Ontario Housing Market Report

Average Home Prices in Ontario for March 2026

Historical Average Home Prices in Ontario

The average home price in the GTA in March 2026 was $1,017,796, down 6.9% year-over-year and up 0.9% monthly. The City of Toronto's average home price is $1,022,874, down 7.9% year-over-year.

Elsewhere in the GTA, Brampton's average home prices are down 6.5% year-over-year to $892,085. Markham home prices are down 4.8% year-over-year, Vaughan home prices are down 6.0% year-over-year, while Mississauga home prices are down 7.6% year-over-year. Hamilton's housing market in March 2026 saw prices decline 8.6% year-over-year to $721,075.

Ottawa's housing market had an average home price of $692,584, up 1.0% year-over-year and up 4.5% month-over-month. On the other hand, Ottawa's benchmark home price is down 2.1% year-over-year, up 0.4% month-over-month to $617,700. Ottawa's robust job market, particularly in the public sector, and high quality of life make it an attractive destination for Ontario homebuyers.

Kitchener-Waterloo and London have seen significant growth in the past few years, with their tech sectors attracting young professionals, although home price growth has slowed. The average home price in the Kitchener-Waterloo-Cambridge Region is $733,258 in March 2026, down 5.0% year-over-year. In London's housing market, the average home price is $627,112 for March 2026, down 2.5% year-over-year.

Central Ontario remained Ontario's priciest housing region in March 2026, with the average home price reaching $1,026,449. That was down 6.6% from March 2025, suggesting that the GTA-centred market is still working through a correction phase as higher inventory and restrained buyer confidence continue to weigh on prices. Even so, Central Ontario remains far more expensive than every other region in the province, underscoring how dominant Toronto's pricing influence is.

Southern Ontario, anchored by Hamilton, saw the average home price at $740,468 in March 2026, down 5.3% year-over-year. While the region continues to benefit from spillover demand from less affordable parts of the province, the annual decline suggests that buyers are still highly price-sensitive and unwilling to chase values higher in the current economic environment.

Northeastern Ontario posted an average home price of $696,234, down 6.9% from a year earlier. Eastern Ontario was somewhat more resilient, with an average price of $631,923, down 1.8% year-over-year, pointing to a comparatively steadier market in and around Ottawa even as conditions remained soft overall.

Western Ontario recorded an average home price of $583,442 in March 2026, a modest 1.0% decline from March 2025. That smaller drop may indicate that prices in the region are finding a firmer floor than in some of Ontario's more expensive markets. Northern Ontario remained the most affordable region in the province at $402,042 and was once again the only region to post annual price growth, rising 2.4% year-over-year. That continued strength reflects how relative affordability can still support demand even when broader provincial housing conditions remain subdued.

Despite multiple interest rate cuts from the Bank of Canada between June 2024 and October 2025, Ontario's market has failed to respond positively, unlike many other provinces. Unaffordability and economic uncertainty, particularly related to tariff concerns, appear to weigh heavily on buyer confidence in Ontario's markets.