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The GTA real estate market in March 2026 continues to show strong demand, particularly in the Markham and Scarborough corridors. Average detached home prices in Toronto have stabilized around $1.3M, while condo prices have seen a modest 4% year-over-year increase driven by continued population growth and immigration.
Interest rates, following the Bank of Canada's recent policy adjustments, have created a window of opportunity for both buyers who were previously priced out and sellers who have been waiting for stronger market conditions.
Key Takeaways:
- Detached homes: avg. $1.31M in Toronto
- Condos: avg. $728K in City of Toronto
- Markham: strong demand, avg. 14 days on market
- Buyer competition is returning in the under $1M segment