Welcome to this month’s market update!

The Greater Toronto Area housing market continued to gain momentum in May, building on the positive activity we saw throughout the spring. Sales increased, prices moved higher, and homes are selling slightly faster, all while buyers continue to benefit from a growing selection of available properties.

Current Market Conditions

May recorded 6,583 home sales across the GTA, up from 5,946 sales in April which is 6.3% higher than this time last year. This continued increase in activity is a strong indicator that buyers are taking advantage of current conditions.

The average home price reached $1,069,700, up almost $10,000 more than the previous month. While prices are trending upwards, they remain below the May 2025 average of $1,120,716.

The MLS Home Price Index Composite benchmark remained down 6.7% year-over-year, showing that while values are stabilizing, there is still room for recovery.

Homes also sold slightly faster in May, with average days on market improving to 42 days compared to 43 days in April.

Link below for previous Toronto Housing Market Reports

• Toronto Housing Market Report – May 2026
• Toronto Housing Market Report – April 2026
• Toronto Housing Market Report – March 2026

Demand and Interest Rates

Buyer activity continues to strengthen as more consumers become comfortable with the current interest rate environment. In its most recent announcement on April 29, the Bank of Canada held its overnight rate steady at 2.25%, providing buyers with continued stability and predictability as they plan their next move

Demand remains strongest for homes that are priced appropriately, show well, and are located in desirable neighbourhoods. Today’s buyers are informed, strategic, and value driven. While they are taking the time to evaluate their options, they are prepared to act quickly when the right property comes to market.

As confidence continues to build, many buyers are recognizing that current market conditions offer a unique opportunity to enter the market before increased competition potentially returns later in the year.

Important: Next Rate Announcement scheduled for June 10, 2026,

Supply of Homes

Inventory continues to rise, providing buyers with more options than they have seen in recent years. Active listings increased to 26,927 in May, up from 25,110 from the previous month. This growing supply is helping create a more balanced market and giving buyers additional negotiating power.

For buyers, more inventory means greater choice, less pressure, and the ability to compare properties carefully before making a decision.

For sellers, increased competition means strategy matters more than ever. Accurate pricing, professional marketing, and strong presentation remain critical to attracting attention and maximizing results.

Have any Questions: Ask us how to maximize your home’s value and showcase it to stand out in today’s market!

Market Outlook

The GTA housing market continues to move in a positive direction. Inventory levels remain elevated enough to provide buyers with opportunities that have not been available for several years. This combination of improving demand and healthy supply is creating favourable conditions for both buyers and sellers.

For sellers, motivated buyers are active, but success depends on positioning your property correctly from day one. The strongest opportunities may belong to those who act before the market becomes even more competitive.

Key Takeaways

• Home Sales: 5,946 (April) → 6,583 (May) | +6.3% YoY
• Active Listings: 25,110 → 26,927
• Average Price: $1,051,969 → $1,069,700
• MLS® HPI Composite Benchmark: -6.7% YoY
• Days on Market: 43 → 42 days
• Interest rates: holding at ~2.25%