Market Update (May 2026 GTA / TRREB)

• New listings were down 18.9% compared to May 2025.
• Home sales increased 6.3% year-over-year.
• Sales were up 10% month-over-month compared to April 2026.
• New listings decreased 2.1% month-over-month.
• Market conditions are tightening as inventory is being absorbed.
• Competition between buyers has increased in some neighbourhoods.
• Average sale price: $1,069,700
• Average days on market: 27
• Average sale-to-list price ratio: 98%
• Months of inventory: 4.8
• Overall market status remains a buyer’s market.

Backyard Season Tips

• Create a defined outdoor seating area.
• Add layered lighting (string lights, solar lights, lanterns).
• Use plants at varying heights for visual interest.
• Refresh decks, patios, and walkways with a good cleaning.
• Add a focal point such as a fire bowl, water feature, or planter.
• Increase privacy with planters, lattice, or hedges.
• Keep the space clutter-free and functional.

Expert Commentary (TRREB)

• Spring sales have improved compared to last year.
• Lower home prices and borrowing costs have improved affordability.
• Sales are expected to continue improving through the second half of 2026.
• Further market recovery would benefit from positive trade developments and reduced geopolitical uncertainty.