May 2026 Market Update

Market Update

MEET OUR TEAM

Your Trusted Real Estate Advisors

GTA REALTORS RELEASE MAY STATS TORONTO, ONTARIO, June 3, 2026 – 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.

Source: TRREB Market Watch

“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-overyear 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.

Source: TRREB Market Watch

GTA MARKET UPDATE

Year-Over-Year Summary May 2026

2026

2025

% CHANGE

SALES

6,583

6,195

6.3%

NEW LISTINGS

17,698

21,830

-18.9%

ACTIVE LISTINGS

26,927

31,047

-13.3%

AVERAGE PRICE

$1,069,700

$1,120,716

-4.6%

AVERAGE PROPERTY DAYS ON MARKET

42

39

7.7%

Sales

Average Price

416

905

416

905

Detached YoY % Change

846 8.9%

2,390 9.0%

$1,610,988 -6.5%

$1,268,625 -3.9%

Semi-Detached YoY % Change

283 2.5%

325 -3.6%

$1,293,268 -0.6%

$871,230 -6.7%

Townhouse YoY% Change

222 -17.5%

892 12.3%

$953,982 -5.5%

$812,392 -6.6%

Condo Apartment YoY % Change

1,009 4.2%

526 4.2%

$673,841 -5.0%

$573,531 -9.5%

Source: TRREB Market Watch

Source: TRREB Market Watch

MISSISSAUGA MARKET UPDATE AVERAGE HOME PRICE

NEW LISTINGS

$971,047

1,582

PROPERTY DAYS ON MARKET

MONTHS OF INVENTORY

YEAR OVER YEAR % CHANGE

45

4.34

-7.96%

Source: TRREB Market Watch

TORONTO MARKET UPDATE AVERAGE HOME PRICE

NEW LISTINGS

$1,108,292

6,401

PROPERTY DAYS ON MARKET

MONTHS OF INVENTORY

YEAR OVER YEAR % CHANGE

40

4.17

-5.40%

Source: TRREB Market Watch

BURLINGTON MARKET UPDATE OAKVILLE MARKET UPDATE AVERAGE HOME PRICE AVERAGE HOME PRICE

NEW LISTINGS NEW LISTINGS

$1,000,032 $1,559,052

119 792

PROPERTY DAYS ON MARKET PROPERTY DAYS ON MARKET 53

MONTHS OF INVENTORY MONTHS OF INVENTORY 3.86

51

4.08

Source: Source:TRREB TRREBMarket Market Watch Watch

YEAR OVER YEAR % CHANGE YEAR OVER YEAR % CHANGE

-0.20% -5.85%

BURLINGTON MARKET UPDATE AVERAGE HOME PRICE

NEW LISTINGS

$1,126,148

606

PROPERTY DAYS ON MARKET

42

MONTHS OF INVENTORY

YEAR OVER YEAR % CHANGE

3.00

-3.55%

Source: TRREB Market Watch

MILTON MARKET UPDATE AVERAGE HOME PRICE

NEW LISTINGS

$977,732

399

PROPERTY DAYS ON MARKET

MONTHS OF INVENTORY

YEAR OVER YEAR % CHANGE

38

3.33

-4.92%

Source: TRREB Market Watch

VAUGHAN MARKET UPDATE AVERAGE HOME PRICE

NEW LISTINGS

$1,179,718

821

PROPERTY DAYS ON MARKET

MONTHS OF INVENTORY

YEAR OVER YEAR % CHANGE

41

4.25

-8.47%

Source: TRREB Market Watch

DURHAM MARKET UPDATE AVERAGE HOME PRICE

NEW LISTINGS

$851,065

1,978

PROPERTY DAYS ON MARKET

MONTHS OF INVENTORY

YEAR OVER YEAR % CHANGE

37

3.19

-6.84%

Source: TRREB Market Watch

FEATURED PROPERTIES

CLICK HERE TO VIEW THE TB REALTY GROUP LISTINGS

FOR SALE - MISSISSAUGA

FOR SALE - MISSISSAUGA

FOR SALE - MISSISSAUGA

FOR SALE - OAKVILLE

FOR SALE - TORONTO

FOR SALE - TORONTO

FOR SALE - TORONTO

FOR SALE - TORONTO

FOR SALE - HAMILTON

FOR SALE - HAMILTON

FOR LEASE - HAMILTON

FOR LEASE - OAKVILLE

F

TESTIMONIALS

CLICK ON THE STARS TO SEE MORE TESTIMONIALS

Working with Theresa and Lindsay on the sale of my condo in Port Credit proved to be the right choice.

They provided a prompt and well informed view of the market, provided excellent guidance on pricing and staged the unit to significantly improve its marketability. They provided excellent comments and worked with me to develop an offer response that ultimately got a deal done.

I would highly recommend Theresa and Lindsay and look forward to working with them again.

- Mitch