Toronto Employment Trends

The unemployment rate in Toronto was 8.1% as of March 2026, unchanged from the previous month. The unemployment rate stood 7% below the peak in July 2020 but remains above the long-run average.

There were 9,500 fewer full-time jobs in March 2026 compared to a month earlier. Combined with a loss of 1,500 part-time positions, this led to a decrease of 11,000 total jobs in March.

Full-time employment was down 18,900 jobs from the peak in January 2026.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Toronto Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Toronto Employment Trends assumes any responsibility or liability. Copyright ©2026. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Toronto Regional Real Estate Board