06/12/2026
📈Spring Home Sales Stronger Than Last Year
The Greater Toronto Area (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.
“Spring sales have been stronger than last year, reflecting improved affordability stemming from lower selling prices and borrowing costs. Sales are forecast to improve further as we move through the second half of this year. Recovery would be further bolstered by positive news on the trade front along with an easing of geopolitical tensions and related uncertainty,” said TRREB President Daniel Steinfeld.
“Inventory levels trended lower over the past year, but buyers continued to have substantial negotiating power through the spring, helping with affordability. 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 entered into the MLS® System amounted to 17,698 – 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 (MLS® HPI) 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.
On a month-over-month seasonally adjusted basis the average selling price was up slightly compared to April 2026 and the MLS® HPI Composite edged slightly lower.
“TRREB supports Bill 98, the Building Homes and Improving Transportation Infrastructure Act of 2026, which contains a simple but critical truth: if we want more attainable housing, we need to make it easier, faster, and less expensive to build homes. Many of the concrete measures contained in Bill 98 align with recommendations in TRREB’s recently released policy report, Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,” said TRREB Chief Executive Officer John DiMichele.
By Region
Toronto (GTA)
6,583 home sales through TRREB's MLS® in May — up 6.3% year-over-year and up 10% month-over-month on a seasonally adjusted basis. Average price landed at $1,069,700, down 4.6% versus May 2025 but slightly higher month-over-month. New listings (17,698) are down nearly 19% from a year ago.
Durham Region
770 home sales in May, up 12.2% from 686 in April. Average selling price $851,373, up 0.7% month-over-month. New listings rose 3.2% to 1,982, with homes selling in an average of 24 days on the market.
Peterborough City & County
205 sales in May, up 22.0% from 168 in April. Average selling price $712,970, up 10.6% month-over-month from $644,923 in April. New listings rose 21.8% to 553, with homes spending an average of 36 days on the market.
Northumberland County
128 home sales, up 24.3% from 103 in April. Average selling price softened to $695,364, down 2.6% from $714,267 in April. New listings increased 17.3% to 380, with homes spending an average of 42 days on the market.
Kawartha Lakes
115 sales in May, up 40.2% from 82 in April. Average selling price $699,674, down 1.9% from $713,225 in April. New listings rose 39.3% to 415, with homes spending an average of 35 days on the market.
