06/09/2026
The Greater Toronto Real Estate market became more competitive in May 2026 compared to a year ago. Home sales rose while new listings fell, which reduced available inventory. As buyers absorbed more of the existing supply, competition increased in some neighbourhoods across the Greater Toronto area. Lower home prices and lower borrowing costs helped improve affordability and boost sales activity. Toronto's real estate board expects sales to keep improving through the second half of 2026, especially if economic uncertainty eases. In May, 6,583 homes sold, up 6.3% from last year, while new listings dropped 18.9% to 17,698.