06/04/2026
🏡 GTA REAL ESTATE MARKET UPDATE | MAY 2026 📈
The GTA housing market continued to tighten in May, signaling a shift toward more balanced conditions and increased competition among buyers.
🔹 6,583 homes sold in May
⬆️ Sales increased 6.3% compared to May 2025
🔹 17,698 new listings
⬇️ New listings decreased 18.9% year-over-year
🔹 Average selling price: $1,069,700
⬇️ Down 4.6% compared to last year
🔹 MLS® Home Price Index
⬇️ Down 6.7% year-over-year
What does this mean? 🤔
While buyers still have negotiating power, inventory continues to be absorbed by the market. As sales increase and listings decline, experts anticipate home prices will stabilize and potentially begin trending upward in the months ahead.
With improved affordability driven by lower prices and borrowing costs, market activity is expected to strengthen through the second half of 2026.
Whether you’re considering buying, selling, or investing, understanding these market trends can help you make informed decisions.
📩 Curious about how these numbers impact your neighbourhood or property value? Send me a message for a personalized market update.
