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The momentum of the spring market is building! Across Durham Region, new listings surged 32% in March, with more buyers re-entering the market following the Bank of Canada’s recent rate cut. While the average sale price remained steady or slightly trailed 2024 levels, we saw a noticeable bump in sales.

 

Sales jumped 21% month over month in Durham Region, and homes are now selling five days faster. Ajax led the charge with a 40% increase in sales, quicker turnarounds, and an average of 103% of list price. Oshawa homes are starting to sell over asking at 102%, Whitby saw monthly price growth and an 8% sales boost, and Clarington sales climbed 27%.

 

Northumberland County is on fire, with sales up 40% month over month and homes selling two weeks faster than in February. Cobourg saw average prices soar—up 24% month over month and 7.5% year over year—while Northumberland as a whole posted a 12% price gain compared to last March. Port Hope had a standout month with a 140% spike in sales.

 

Toronto is also gaining steam. Townhouse prices climbed 4.8% month over month and 1.9% year over year, while semis saw a 4.9% increase month over month and 2.9% year over year—clear signs of renewed buyer confidence in the city.

 

Despite ongoing economic uncertainty tied to trade relations with the United States, data from the Canadian Real Estate Association indicates that our region remains in a balanced market. If trade uncertainties ease, we could see much stronger home sales activity later in the year.

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