By: The Toombs Team
👉 📖 View TheMarket – April 2026 Edition
Inventory Surges as Spring Market Takes Shape
As we move into the spring market, March data is confirming what many buyers and sellers are already feeling on the ground, there are significantly more homes for sale right now.
This month marks one of the most notable shifts we’ve seen so far in 2026. Inventory has surged, pricing continues to adjust, and buyers are moving, but with far more caution and strategy than in previous years.
Inventory: A Sharp Increase Heading Into Spring
The biggest headline from March is the rapid rise in inventory.
Across York Region, active listings jumped between 30% and nearly 60% month-over-month, a substantial increase as we enter the busiest time of year for real estate.
This surge is creating more opportunity for buyers but also more competition for sellers. With more homes to choose from, buyers are no longer feeling pressure to act quickly.
Sales Activity: Picking Up, But Not Rushing
Despite the increase in listings, sales activity is improving month-over-month.
Buyers are active but they’re taking a more measured approach. The urgency we saw in past markets has been replaced with careful decision-making, more comparisons, and stronger negotiation.
This creates a market that is moving, but at a more balanced and deliberate pace.
Pricing: Gradual Adjustments Continue
Prices across York Region remain down approximately 4% to 9% year-over-year, depending on the area.
Rather than sharp declines, what we’re seeing is a continued gradual correction, a normalization following the rapid price growth during the pandemic years.
At the same time, pricing strategy has become critical.
Currently, roughly 75% to 85% of homes are selling below asking price, highlighting the importance of accurate pricing in today’s conditions.
Market Conditions: More Time, More Leverage
Homes are taking longer to sell compared to last year, giving buyers:
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More time to explore options
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More room to negotiate
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More confidence in their decisions
This shift has created a more balanced environment where buyers hold greater leverage, but still need to act decisively when the right opportunity appears.
Listings That Aren’t Selling
Another emerging trend is the increase in listings that fail to sell and are eventually terminated.
This isn’t a sign of no demand, it’s a sign of misalignment between price and market expectations.
Homes that are positioned correctly are still selling. Those that are priced too aggressively are sitting, often requiring price adjustments or relisting strategies to regain traction.
Local Snapshot: A Consistent Pattern
Across Newmarket, Aurora, and East Gwillimbury, the same pattern continues to play out:
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Well-priced homes are generating interest and selling
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Overpriced homes are seeing limited activity and longer days on market
This reinforces the importance of understanding hyper-local trends and aligning pricing with current buyer expectations.
What This Means for Spring 2026
As we move deeper into the spring market:
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Inventory is expected to continue building
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Buyers will remain selective and strategic
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Pricing accuracy will be the key differentiator for sellers
This is not a market driven by speed, it’s one driven by strategy, preparation, and positioning.
The Takeaway
April’s market update, based on March data, highlights a clear shift: more supply, more choice, and more competition.
For buyers, this creates opportunity.
For sellers, it raises the bar.
Success in today’s market comes down to understanding the landscape and executing the right strategy from the start.
If you’d like a full breakdown of the latest data, charts, and local insights, we’ve put together our newest edition of TheMarket: York Region Real Estate Report.
👉 Get your complimentary home value:
toombs.team/value
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