06/05/2026
πππ ππππ ππππππ πππππ π‘
β
Home sales β 6.3% vs last year (6,583 sales)
β
New listings β 18.9% (17,698 listings)
β
Average price: $1,069,700 β 4.6% year-over-year
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Month-over-month: sales β 10%, listings β 2.1%, prices edged slightly higher
π The GTA housing market continued to tighten in May as sales increased and new listings declined compared to last year
π Buyers still benefited from substantial negotiating power and strong inventory levels, helping maintain affordability despite improving demand
π Inventory continued to be absorbed across the market, leading to increased competition between buyers in some neighbourhoods
π Sales rose while listings declined both year-over-year and month-over-month, suggesting market conditions are becoming more balanced
π Average prices remained below last year's levels but showed signs of stabilization, with prices edging slightly higher compared to April
π¬ If this trend continues, we could see prices level off and begin moving upward as we head into late 2026 and 2027
π Buyers still have opportunities in today's market, but with inventory shrinking and demand strengthening, competition could increase in the months ahead.
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Hamid Amirrad (ππ°ππ«π-ππ’π§π§π’π§π Realtor)
Right At Home Realty
π² (905) 923-0121
π© [email protected]