06/14/2026
🌸 The GTA housing market is heating up… and it’s not just the weather! ☀️🏡
Spring arrived late, but the real estate market is making up for lost time.
Here’s what happened in May 👇
📈 Home sales increased 6.3% compared to last year.
🏠 New listings dropped 13.3%, meaning buyers are starting to absorb inventory.
💰 Average home price: $1,069,700 (still 4.6% lower than last year), but prices have started to inch upward compared to April.
So what does this mean?
✅ For Buyers:
You still have more choice than we’ve seen in recent years, along with improved affordability thanks to lower prices and borrowing costs. The window to negotiate may not stay open forever as inventory continues to tighten.
✅ For Sellers:
Demand is strengthening while the number of homes hitting the market is declining. If this trend continues, we could see more balanced conditions and stronger pricing heading into the second half of the year.
🏢 Condo Update:
Condo prices continue to face pressure due to increased supply from new completions, but sales were up almost 8% year-over-year. Buyers are recognizing the value and affordability opportunities in today’s market.
🔮 Looking Ahead
If interest rates continue to ease and economic confidence improves, the GTA housing market could continue to stabilize, with the potential for price growth as we move toward 2027.
📲 Thinking of buying or selling this year?
Every neighbourhood is moving differently. Send me a DM for a personalized update on your home’s value or to discuss your next move.
What do you think—is the GTA market finally turning the corner? Let me know in the comments! 👇