06/05/2026
May's 2026 Housing Market Recap 🏠
•The GTA resale housing market tightened in May 2026 compared to last year.
•Sales increased year-over-year, whereas new listings declined over the same period.
•As standing inventory has been absorbed, competition between buyers has likely increased in some neighbourhoods.
•This should see the price trend flatten and ultimately trend upwards in the months ahead.
•Looking ahead, if sales strengthen further relative to listings, selling prices will level off and even start to grow as we move into 2027, said TRREB Chief Information Officer Jason Mercer.
•GTA REALTORS® reported 6,583 home sales through TRREB’s MLS® System in May 2026 – an increase of 6.3 per cent compared to May 2025. New listings are down by 18.9 per cent year-over-year.
•On a seasonally adjusted basis, May 2026 home sales were up by 10 per cent month-over-month compared to April 2026 and new listings were down by 2.1 per cent – pointing to a monthly tightening of market conditions as well.
•The MLS® Home Price Index Composite benchmark was down by 6.7 per cent year-over-year in May 2026. The average selling price, at $1,069,700, was down by 4.6 per cent compared to May 2025.
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Ela Napiorkowski
Real Estate Broker
RE/MAX Professionals Inc.
416.841.2356
