Rob Jakab Toronto Homes

Hello Everyone,

Spring has finally arrived and with it, the 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. Improved affordability has been a key factor driving activity this spring. Lower home prices compared to last year, combined with reduced borrowing costs, have made homeownership more attainable.

In May, 6,583 homes were sold across the GTA, up 6.3% from a year ago. At the same time, available listings fell by 13.3%, with home sales increasing 10% month-over-month. This suggests that buyer demand is strengthening faster than new supply is entering the market. While home prices remain lower than they were a year ago, signs of stabilization are emerging. The average GTA home sold for $1,069,700 in May, down 4.6% year-over-year.

The condo market across the GTA continued to face downward pressure on prices as new unit completions added to available supply. Despite this, buyer confidence showed signs of improvement, with many purchasers returning to the market and driving condo sales up by nearly 8% compared to the previous year.

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.

If you're interested in learning where you're positioned in this market, Call Me For Clarity. I look forward to connecting with you soon.

Hi Everyone,

Let's take a look at what happened in April in the GTA real estate market:

Sales Activity: There were 5,946 resale transactions, a 7% increase over April 2025.

Inventory: New listings dropped 9.3% year-over-year. With sales outpacing new supply, inventory now sits at 4.2 months, moving us into a more balanced market.

Pricing: The average selling price was $1,051,969. While this is 4.9% lower than last year, prices actually edged up 3% from March 2026 on a seasonally adjusted basis.

What This Means for You:
Despite the year-over-year price dip, the monthly uptick suggests that competition is returning to certain neighbourhoods. With further stability in the global economy and trade sector, buying activity is expected to accelerate.

The Condo Spotlight:
Condo sales saw a notable 9% jump compared to last year, even as prices remained roughly 6.3% lower. We are seeing significant interest from first-time buyers and investors, who are looking to capitalize on current market conditions while interest rates remain steady.

Whether you are looking to take advantage of the current selection or are curious about how these tightening conditions affect your home’s value, I am here to help. Call Me For Clarity.

Just Sold!! ✨
60 Natalie Place

Well Planned.
Well Prepared.
Well Priced.
Well Profited.

Even in a slower real estate market, a great strategy pays off!

Your questions are always welcome.

Call Me for Clarity!