06/05/2026
📊 GTA Market Update | May 2026
Home sales reached 6,583 in May, up 6.3% from last year. At the same time, new listings dropped to 17,698, down 18.9% year-over-year. 🏡
Even more interesting? Sales jumped 10% compared to April, while new listings slipped another 2.1%. That means buyers are becoming more active while available inventory continues to tighten.
The average selling price came in at $1,069,700, still 4.6% below last year. But with inventory being absorbed and competition increasing in some neighbourhoods, market conditions are gradually shifting.
Is this the beginning of a stronger second half for the GTA housing market? Share your thoughts below. 👇