The statistics provided in this report are based on information from the ITSO MLS® System. Multiple MLS® Systems operate within Ontario, and while none can be guaranteed to include every property listed or sold within a given area, they effectively illustrate market trends.
There were 1,312 home sales recorded via the Multiple Listing Service® (MLS®) System of the Cornerstone Association of REALTORS® (Cornerstone) in March 2026, representing a 34.9 per cent increase month-over-month, and a 1.4 per cent decline year-over-year.
“Sales activity in March continued to rebound month-over-month but dipped slightly on a year-over-year basis. The month of March also saw important announcements from the Federal and Ontario governments to remove the HST from most new homes, reduce development charges, and simplify the approvals process. These measures should encourage buyers to consider the new home market and support long-term supply,” says Bill Duce, CEO of Cornerstone. “Removing these fees will help more buyers enter the market, but further solutions, such as a down payment assistance program or increasing the provincial land transfer tax rebate, are needed to get more first-time buyers into the market”.
While the MLS® Home Price Index (MLS® HPI) composite benchmark was down year-over-year in Cornerstone’s major market areas, most areas saw an increase on a month-over-month basis.
There were 3,091 new listings added to Cornerstone’s MLS® System last month, a decline of 10.2 per cent year-over-year, and an increase of 42.3 per cent over
February 2026.
The total inventory across Cornerstone’s market areas increased 12.4 per cent over the previous month and represents a 6.8 per cent decrease year-over-year.
There was a 3.6-month supply at the end of March representing a 2.9 per cent
year-over-year increase. The number of months of inventory represents the time it would take to sell the current inventory at the current sales rate.
The average days on the market across all Cornerstone market areas was 39 in March, compared to 47 days in February 2026.
View our HPI tool to explore HPI or Benchmark Prices across property types and additional areas.
For in-depth market coverage, please follow these links:
Hamilton-Burlington-Haldimand-Niagara North
SOURCE, CORNERSTONE
To learn more, visit CORNERSTONE ASSOCIATION OF REALTORS®
