March 2026 - Market Stats

Spring market has officially arrived—and it’s starting to show real momentum.

While the first half of March 2026 felt relatively slow, the second half of the month told a very different story. As the weather improved, buyer activity picked up quickly, leading to a noticeable surge in sales. In fact, overall sales in March increased by 38% compared to February, a clear sign that confidence is returning and buyers are re-engaging with the market.

That said, the market hasn’t been quite as aggressive as it was this time last year, with overall sales down approximately 5% year-over-year. But what’s important—and encouraging—is the shift in energy we experienced in the final two weeks of March. At Engel & Völkers, we saw a significant uptick in activity, with more showings, stronger engagement, and deals coming together at a much faster pace.

Looking ahead, all signs point to a very active spring. We’re expecting a wave of new listings to hit the market following Easter, which will give buyers more choice and create fresh opportunities on both sides of the transaction. April and May are shaping up to be particularly dynamic months.

Another major development: both the federal and Ontario governments have recently introduced a range of new financial incentives for homebuyers. In some cases, these programs could represent savings worth tens—or even hundreds—of thousands of dollars, particularly for those considering pre-construction or new builds.