Toronto Condo Market 2026: The Good, The Bad, and The Opportunity
The Toronto condo market in March 2026 tells a story of adjustment. Prices are down, inventory is tight, and buyers finally have room to negotiate.
Gary McGowanREALTOR® and national real estate trainer
The Toronto condo market in March 2026 tells a story of adjustment. Prices are down, inventory is tight, and buyers finally have room to negotiate. Here's what the numbers mean for you.
The March 2026 Numbers
According to TRREB's latest market watch:
• 2,235 condo apartments sold in the GTA • Average price: $620,479 • Year-over-year change: -8.0% • New listings: significantly down
What This Means for Buyers
The 8% price drop from last year translates to roughly $50,000 in savings on a typical condo. For first-time buyers, this is the best negotiating position we've seen in years.
What This Means for Sellers
If you're selling a condo in 2026, realistic pricing is non-negotiable. The market has moved past the peak frenzy. Well-priced properties in desirable buildings are still getting attention.
The Supply Question
TRREB's CEO warned that the supply pipeline could run dry in the medium term. If new listings continue to drop while demand picks up, prices could stabilize faster than expected.
Source: TRREB Market Watch, March 2026
