06/18/2026
Spring has arrived, and the GTA housing market is showing renewed momentum. In May, more homes changed hands while fewer properties came to market compared to last year, helping the market move closer to balance after a period of higher inventory.
Improved affordability, lower home prices, and easing borrowing costs have encouraged more buyers to return. A total of 6,583 homes were sold across the GTA in May, up 6.3% year-over-year, while active listings declined by 13.3%, creating tighter market conditions.
Compared to April, sales increased by 10% as demand strengthened faster than new supply entered the market. Although prices remain below last year’s levels, signs of stabilization are emerging, with the average GTA home selling for $1,069,700 in May.
The condo market continues to face pressure from increased supply, but buyer confidence is improving, with condo sales rising nearly 8% from last year.
For buyers, today’s market offers more selection and negotiating opportunities. For sellers, improving demand and lower inventory may create more favourable conditions as the year progresses.
I am always here to assist with your real estate needs. Please feel free to reach out anytime — I look forward to connecting with you soon.
