06/03/2026
The headlines will focus on one thing:
'Home prices are still down from last year.'
But that's only part of the story.
Here's what happened in the GTA housing market in May:
• Sales increased 6.3% year-over-year
• New listings dropped 18.9%
• Active inventory fell 13.3%
• Sales were up 10% month-over-month
• Prices increased from April
In other words:
More buyers.
Fewer listings.
Less inventory.
That's not what a weakening market looks like.
For most of 2025, the story was higher inventory and lower demand. Today, we're seeing the opposite. Inventory is being absorbed, buyers are becoming more active, and competition is increasing in many neighbourhoods.
The market isn't booming.
The market is tightening.
The question is no longer 'How much further can prices fall?'
The better question is:
What happens if sales keep rising while listings keep falling?
Swipe through for the full May 2026 GTA Market Update.
What are you seeing in your neighbourhood right now — more competition or more choice?