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.

The GTA resale market tightened in March 2026, with year-over-year sales gains and a decline in new listings. Selling prices eased compared to March 2025, offering some relief on affordability as the spring market gets underway.

A mix of loans can either strengthen or weaken your credit score, depending on how you manage spending and payments. Because credit cards, car loans, and mortgages affect scores differently, improving your number isn’t always simple.

TD Economics has sharply downgraded its outlook for Canada’s housing market, no longer expecting growth in home sales or prices this year after a weak start to 2026.

Ontario and Canada have expanded the 13% HST rebate to all buyers of new homes up to $1.5M, effective April 1, 2026. With rebates capped at $130K, the measure aims to improve affordability, stimulate demand, and support increased housing supply across the province.

Fixed rates likely to jump as Iran conflict and economic unease continue to push yields higher

The Bank of Canada elected to hold its key interest rate steady at 2.25 per cent on Wednesday.

The Canadian Real Estate Association says home sales continued moving at a slow pace in February but activity started to pick up near the end of the month.

Severe mortgage delinquencies jumped in late 2025 even as the overall rate stayed low, new Equifax data shows, offering an early signal of strain as Canada enters peak mortgage renewals.

Markets and industry pros brace for another pivotal call on rates this Wednesday.

The Ford government is poised to offer all home buyers a significant tax discount on newly built homes, in a major expansion of a government program designed to breathe life into Ontario’s sluggish housing sector.

Canada’s “brutal” jobs report for February has most economists betting interest rates aren’t going anywhere this year, but a cut would be the more likely move if there is any change.

Economic uncertainty is spilling into 2026 and keeping plenty of would-be buyers out of the market

Asking rents in Canada fell year-over-year for the 17th straight month in February to an average of $2,030.

Home sales in the Greater Toronto Area fell last month, along with new listings and average selling prices, as TRREB believes potential buyers are waiting for the market to bottom out before making a move.

With an overwhelming percentage of Canadians supporting the policy, don’t expect a reversal anytime soon.

Stabilizing rents in 2026 could give way to a sharper squeeze on supply

Recent federal mortgage rule changes are already expanding the reach of Canada’s insured mortgage market, with mortgage insurers pointing to a surge in first-time buyer activity and renewed demand in high-cost regions like the Greater Toronto Area.