06/10/2026
A tighter GTA market means every offer counts, here’s what’s driving the change. 📊
Home sales in the Greater Toronto Area jumped +6.3% in May, even as new listings dropped by -18.9%. Fewer listings have turned up the heat for buyers, creating more competition, especially in some neighbourhoods. Despite the average price landing at $1,069,700, down -4.6% year-over-year, prices edged up slightly compared to last month. 📉🏠
Buyers are moving quickly when properties hit the market, and inventory is trending lower. Sellers still have room to negotiate, but these conditions may be shifting as demand strengthens. The landscape could see more price growth in 2027 as affordability improves and new policies like Bill 98 help add supply. 🌱
Are you seeing the effects of tighter inventory where you’re searching or selling? Tell me what you’ve noticed!
