06/08/2026
๐ GTA Housing Market Update โ May 2026
The Greater Toronto Area housing market continued to move toward a more balanced and competitive environment in May.
According to TRREB:
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Home sales increased 6.3% year-over-year
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New listings declined 18.9%
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Average selling price was $1,069,700
As inventory levels continue to decline and more homes are being absorbed by the market, buyer competition is beginning to increase in some areas.
While prices remain below last year's levels, experts suggest that continued strengthening in sales relative to listings could lead to price stabilization and eventual growth moving forward.
Whether you're considering buying, selling, investing, or simply curious about your home's current value, understanding these market trends is key to making informed decisions.
If you'd like a market update specific to your neighbourhood, feel free to reach out.
Source: Toronto Regional Real Estate Board (TRREB)