06/04/2026
🌷 Spring has arrived, and the GTA real estate market is heating up right along with the weather.
📈 May brought renewed momentum, with 6,583 homes sold across the GTA, up 6.3% year-over-year, while active listings declined by 13.3%. As inventory is absorbed, some communities are already seeing increased competition among buyers.
🏡 Improved affordability continues to drive activity, thanks to lower home prices and reduced borrowing costs. The average GTA home price in May was $1,069,700, down 4.6% from last year, but showing signs of stabilization with a month-over-month increase from April.
📊 Condo prices remain under pressure as new supply enters the market, but buyer confidence is returning, with condo sales rising nearly 8% year-over-year.
For buyers, today’s market still offers plenty of choice and negotiating power. For sellers, improving demand and declining inventory could create stronger opportunities as we move through the second half of the year.
If current trends continue, we may see prices level off and begin to climb heading into 2027.
Thinking about buying, selling, or investing? Let’s connect and discuss your options.
