06/23/2026
◦ GTA home prices continued to adjust in May, declining 4.6% year-over-year to $1,069,700, but the pace of decline narrowed as sales rose for a third straight month and new listings fell sharply for a fifth consecutive month.
◦ With five-year fixed mortgage rates stabilizing just above 4% and prices down from peak levels, affordability has improved relative to 2022.
◦ However, Urbanation notes that several more months of demand outpacing supply will be needed before meaningful upward price pressure emerges.
◦ Curious whether today’s price levels create an opportunity in your market? Let’s review the numbers.
💬Whether you’re a first-time buyer, ready to sell, lease, or just have questions — I’m here for you. Let’s chat about your goals, and how I can help you get there.
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