06/04/2026
๐๐๐ฒ ๐๐๐๐ ๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐๐ฉ โ ๐๐ข๐ ๐ก๐ญ๐๐ง๐ข๐ง๐ ๐๐จ๐ง๐๐ข๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ โ๏ธ๐ก
The GTA housing market continued to strengthen in May as we moved deeper into the Spring market.
Sales increased.
Prices edged higher.
Inventory grew modestly.
At the same time, homes sold faster and market conditions continued to tighten, suggesting Buyers are becoming more active while Sellers are benefiting from improving demand.
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๐๐จ๐ง๐ญ๐ก-๐จ๐ฏ๐๐ซ-๐๐จ๐ง๐ญ๐ก ๐๐ง๐๐ฉ๐ฌ๐ก๐จ๐ญ ๐
๐ก Sales: 6,583 (โฌ๏ธ 10.7%)
๐ฐ Avg Price: $1,069,700 (โฌ๏ธ 1.7%)
๐ New Listings: 17,698 (โฌ๏ธ 3.5%)
โณ Avg Days on Market: 42
Buyer activity continued to build in May, with sales outpacing the growth in listings โ a sign that competition may be starting to increase in certain neighbourhoods and price points.
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๐๐ฒ ๐๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐๐ฒ๐ฉ๐ ๐๏ธ
๐ Detached: $1,372,688 (โฌ๏ธ 1.1%)
๐ก Semi-Detached: $1,067,672 (โฌ๏ธ 3.3%)
๐๏ธ Townhomes: $840,608 (โฌ๏ธ 0.1%)
๐ข Condos: $639,468 (โฌ๏ธ 0.6%)
Condos continue to be one of the most accessible entry points into the Toronto and GTA real estate market, while semi-detached homes saw the strongest price growth in May.
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๐๐ก๐ ๐๐ข๐ ๐๐ข๐๐ญ๐ฎ๐ซ๐โฆ๐
May reinforced the trend we've been seeing all Spring โ the GTA real estate market is gradually tightening.
Sales are increasing, inventory is being absorbed, and confidence continues to improve as affordability benefits from lower borrowing costs compared to last year.
We're also seeing growing interest in the pre-construction market following Ontario's new 1-year HST rebate and proposed development charge reductions aimed at encouraging more housing supply.
With the next Bank of Canada rate announcement scheduled for June 10, many are watching closely to see whether rate stability continues through the Summer market.
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๐ฉ ๐๐๐ฟ๐ถ๐ผ๐๐ ๏ฟฝ
