Toronto Real Estate May 2026

The market is widely considered , with inventory levels tightening but high relative to current demand.

New listings dropped by 16.7% year-over-year, which is beginning to tighten the supply of low-rise homes. TORONTO REAL ESTATE

Performance remains uneven across different segments, with the condo market facing the most significant pressure. Property Type Avg. Sold Price (Mar 2026) 12-Month Change Market Status $1,342,375 Balanced, shifting to Seller Semi-Detached $1,008,246 Townhouse Buyer-leaning Condo Apartment Balanced to Buyer Data sourced from WOWA.ca and TRREB . Key Trends & Economic Drivers The market is widely considered , with inventory

A seasonal rebound is underway, with 5,039 transactions in March 2026, marking a 30.3% increase from February. Property Type Avg

The provincial government has introduced HST and development charge relief to spur construction, though TRREB reports these savings have yet to significantly lower prices for end buyers. 2026-2027 Forecast Forecasters are divided on the speed of recovery:

High inventory levels persist in the condo sector, leading to a trend where unsold units are being absorbed for rental conversions under initiatives like the $1.3 billion GTA Rental and Affordable Housing Initiative .