06/12/2026
June 2026
Hello Friend,
If you’ve been paying attention to what's happening in the Toronto real estate market lately, you might feel a bit confused. Depending on who you talk to, the market is either firing back up or offering the best discounts we've seen in years. Well the truth? It’s doing a bit of both.
A decent month of sales, as Toronto Real Estate Board members sold 6,583 homes, an increase of 6.3 percent compared to May 2025. 17,698 new listings were taken in May, down 18.9 per cent year-over-year. The spring market has brought a fascinating dynamic: sales activity is going up, but prices are staying grounded. While buyers are finally coming off the sidelines to absorb inventory, sellers haven't quite regained the absolute pricing power they enjoyed during the peak pandemic years. It’s a firming market, not a runaway train. While the market is not as “hot “as it has been in the past, there is a trend taking shape; more homes are selling and there are fewer homes for sale, naturally putting pressure on prices.
The latest data from the Toronto Regional Real Estate Board (TRREB) highlights a tightening market. Buyers are taking advantage of lower borrowing costs, but they remain fiercely price-conscious.
While active listings grew slightly relative to last month, new listings plummeted nearly 19% year-over-year. Because buyers are snapping up existing inventory and fewer people are putting their homes on the market, total standing inventory is getting absorbed quickly. Month-over-month price gains (like the 1.7% bump in the GTA average) are real, driven by actual transaction volume rather than just luxury homes skewing the data. However, we are still well below last year's pricing, leaving plenty of room for negotiation.
Now depending on the home types, we are seeing different market performances. The low-rise market is seeing the healthiest recovery. Detached homes in the GTA averaged $1.36M (down 4.7% YoY), while semi-detached homes averaged $1,067,672. Semis have been the star performer of the spring, jumping 3.3% in price just since last month as buyers look for that sweet spot of freehold space without the mid-seven-figure price tag. The condo sector continues to face the most pressure. Averaging $639,468 (down 6.4% YoY), demand has stabilized, but the days of intense investor bidding wars are on pause. In fact, institutional shifts are happening behind the scenes; institutional buyers like Montreal’s Jesta Group are reportedly scooping up hundreds of millions in unwanted condo units near downtown campuses.
The clock is ticking on maximum leverage for buyers. While you still have significant negotiating power compared to the "blind bidding" madness of the past, the massive drop in new listings means choice will narrow if sales continue at this pace. As for sellers, realistic expectations win the day. Homes that are priced precisely at recent, hyper-local comparable sales are moving. Overpriced properties trying to chase old peaks are sitting.
Thinking about making a move this summer or just curious as to what is happening in your area? As always, please give me a call directly. It's always a great time to talk about real estate!
Have a great month of June!
Sam Huang, MA
RE/MAX Realtron Realty Inc.
Direct: 416-274-9008
