Move Up Toronto Real Estate Team

📊 GTA Real Estate Market Update – May 2026

The Greater Toronto Area housing market showed renewed momentum in May, with more homes changing hands and fewer properties coming to market compared to the same time last year.

This shift is gradually bringing the market back into balance after an extended period of elevated inventory. As buyers absorb available homes, competition has started to increase in some communities, which could help stabilize prices and set the stage for future growth.

🏡 Key Highlights:

• 6,583 homes sold across the GTA, up 6.3% year-over-year
• Available listings decreased by 13.3%
• Home sales increased 10% compared to April
• New listings declined slightly month-over-month
• Average GTA home price: $1,069,700
• Average price down 4.6% year-over-year, but slightly higher than April

Improved affordability has been a key driver this spring. Lower home prices and reduced borrowing costs have made homeownership more attainable for many buyers who were waiting on the sidelines.

Looking ahead, if current trends continue and buyer demand strengthens through the second half of the year, prices could level off and begin to rise heading into 2027. Lower interest rates, greater economic certainty, and positive developments on trade and geopolitical issues may further support the market.

🏢 Condo Market Update:

The condominium market continues to face downward pressure on prices as new unit completions add to available supply. However, buyer confidence is improving, with condo sales increasing nearly 8% year-over-year. Better affordability and lower borrowing costs are encouraging more buyers to re-enter the market.

For buyers, today’s market still offers choice and negotiating power.

For sellers, improving demand and declining inventory levels may create more favourable conditions as the year progresses.

Questions about the market or your home’s value? Feel free to reach out!

The wait is over. FIFA World Cup 26™ officially kicks off on June 12th, and Toronto is about to take centre stage.
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Over the coming weeks, millions of fans, visitors, and residents will be moving through the city as Toronto hosts six World Cup matches and the FIFA Fan Festival™.

That means more crowds, increased transit service, road closures in key areas, and a city buzzing with energy from coast to coast.

Whether commuting to work, heading downtown, or taking in the festivities, a little planning can make a big difference.

Public transit, walking, and cycling are expected to be the fastest and most reliable ways to get around during the tournament.

Swipe through for a quick guide to navigating Toronto during one of the biggest global events in the city’s history.

Know someone commuting, working, or visiting downtown this summer? Share this guide before kickoff!

Real estate decisions are often focused on current needs, but the strongest strategies also consider what life may look like years from now.
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Changes in lifestyle, family dynamics, work flexibility, commuting patterns, and financial goals can all influence whether a home continues to support day-to-day living over time.

Re-evaluating housing needs regularly can help create a clearer understanding of future priorities and opportunities.

The best real estate decisions are rarely just about today, they’re about positioning for what comes next.
DM to discuss your goals!

JUST LISTED! 📍105 Gloucester Street.
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Rarely Available One Bedroom Plus Den Loft in Grand Victorian Home! A Very Unique Layout With Spectacular Soaring High Vaulted Ceilings And Skylight On The Top Floor Of Downtown Converted Home. This Residence Includes A Large Bedroom, A Large Loft Area That Can Be Used As An Office/Guest Bedroom, Kitchen Island, Dishwasher, Ventless Washer/Dryer Combo And A Large Private Deck Ready To Go For The Summer Months & More! This Unit Is Centrally Located With A 5 Min Walk To The Subway And 10 Min Walk To Yonge & Bloor/ Yorkville.

💰Asking: $2,995/month
*3rd Floor Suite*

📲📞DM if you or anyone you know is interested in a private showing!



Move Up Toronto Real Estate Team

Celebrating the people who nurture, support, and inspire, today and every day.
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Mother’s Day is a meaningful opportunity to recognize the many forms of care, guidance, and strength that shape lives and communities.

Take a moment to show appreciation. Tag someone who deserves a special thank you today!