The spring market is beginning to show early momentum, with home sales in Toronto increasing modestly toward the end of the first quarter according to a new report.

Canada's spring housing market got off to a slow start, with momentum tempered by economic and geopolitical uncertainty, and the lingering effects of a long and snowy winter. However, activity began to pick up in recent weeks.

Canadian home sales remained stable in March 2026, slipping just 0.1% month-over-month and sitting 2.3% below March 2025 levels. New listings edged down 0.2%, continuing a trend of limited supply. The MLS® Home Price Index declined 0.4% from February and 4.7% year-over-year, while the national average sale price dipped 0.8% annually. Overall, the sales-to-new listings ratio of 47.8% indicates balanced market conditions.