06/08/2026
The Greater Toronto Area housing market continued to tighten in May, with home sales increasing 6.3% year-over-year while new listings declined by 18.9%.
🏡 6,583 homes sold across the GTA
📉 New listings dropped to 17,698
💰 Average home price: $1,069,700
📊 Average prices down 4.6% year-over-year
As inventory levels continue to be absorbed, competition among buyers is increasing in many neighbourhoods. While affordability has improved due to lower prices and borrowing costs, experts anticipate home prices will stabilize and begin trending upward as market conditions tighten.
If you're considering buying or selling, understanding current market trends is more important than ever.
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