06/03/2026
๐ก GTA Market Update โ May 2026
The GTA housing market continued to strengthen in May 2026. Home sales increased by 6.3% compared to last year, while new listings declined by 18.9%, resulting in tighter inventory across many neighborhoods.
A total of 6,583 homes sold through TRREB's MLSยฎ System, while 17,698 new listings were added to the market. The average selling price was $1,069,700, down 4.6% from May 2025, and the MLSยฎ HPI benchmark was down 6.7% year-over-year.
On a month-over-month basis, sales rose by 10% while new listings declined by 2.1%, indicating increasing competition among buyers and a gradual move toward a more balanced market.
Thinking of buying or selling in todayโs market? Letโs discuss your options.
Jas Singh, Real Estate Broker
Ph 416-993-9592
https://torontoviphomes.ca/
www.JASSINGH.ca
Re/Max Gold Realty Brokerage.
Helping Families to Buy, Sell & Invest in Real Estate Since 2011.