06/10/2026
📣May 2026 Market Report
If you’ve been keeping an eye on the GTA real estate market, there’s an interesting shift happening.
We’re starting to see more buyers come back into the market this spring. In May, home sales were up over 6% compared to the same time last year, while the number of new listings actually dropped by almost 19%.
What does that mean?
Well, the large inventory of homes that buyers have enjoyed over the past year is slowly being absorbed. Buyers still have options, but not as many as they did before. As a result, we’re beginning to see the market tighten up in certain areas.
A big reason for the increase in activity is affordability. Home prices remain below where they were a year ago, and borrowing costs have improved, making it easier for some buyers to make their move.
The average selling price across the GTA in May was just over $1.06 million, which is still down compared to last year. However, prices did edge up slightly from April, suggesting we may be getting closer to the bottom of the market.
Looking ahead, many experts expect activity to continue picking up through the second half of 2026. If sales keep increasing while new listings remain lower, we could see prices stabilize and begin trending upward as we move into next year.
The bottom line?
For buyers, there are still opportunities and negotiating power in many areas. For sellers, the market is showing encouraging signs that conditions may continue to improve as we head toward the fall market.
As always, every neighbourhood tells a slightly different story, so if you’re curious about what’s happening in your area, feel free to reach out. I’d be happy to help.
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