06/04/2026
🏠 GTA May Market Update — Competition Is Back
May's numbers tell a clear story: supply is shrinking fast, and buyers are starting to feel it.
📊 The Big Picture:
6,583 sales across the GTA — up 6.3% year-over-year for the second straight month of gains. Average price hit $1,069,700, ticking up from April. The year-over-year decline has narrowed from -4.9% to -4.6%. The floor may be in.
🏙️ City of Toronto:
Toronto East is on fire — 103% SP/LP, homes selling in just 20 days, average price $1,036,075. Toronto West holding at 100%. If you've been eyeing the East End, offers need to be sharp.
🌿 York Region:
Sales jumped from 994 in April to 1,183 in May — nearly 20% month-over-month. Stouffville tops the region at $1,220K average. Newmarket remains the best value play at $974K median.
⚠️ The number that matters most:
New listings fell 18.9% year-over-year — the biggest supply drop of 2026. Demand is holding, inventory is shrinking. That combination historically leads to price acceleration.
Whether you're thinking of buying or selling, now is the time to get informed before the market moves further. DM me anytime — happy to walk you through your options with zero pressure. 🙌
