GTA Real Estate Market Update: May 2026
The GTA resale market recorded 6,583 sales in May 2026, with an average selling price of $1,069,700 and a median price of $910,000.
New listings came in at 17,698, while the sales-to-new-listings ratio was 35.7%. Active listings sat at 26,927, equal to roughly 4.8 months of inventory.
What the numbers mean
The sales-to-new-listings ratio points to buyer-friendly conditions, with inventory giving purchasers more choice and negotiating room.
For buyers, the key question is whether inventory is still giving enough choice in the specific city, property type, and price band you are targeting. For sellers, the question is whether your local competition is thinning or still giving buyers leverage.
GTA market snapshot
| Metric | Value |
|---|---|
| Sales | 6,583 |
| Average price | $1,069,700 |
| Median price | $910,000 |
| New listings | 17,698 |
| Sales-to-new-listings ratio | 35.7% |
| Active listings | 26,927 |
| Months of inventory | 4.8 |
| Avg. sale/list price | 98% |
| Avg. listing days on market | 27 |
Data source: Toronto Regional Real Estate Board (TRREB). This information is provided for general information only. HSR Team does not guarantee the accuracy, completeness, or timeliness of the data.
Buyer takeaway
If you are buying, do not treat the GTA number as your local market. Conditions can be very different between Toronto, Markham, Mississauga, Oakville, Durham, and other GTA communities. Use this update as the starting point, then compare it against your target neighbourhood and property type.
Seller takeaway
If you are selling, pricing still has to reflect current inventory and buyer choice. A stronger monthly sales number does not automatically mean every property can push price. The right strategy depends on local supply, recent comparable sales, days on market, and buyer activity in your exact segment.
Talk through the numbers
If you want to understand what these numbers mean for your move, Harpreet Sandhu and the HSR Team can walk you through the local data, current listings, and likely negotiation room.
