06/23/2026
The May 2026 luxury market just dropped — and the numbers are genuinely surprising. 👀
Less inventory. Fewer new listings. Economic uncertainty everywhere. And yet… luxury home sales are UP both month-over-month AND year-over-year.
How? Because the luxury market plays by completely different rules. Affluent buyers aren't driven by mortgage rates or headlines. They're motivated by wealth preservation, lifestyle, and long-term financial positioning.
This is a market operating on its own cycle entirely. Swipe through for the full breakdown 👉
📈 Luxury buyers aren't waiting on the sidelines.
Luxury home sales have been gaining momentum all spring, with demand increasing month after month. What's making this even more interesting? Inventory is actually shrinking.
🏡 Luxury detached home sales were up 10.3% in May compared to last year, while the number of available listings continued to decline.
The result: luxury properties are being purchased faster than new listings are hitting the market—a sign that confidence remains strong among affluent buyers despite economic uncertainty.
Mississauga
➡️ The single-family luxury market is a Buyer's Market with a 7% Sales Ratio.
➡️ Homes sold for a median of 93.53% of list price in May 2026.
➡️ The most active price band is $2,000,000-$2,099,999, where the sales ratio is 50%.
➡️ The median luxury sales price for single-family homes is $2,675,000.
➡️ The median days on market for May 2026 was 56 days, up from 17 in May 2025
Toronto
- The single-family luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 96.37% of list price in May 2026.
• The most active price band is $2,500,000-$2,699,999, where the sales ratio is 29%.
• The median luxury sales price for single-family homes is $3,025,000.
• The median days on market for May 2026 was 13 days, up from 9 in May 2025.
Oakville
- The single-family luxury market is a Balanced Market with a 20% Sales Ratio.
• Homes sold for a median of 95.01% of list price in May 2026.
• The most active price band is $2,700,000-$2,899,999, where the sales ratio is 46%.
• The median luxury sales price for single-family homes is $2,390
