GTA Real Estate Market Report – June 2026

More Buyers Are Making Their Move

After a slower start to the year, the GTA market showed more life in May. Sales rose 6.3% year over year to 6,583, while new listings fell nearly 19% to 17,698. The average price reached $1,069,700, still down 4.6% from last year but up slightly from April.

For agents, the takeaway is buyer behaviour. After months of watching rates, trade tensions, and economic headlines, more buyers are starting to focus on what is available now rather than waiting for perfect conditions.

At the same time, active listings declined year over year, falling to 26,927 as inventory continued to be absorbed, creating a more balanced market in some areas. Buyers still have room to negotiate, especially where supply is higher, but the pace is changing.

Detached homes averaged $1,610,988 in May, while condo apartments averaged $673,841. Both remain below last year’s prices, with condos continuing to offer one of the more accessible entry points for buyers and investors..

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GTA Real Estate Market Report – May 2026