06/08/2026
May 2026 Market Report | GTA
The GTA housing market continues to gain momentum.
May saw 6,583 sales across the GTA, marking a 6.3% increase year-over-year, while new listings declined by 18.9%, signaling a notable tightening in market conditions. As inventory continues to be absorbed and buyer activity strengthens, competition is beginning to increase across many neighbourhoods.
At the same time, pricing remains strategic. The average selling price sits at $1,069,700, down 4.6% year-over-year, giving buyers continued opportunities to negotiate while affordability remains improved compared to last spring.
What does this mean?
Buyers are returning to the market with greater confidence, supported by lower borrowing costs and more favorable pricing. However, as inventory levels continue to tighten and demand strengthens, today's opportunities may not remain available for long.
This is a market that rewards preparation, timing, and expert guidance.