05/14/2026
May 2026
Hello Friend,
The April 2026 data from the Toronto Regional Real Estate Board (TRREB) is in, and the narrative of the spring market is shifting. While 2025 was defined by hesitation, 2026 is proving to be the year of the "calculated return." Buyers are finally stepping off the sidelines, but they are finding a market with fewer options than this time last year.
This April saw the sale of 5,946 homes, a 7% increase over last April, but not a significant increase. The listing inventory of 17,097, is lower than last year and as a rough estimate, it means that on average there are roughly 3 homes available for a buyer to choose from. Remember, this is an average number. Some price ranges and types of homes have different numbers. Condominiums and luxury homes, for example, have higher inventories, skewing the numbers of more moderately priced homes in high demand neighborhoods. Today’s buyers are taking advantage of more affordable housing market conditions on the back of lower home prices.
People often say, “I am waiting for the market to bottom out,” but the reality is that no one can judge when that happens. The “bottom” is usually triggered by other events, such as an increase in mortgage rates, or a purely psychological factor such as confidence in the economy, or the end of a conflict on the other side of the world. When that changes, everybody jumps back in and prices start increasing. The fact is that, for the first time in nearly two years, we are seeing the average selling price edge upward on a month-over-month basis. While prices remain lower than the 2025 peak, the "floor" appears to be forming. And I can speak with confidence that the GTA housing market often can heat up in a hurry!
While waiting for the bottom may be a strategy (though I would not recommend it) for first time buyers, it certainly is not one for those who are upgrading their homes. If you buy and sell in the same market, it makes no difference. Because if your home has dropped 10% then the new home would also drop by 10% from the peak price. One other factor to consider in that scenario is price. If a million-dollar home has dropped by 10%, theoretically you have lost $100,000. However, if you are upgrading to a $1,500,000 dollar home, that 10% drop amounts to $150,000. That’s why now might be the best time to take advantage of today’s market!
If you are considering a change or have some questions, or if you know of someone considering getting into the market, give me a call, I would love to help and put my experience to work for you!
Have a great month of May!
Sam Huang, MA
RE/MAX Realtron Realty Inc.
Direct: 416-274-9008
