06/16/2026
The Greater Toronto Area (GTA) resale housing market just took a sudden turn in May 2026, tightening significantly compared to last year. If you are looking to buy, sell, or invest in Ontario real estate, you cannot afford to ignore these new numbers from the Toronto Regional Real Estate Board (TRREB).
In this video, we dive deep into the official May 2026 Market Watch report to uncover why inventory is shrinking, where buyer competition is heating up, and what this means for prices moving into the second half of the year.
Source: Toronto Regional Real Estate Board
https://trreb.ca/wp-content/files/market-stats/market-watch/mw2605.pdf
The Core Market Numbers:
Total Sales: GTA Realtors reported 6,583 sales, marking a 6.3% increase compared to May 2025.
The Month-over-Month Surge: On a seasonally adjusted basis, home sales jumped an impressive 10% compared to April 2026.
New Listings Drop: New inventory entered into the MLS system plunged by 18.9% year-over-year to 17,698 , and fell 2.1% month-over-month.
Average Selling Price: The average price across the GTA sat at $1,069,700, down 4.6% year-over-year , though it did tick up slightly on a month-over-month basis.
MLS HPI Benchmark: The Composite benchmark was down 6.7% year-over-year and edged slightly lower compared to April.
