06/01/2026
Want to know what the market did in May?
Buyers demonstrated caution in May, but well-priced homes are still moving in the VIREB area.
In the single-family category (excluding acreage and waterfront), 384 homes sold in May 2026, down four per cent from one year ago and an increase of three per cent from April 2026.
Sales of condo apartments last month came in at 79, increasing by 10 per cent year over year and 23 per cent from April. In the row/townhouse category, 113 units changed hands in May, up 33 per cent from one year ago and 28 per cent from April.
Active listings of single-family homes were 1,529 in May, down from 1,565 one year ago. VIREB’s inventory of condo apartments was 386 last month, down from the 399 properties listed in May 2025. There were 370 row/townhouses for sale last month compared to 346 the previous year.
Benchmark prices for May are as follows.
• Single-family - $791,600 (down 1% y-o-y)
• Apartment - $407,700 (up 1% y-o-y)
• Townhouse - $553,200 (down 2% y-o-y)
📊 Our full May 2026 Statistics Package is available at https://bit.ly/3RKiV5s. For local market insights, please contact a REALTOR® in your area. 🏡