BURDI Real Estate

06/05/2026

🏡 GTA Market Update – May 2026 📊

The latest numbers from TRREB show that the GTA housing market continues to move toward a more balanced position compared to the past year.

Home sales increased 6.3% year-over-year in May, while new listings declined by 18.9%. This suggests that excess inventory is gradually being absorbed, although buyers continue to benefit from choice and negotiating leverage in many areas.

📈 By the Numbers
• 6,583 homes sold across the GTA (+6.3% vs. May 2025)
• 17,698 new listings (-18.9% vs. May 2025)
• Average selling price: $1,069,700 (-4.6% year-over-year)
• Sales were also up 10% month-over-month on a seasonally adjusted basis

While prices remain below last year's levels, the pace of decline has moderated, and market conditions appear to be stabilizing. Lower borrowing costs and improved affordability have encouraged more buyers back into the market this spring.

For buyers, there are still opportunities and room to negotiate. For sellers, properly priced homes continue to attract attention, particularly as available inventory gradually declines.

The market remains well below the intensity and competition experienced during the peak years, but current trends suggest a healthier balance between supply and demand than we've seen over the past 12 months.

If you're considering buying, selling, or investing, understanding what's happening in your specific neighbourhood is more important than ever—market conditions can vary significantly from one community to the next.

John Burdi, Broker
Your Trusted Local Expert
📞 416-918-1611
💻 www.burdirealestate.com

05/07/2026

🏡📊 GTA REALTORS ® Release April Stats

TORONTO, ONTARIO, May 5, 2026 – Home sales increased on a year-over-year basis in April 2026, while the supply of listings trended lower. This suggests that overall market conditions in the Greater Toronto Area (GTA) tightened during the first full month of spring. Despite tighter market conditions, selling prices edged lower on average compared to last year, as buyers continued to benefit from ample choice and negotiating power.

“We have experienced an uptick in home buying activity so far this spring. Buyers have taken advantage of more affordable housing market conditions on the back of lower home prices. If market conditions continue to tighten and home prices level off, this could be a signal to intending homebuyers who remain on the sidelines,” said TRREB President Daniel Steinfeld.

“Lower home prices and borrowing costs over the past year have been a catalyst for some homebuyers this spring. However, we still have a substantial amount of pent-up demand in the marketplace. More certainty on the trade front and an easing in geopolitical tensions would result in further improvements in market activity,” said TRREB’s Chief Information Officer Jason Mercer.

GTA REALTORS® reported 5,946 home sales through TRREB’s MLS® System in April 2026 – an increase of seven % compared to April 2025. New listings entered into the MLS® System amounted to 17,097– down by 9.3 % year- over-year.

On a seasonally adjusted basis, April 2026 home sales and new listings were up month-over-month compared to March 2026. Sales were up by a greater monthly rate than new listings, potentially suggesting more competition between buyers in some neighbourhoods.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 6.6 % year-over-year in April 2026. The average selling price, at $1,051,969, was down by 4.9 % compared to April 2025.

On a month-over-month seasonally adjusted basis the average selling price edged up compared to March 2026. The MLS® HPI Composite was flat over the same period.

“We recently released a major new housing policy report, ‘Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,’ outlining the next phase of provincial housing policy reforms needed to build more of the right types of homes and improve affordability for Ontarians. While historic progress has been made, we must continue the work of removing the decades of legislative and regulatory red tape, ... READ MORE ON MY WEBSITE

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com

04/10/2026

🏡📊 GTA REALTORS ® Release March Stats

TORONTO, ONTARIO, April 7, 2026 – Greater Toronto Area (GTA) resale housing market conditions tightened in March 2026 in comparison to last year. Sales were up year-over-year, while new listings were down. Selling prices were lower compared to March 2025 helping with affordability moving into the spring market.

“It’s encouraging to see an uptick in March home sales compared to last month and last year. This suggests that an increasing number of GTA households are looking to take advantage of improved affordability as we move into the spring market. Positive news on trade and geopolitical issues would help improve consumer confidence and home sales in the months ahead,” said TRREB President Daniel Steinfeld.

“Buyers continued to benefit from substantial negotiating power on price across major market segments in the last month. This explains why benchmark and average selling prices were down year-over-year. However, if market conditions continue to tighten, as they did in March, selling prices could start levelling off as we move through the remainder of 2026,” said TRREB Chief Information Officer Jason Mercer.

GTA REALTORS® reported 5,039 home sales through TRREB’s MLS® System in March 2026 – an increase of 1.7 % compared to March 2025. New listings entered into the MLS® System amounted to 14,442 – down by 16.7 % year-over-year.

On a seasonally adjusted basis, March 2026 home sales and new listings were up month-over-month compared to February 2026. Sales were up by a slightly greater monthly rate than new listings.
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 7.4 % year-over-year in March 2026. The average selling price, at $1,017,796, was down by 6.7 % compared to March 2025.

On a month-over-month seasonally adjusted basis selling prices remained relatively flat, with the MLS® HPI Composite edging down and the average selling price edging up compared to February 2026.

“The GTA housing supply pipeline is in danger of running dry in the medium-to-long term. The federal and provincial governments announcements on HST and development charge relief were important affordability policy initiatives designed to spur new home sales and construction. It will be important to ensure that the right types of homes are built, namely ‘missing middle’ home types bridging the gap between condos and traditional single-... READ MORE ON MY WEBSITE

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com

03/15/2026

03/06/2026

🏡📊 GTA REALTORS® Release FEBRUARY 2026 Stats

TORONTO, ONTARIO, March 5, 2026 – Greater Toronto Area (GTA) resale housing market conditions tightened in February 2026 compared to February 2025. While sales were down year-over-year, new listings declined by a greater annual rate. The dip in new listings is in line with recent polling results from Ipsos which show listing intentions are down for 2026.

“Many would-be homebuyers are waiting for selling prices to level off before moving into the market. If new listings continue to trend lower through the spring, competition between homebuyers will increase, supporting home prices and a recovery in sales,” said TRREB President Daniel Steinfeld.

“There is substantial pent-up demand in the GTA ownership market, with more than 100,000 buyers holding off on making a home purchase. Buyers are waiting for selling prices to level off and for positive news on the trade front. Once we see both, there could be substantial momentum driving home sales in the second half of this year and into 2027,” said TRREB Chief Information Officer Jason Mercer.

GTA REALTORS® reported 3,868 home sales through TRREB’s MLS® System in February 2026 – down by 6.3 % compared to February 2025. New listings entered into the MLS® System amounted to 10,705 – down by 17.7 % year-over-year.

On a seasonally adjusted basis, February home sales and new listings were down month-over-month compared to January 2026. New listings were down by a greater monthly rate than sales.
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 7.9 % year-over-year in February 2026. The average selling price, at $1,008,968, was down by 7.1 % compared to February 2025.

On a month-over-month seasonally adjusted basis both the MLS® HPI Composite and the average selling price were down compared to January 2026 figures.

“The long-term sustainability of the GTA housing market depends upon the industry’s ability to bridge the gap between condominium apartments and traditional single-family homes. TRREB, with its partners in the Housing Advancement Coalition, is urging the Federal and Provincial Governments to take immediate targeted action to pave the way for increased ‘missing middle’ home construction,” said TRREB Chief Executive Officer John DiMichele.

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com

02/09/2026

🏡📊 GTA REALTORS® Release JANUARY 2026 Stats

There were 3,082 home sales reported in January 2026 – down by 19.3 % compared to January 2025. New listings entered into the MLS® System amounted to 10,774 – down by 13.3 % year- over-year.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by eight % year- over-year in January 2026. The average selling price, at $973,289, was down by 6.5 % compared to January 2025.

On a seasonally adjusted basis, January 2026 home sales were down month-over-month compared to December 2025, while new listings were up slightly. Both the MLS® HPI composite and average price trended lower compared to December.

The 2026 TRREB Market Outlook and Year in Review Report is now available. The report covers all aspects of the GTA real estate market, including trends for new homes and condominiums, as well as a review of the commercial real estate market.

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com

01/13/2026

🏡📊 GTA REALTORS® Release DECEMBER 2025 Stats

Annual Greater Toronto Area (GTA) home sales declined in 2025 compared to 2024, as economic uncertainty weighed on consumer confidence. Over the same period, listing inventory remained elevated, allowing for selling prices to be negotiated downward, helping improve affordability.

“The GTA housing market became more affordable in 2025 as selling prices and mortgage rates trended lower. Improved affordability has set the market up for recovery. Once households are convinced that the economy and labour market are on a solid footing, sales will increase as pent-up demand is satisfied,” said Toronto Regional Real Estate Board (TRREB) President Daniel Steinfeld.

For calendar year 2025, GTA REALTORS® reported 62,433 home sales through TRREB’s MLS® System – down by 11.2 % compared to 2024. New listings amounted to 186,753 – up by 10.1 % year-over-year. The annual average selling price in 2025 was $1,067,968 – down by 4.7 % compared to $1,120,241 in 2024.

There were 3,697 home sales reported in December 2025 – down by 8.9 % compared to December 2024. New listings entered into the MLS® System amounted to 5,299 – up by 1.8 % year-over-year.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 6.3 % year-over-year in December 2025. The average selling price, at $1,006,735, was down by 5.1 % compared to December 2024. On a seasonally adjusted basis, December home sales were down slightly month-over-month compared to November 2025, while new listings were up. The MLS® HPI composite trended slightly lower compared to November while the average selling price edged higher.

“Reaffirmed trade relationships and large-scale domestic economic development projects will be key for improved home sales moving forward. GTA households must be confident in their employment situation before committing to long-term monthly mortgage payments, even in this more affordable market,” said TRREB Chief Information Officer Jason Mercer.

“We urge governments at all levels to take action now to provide tax relief for consumers and help ease the rising cost of living. Families and individuals need financial breathing room so they can afford a home or apartment and meet their basic needs. Fair and responsible tax policies can put more money back into people’s pockets, restore consumer confidence, and rebuild trust in the economy. These actions are essential to support stable households and create an economy that works for everyone,” said TRREB CEO John DiMichele.

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com

12/11/2025

🏡📊 GTA REALTORS® Release OCTOBER 2025 Stats

Greater Toronto Area (GTA) home sales, new listings, and average selling price were down compared to a year earlier in November 2024. Intending homebuyers remained on the sidelines awaiting more positive economic news.

“There are many GTA households who want to take advantage of lower borrowing costs and more favourable selling prices. What they need most is confidence in their long-term employment outlook. Fortunately, we saw encouraging news on jobs and the broader economy in November. If this positive momentum continues, consumer confidence will strengthen, and more people will be in a position to consider purchasing a home in 2026,” said TRREB President Elechia Barry-Sproule.

GTA REALTORS® reported 5,010 home sales through TRREB’s MLS® System in November 2025 – down by 15.8 % compared to November 2024. New listings entered into the MLS® System amounted to 11,134 – down by four % year-over-year.
On a seasonally adjusted basis, November home sales were down slightly month-over-month compared to October 2025. New listings also edged lower compared to October.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.8 % year-over-year in November 2025. The average selling price, at $1,039,458, was down by 6.4 % compared to November 2024. On a month-over-month seasonally adjusted basis both the MLS® HPI Composite and the average selling price remained close to October figures. The MLS® Composite was down slightly, whereas the average selling price edged up.

“November reports on employment and economic growth were much stronger than expected. The Canadian economy may be weathering trade-related headwinds better than expected. More certainty on the trade front coupled with positive economic impacts of recently announced infrastructure projects could improve homebuyer confidence moving forward,” said TRREB Chief Information Officer Jason Mercer.

“Homebuyers are currently benefitting from a well-supplied resale market. However, as this inventory is absorbed, new construction is required to fill the housing pipeline. It will be key to see projects that bridge the gap between condominium apartments and traditional single-family homes. Home construction results in large economic benefits that would help in today’s economic climate,” said TRREB CEO John DiMichele. “All three levels of government should offer further incentives to build more homes for Ontarians.”

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com

11/06/2025

🏡📊 GTA REALTORS® Release OCTOBER 2025 Stats

TORONTO, ONTARIO, November 5, 2025 – Home sales in the Greater Toronto Area (GTA) were down year-over- year in October, while new listings were up. Market conditions continued to favour homebuyers, as average selling prices were negotiated down alongside lower mortgage rates.

“Buyers who are confident in their employment situation and ability to make their mortgage payments over the long term are benefitting from affordable housing market conditions relative to the past few years. However, many intending homebuyers remain on the sidelines due to uncertainty about their economic future,” said TRREB President Elechia Barry-Sproule.

GTA REALTORS® reported 6,138 home sales through TRREB’s MLS® System in October 2025 – down by 9.5 % compared to October 2024. New listings entered into the MLS® System amounted to 16,069 – up by 2.7 % year-over-year.

On a seasonally adjusted basis, October home sales were down month-over-month compared to September 2025. New listings were also down compared to September.

The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by five % year-over-year in October 2025. The average selling price, at $1,054,372, was also down by 7.2 % compared to October 2024.

On a month-over-month seasonally adjusted basis, the MLS® HPI Composite was essentially flat compared to
September. The average selling price was down compared to September.

“The monthly mortgage payment for an average-priced GTA home continued to trend lower in October, benefitting from both lower borrowing costs, and lower selling prices. This means more buyers can now afford to purchase a
home that meets their housing needs. Once we have more certainty on the economic front, including trade with the U.S. and China, home sales should increase,” said TRREB Chief Information Officer Jason Mercer.

“Housing is essential economic infrastructure. As the population continues to grow, innovation and private capital are required to accelerate new construction across all housing types. Governments can help by modernizing tax rules, cutting buyer costs, and ending exclusionary zoning. Working together, we can rebuild confidence, create jobs, and deliver the homes Ontarians need. We have to act now,” said TRREB CEO John DiMichele.

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com

10/08/2025

🏡📊 GTA REALTORS® Release SEPTEMBER 2025 Stats

TORONTO, ONTARIO, October 3, 2025 – September home sales increased in the Greater Toronto Area (GTA) compared to a year earlier, as more homebuyers sought to take advantage of more affordable monthly mortgage payments. Buyers continued to respond to substantial choice in the marketplace by negotiating the average selling price downward.

“The Bank of Canada’s September interest rate cut was welcome news for homebuyers. With lower borrowing costs, more households are now able to afford monthly mortgage payments on a home that meets their needs. Increased home purchases will also stimulate the economy through housing-related spin-off spending helping to offset the impact of ongoing trade challenges,” said Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule.

GTA REALTORS® reported 5,592 home sales through TRREB’s MLS® System in September 2025 – up by 8.5 % compared to September 2024. New listings entered into the MLS® System amounted to 19,260 – up by four % year-over-year.

On a seasonally adjusted basis, September home sales were up month-over-month compared to August 2025. In contrast, new listings were down compared to August, suggesting that market conditions may have tightened slightly in some segments. The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 5.5 % year-over-year in September 2025. The average selling price, at $1,059,377, was also down by 4.7 % compared to September 2024.

On a month-over-month seasonally adjusted basis, the MLS® HPI Composite dipped by 0.5 % compared to August. The average selling price remained largely flat compared to August, edging up by 0.2 %. “While home sales have improved over the past year, they still remain below normal levels relative to the number of households in the GTA. Two more 25-basis-point interest rate cuts by the Bank of Canada would see monthly mortgage payments move more in line with homebuyers’ average incomes, further spurring home sales and related economic activity,” said TRREB Chief Information Officer Jason Mercer.

John Burdi, Broker
Your Trusted, Local Expert
📞416-918-1611
💻 www.burdirealestate.com