06/12/2026
🏡 GTA REAL ESTATE MARKET UPDATE | MAY 2026 📊
Market conditions are starting to tighten.
Key highlights from the latest TRREB report:
📈 Home Sales Increased
• 6,583 homes sold in May 2026
• ⬆️ Up 6.3% compared to May 2025
🏷️ New Listings Declined
• 17,698 new listings entered the market
• ⬇️ Down 18.9% year-over-year
⚖️ Market Balance Is Shifting
• Inventory levels are being absorbed
• Buyer competition is increasing in some neighbourhoods
💰 Home Prices
• Average selling price: $1,069,700
• ⬇️ Down 4.6% compared to May 2025
📉 Benchmark Price
• MLS® HPI Composite Benchmark
• ⬇️ Down 6.7% year-over-year
📅 Month-over-Month Trend
• Sales ⬆️ 10% compared to April 2026
• New listings ⬇️ 2.1%
• Market conditions continue to tighten
🔮 What’s Next?
• Lower inventory + stronger sales could increase competition
• Prices may stabilize and begin trending upward in the months ahead
📌 Thinking about buying or selling in the GTA?
Understanding the numbers is key. Contact me for a neighbourhood-specific market update.
