In May 2026, GTA home sales rose 6.3% year-over-year while average prices dipped 4.6% compared to last year. Both sales and prices improved from April, and active listings sat 13.3% below May 2025, pointing to a market that keeps tightening as spring turns to summer.
Semi-detached and detached held up best, down 2.9% and 4.7% from last year on scarce supply and steady end-user demand. Condos and townhouses lagged at 6.4% and 7.1% below, with the condo market's heavy supply a likely drag. Month over month, semis led at +3.3%.
Buyers still hold some negotiating room with average days on market at 42, up from 39 last year. With the Bank of Canada steady at 2.25% and pent-up demand on the sidelines, firming sales against shrinking supply could nudge prices higher through the summer.