06/08/2026
📈 GTA MARKET UPDATE – MAY 2026 🏡
The Greater Toronto Area housing market continued to tighten in May, showing signs of increasing buyer activity and improving market balance.
✅ Home sales were up 6.3% year-over-year, with 6,583 properties sold across the GTA.
✅ New listings declined by 18.9% compared to May 2025, reducing available inventory.
✅ On a seasonally adjusted basis, sales increased 10% from April while new listings decreased 2.1%, indicating strengthening market conditions.
While affordability remains improved compared to last year, with the average selling price sitting at $1,069,700 (down 4.6% year-over-year), inventory continues to be absorbed. As supply tightens and demand grows, competition among buyers is expected to increase, which could lead to more stable prices and future appreciation.
TRREB is forecasting continued improvement in sales activity throughout the second half of 2026, supported by lower borrowing costs and improving consumer confidence.
📊 Key May 2026 Stats:
🏠 6,583 GTA Home Sales (+6.3%)
📝 17,698 New Listings (-18.9%)
💰 Average Selling Price: $1,069,700 (-4.6%)
📉 MLS® HPI Benchmark: -6.7% Year-over-Year
If you’re considering buying, selling, or investing in today’s changing market, now is a great time to understand your options and develop a strategy that fits your goals.
📩 Reach out anytime for a personalized market update for your neighbourhood.
647-880-4827
BrandonVanTol.ca
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