Toronto Real Estate May 2026

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

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

Toronto Real Estate Market: Review of 2025 and Future Outlook A seasonal rebound is underway, with 5,039 transactions

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: 2026-2027 Forecast Forecasters are divided on the speed

The Toronto real estate market in April 2026 is currently in a state of , characterized by a seasonal lift in activity despite significant year-over-year price corrections. While sales in the Greater Toronto Area (GTA) saw a modest 1.7% increase compared to last year, the average home price of $1,017,796 remains approximately 6.9% lower than it was in March 2025. Current Market Dynamics (April 2026)

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