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.
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