MAY 2026 UPDATE: GTA & DURHAM REGION REAL ESTATE MARKET
Posted by Dan Plowman on
May continued the trend of strengthening market conditions across the Greater Toronto Area as sales increased and inventory tightened compared to last year. While buyers still benefited from improved affordability and negotiating power, declining inventory levels suggest that competition is beginning to increase in many neighbourhoods as we move deeper into the spring market.
GTA Market Insights
GTA REALTORS® reported 6,583 home sales in May 2026, up 6.3% compared to May 2025. At the same time, new listings declined to 17,698 (↓ 18.9% year-over-year), continuing the tightening trend that has emerged throughout the spring.
The average selling price came in at $1,069,700, down 4.6% annually, while the MLS® HPI Composite benchmark declined 6.7%…
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