March Toronto Real Estate Market Stats: Inventory Up, Sales Down, Prices Soften

You know the market's in a weird spot when borrowing is cheaper, prices are softer, and buyers still aren’t sprinting to open houses like it's a Lululemon warehouse sale. But here we are, halfway through spring preview season and playing the waiting game.

Between the looming federal election, awkward dinner-table chats about tariffs (yes, again), and a whole lot of global “What now?” energy—many buyers and sellers are hitting snooze on the market. But here's the twist: the market is quietly becoming more affordable. Interest rates are lower than they were a year ago. Home prices are (gently) deflating. And more listings are rolling in by the day.

So, should you wait it out like it’s 2020 all over again? Or should you lean into the soft launch of spring 2025 and scoop up something while the market’s still in chill mode? Let’s unpack the data 📦

Toronto Real Estate Market at a Glance

Toronto saw 1,908 home sales, a 17.3% drop from March 2024. But unlike other regions, the average price increased by 2.2% to $1,110,924.

Inventory climbed 63.5%, which nudged months of inventory to 4.78—still shy of a buyer’s market, but enough to make things a little more negotiable.

🏙️ Condos in the city averaged $716,460, down just 1.8%. Sales dropped by 21.8%, but for those buying with long-term goals, there’s opportunity in the slowdown.

GTA Real Estate Insights

In March 2025, TRREB recorded 5,011 home sales, a 23.1% decline compared to last year. Meanwhile, the average selling price dropped by 2.5% to $1,093,254.

But here’s the stat you don’t want to ignore: active listings soared to 23,462, marking an 88.8% increase from March 2024. That’s a whole lot more selection for buyers—and a signal to sellers that it’s time to sharpen their pricing strategies.

🏢 Condo Corner: Sales volume slipped nearly 25% year-over-year, while prices dipped a modest 2.6% to $682,019. With a record number of new units hitting the market this year, the resale condo sector is officially on sale.

Mississauga: A Market on the Edge of Change

Mississauga saw 1,133 sales, down 20.7% from last March. But despite the dip in activity, prices held steady, inching up 1% to $1,044,973.

Inventory nearly doubled (+94.3%), landing at 2,040 active listings—giving buyers the ability to be choosier than they’ve been in years.

Condo shoppers will be happy to hear prices dropped 5.1% to $583,918, while sales slid 25.3%. A strong entry point for first-time buyers looking for value in the west end.

Oakville: Luxury Market Adjustments Continue

Oakville continues its luxury recalibration. Sales were down 26.8%, and the average home price dropped 4.6% to $1,439,719.

The story here is inventory—up 151.4%, with months of supply hitting 6.56. That’s rare air for Oakville, and buyers looking for high-end homes now have the upper hand.

Condos also dipped, with prices down 4% to $680,445, and sales down nearly 44%.

Durham Region: Still Holding as a Seller’s Market

Durham continues to show quiet strength. Sales declined 20.1%, but prices only dipped 1.8% to $903,088.

Inventory rose 119.2%, pushing supply to 3.01 months—still technically a seller’s market, but just barely.

Condo prices fell 2.2% to $566,598, while sales slid 45.6%. Durham remains a stable, lower-cost option for buyers migrating outward from the core.

York Region: High Inventory, But Holding Steady

York Region reported 2,212 sales, down 27.8%. The average price dropped 5.6% to $1,226,843, while inventory nearly doubled to 4,467 listings.

With 5.20 months of inventory, the market is approaching balance, but buyers remain hesitant, especially with political uncertainty in the air.

Condos declined 3.4% in price to $660,861, while sales dropped 21.3%. Expect this market to reheat if borrowing costs drop further this spring.

Brampton: A Flood of Listings, But Prices Hold

Brampton is officially in buyer’s market territory. Sales plummeted 31.6% year-over-year, and the average price dropped to $969,503, a 4.7% decline.

But wait—inventory jumped 121.5%, pushing months of inventory to 6.12, one of the highest in the GTA. That means sellers need to get competitive, and buyers have leverage.

Condos saw the steepest shift: prices dropped 16.5% to $479,395, and sales tanked 41.2%. Translation? It’s deal season.

What This Means for Buyers and Sellers?

The story of March? More listings. Lower rates. A little less fear in the air—and a market that’s quietly shifting in favour of buyers.

📉 For buyers, this is a golden moment to explore the market without the pressure of bidding wars or rushed offers. Rates are lower than they were this time last year, and with more inventory, you’ve got room to negotiate, sleep on it, and still get the home you love. If you’re feeling secure in your job and finances, this could be your sweet spot.

📈 For sellers, strategy is everything. With sales volume down and inventory rising, competitive pricing, sharp marketing, and a clean, well-staged home are the triple threat you need to win over today’s cautious-but-curious buyer.

The spring market is just waking up—what you do now could shape your real estate wins for the rest of the year.

Let’s unpack your next move together. 📦