06/05/2026
📊 May GTA Market Update
May showed a mixed picture for the GTA real estate market.
Sales were higher compared to last year, while average selling prices continued to move lower. New listings were also down, which means buyers and sellers are still adjusting to changing market conditions.
🏡 Average selling price: $1,069,700
📉 New listings: 17,698
⏳ Days on market: 42
🤝 Total transactions: 6,583
Not every part of the GTA is seeing the same trend. Some areas and property types are attracting more buyer activity, while others are still seeing softer prices compared to last year.
The main takeaway: this is not a one-number market. Location, property type, pricing strategy, and buyer demand all matter.