Average price — Mean sale price across all transactions. Sensitive to the mix of homes that sold.
$1,069,700
MoM +$17,731 +1.7% up $17,731, 1.7% versus April 2026 YoY −4.6% down 4.6% versus May 2025
Source: TRREB MarketWatch, May 2026
Greater Toronto Area · TRREB MarketWatch
GTA Real Estate Market Report
May 2026
In May 2026 the average selling price across the Greater Toronto Area edged up 1.7% to $1,069,700 versus April 2026, and sales jumped 10.7% to 6,583.
Headline indicators
All TRREB areas · all home types
Median price — The midpoint sale price. Less affected by a few very high or low sales than the average.
$910,000
MoM +$30,000 +3.4% up $30,000, 3.4% versus April 2026 YoY −4.7% down 4.7% versus May 2025
MLS® HPI benchmark — Quality-adjusted price for a typical home. The cleanest like-for-like price signal.
$946,500
MoM +$2,400 +0.3% up $2,400, 0.3% versus April 2026 YoY −6.7% down 6.7% versus May 2025
Sales — Firm transactions reported through the MLS® System during the month.
6,583
MoM +637 +10.7% up 637, 10.7% versus April 2026 YoY +5.4% up 5.4% versus May 2025
Dollar volume — Total value of all sales in the month.
$7.04B
MoM +$786,826,332 +12.6% up $786,826,332, 12.6% versus April 2026 YoY +0.6% up 0.6% versus May 2025
New listings — Properties newly listed during the month.
17,698
MoM +601 +3.5% up 601, 3.5% versus April 2026 YoY −18.9% down 18.9% versus May 2025
Active listings — Listings available at month end.
26,927
MoM +1,817 +7.2% up 1,817, 7.2% versus April 2026 YoY −13.0% down 13.0% versus May 2025
Avg. LDOM — Average days on market for the current listing. Not reported before 2020.
27
MoM −2 days −6.9% down 2 days, 6.9% versus April 2026 YoY +8.0% up 8.0% versus May 2025
Avg. PDOM — Average days on market across the property’s consecutive listings. Not reported before 2020.
42
MoM −1 day −2.3% down 1 day, 2.3% versus April 2026 YoY +7.7% up 7.7% versus May 2025
Avg. SP/LP — Average sale price as a share of list price. Above 100% means competing offers were common.
98%
MoM no change no change versus April 2026 YoY −1.0% down 1.0% versus May 2025
SNLR — Sales-to-new-listings ratio, computed here from this month’s counts. Below 40% favours buyers, above 60% favours sellers.
37.2%
MoM +2.4 pp +7.0% up 2.4 pp, 7.0% versus April 2026 YoY +30.0% up 30.0% versus May 2025
Months of inventory — Active listings divided by monthly sales — how long the current stock would take to sell. Computed here, not TRREB’s trend figure.
4.1
MoM −0 −3.1% down 0, 3.1% versus April 2026 YoY −17.5% down 17.5% versus May 2025
The month in 60 seconds
- Across all TRREB areas, sales jumped 10.7% to 6,583 versus April 2026.
- Across all TRREB areas, active listings rose 7.2% to 26,927 versus April 2026.
- Across all TRREB areas, new listings rose 3.5% to 17,698 versus April 2026.
- Across all TRREB areas, the median selling price rose 3.4% to $910,000 versus April 2026.
- Across all TRREB areas, the average selling price edged up 1.7% to $1,069,700 versus April 2026.
Generated from the figures above. Ordered by size of month-over-month move.
Economy
Indicators published with this edition
Real GDP growth
-0.6%
Q4 2025
Toronto employment growth
-0.3%
March 2026
Toronto unemployment rate
8.1%
March 2026
Inflation (CPI, year-over-year)
2.4%
March 2026
Bank of Canada overnight rate
2.3%
April 2026
Prime rate
4.5%
April 2026
1-year mortgage rate
5.49%
April 2026
3-year mortgage rate
6.05%
April 2026
5-year mortgage rate
6.09%
April 2026
By home type
All TRREB areas
| Home type | Sales | MoM | Average price | MoM | YoY |
|---|---|---|---|---|---|
| Detached | 3,236 | +477 +17.3% up 477, 17.3% versus April 2026 | $1,358,131 | −$14,557 −1.1% down $14,557, 1.1% versus April 2026 | −4.7% down 4.7% |
| Semi-detached | 608 | +45 +8.0% up 45, 8.0% versus April 2026 | $1,067,672 | +$34,203 +3.3% up $34,203, 3.3% versus April 2026 | −2.8% down 2.8% |
| Att/row/townhouse | 663 | +97 +17.1% up 97, 17.1% versus April 2026 | $916,474 | −$22,723 −2.4% down $22,723, 2.4% versus April 2026 | −8.0% down 8.0% |
| Condo townhouse | 451 | +32 +7.6% up 32, 7.6% versus April 2026 | $729,081 | +$24,234 +3.4% up $24,234, 3.4% versus April 2026 | −4.5% down 4.5% |
| Condo apartment | 1,535 | −18 −1.2% down 18, 1.2% versus April 2026 | $639,468 | +$3,815 +0.6% up $3,815, 0.6% versus April 2026 | −6.4% down 6.4% |
| Link | 72 | +11 +18.0% up 11, 18.0% versus April 2026 | $925,031 | −$7,772 −0.8% down $7,772, 0.8% versus April 2026 | −2.4% down 2.4% |
| Co-op apartment | 5 | −1 −16.7% down 1, 16.7% versus April 2026 | $705,500 | +$254,167 +56.3% up $254,167, 56.3% versus April 2026 | +43.7% up 43.7% |
| Detached condo | 8 | no change no change versus April 2026 | $915,000 | −$2,438 −0.3% down $2,438, 0.3% versus April 2026 | −2.2% down 2.2% |
| Co-ownership apartment | 5 | −6 −54.5% down 6, 54.5% versus April 2026 | $462,100 | +$17,782 +4.0% up $17,782, 4.0% versus April 2026 | −2.9% down 2.9% |
Average price by home type
13 months to May 2026
| Month | Detached | Semi-detached | Att/row/townhouse | Condo townhouse | Condo apartment |
|---|---|---|---|---|---|
| May '25 | 1425264 | 1098447 | 995662 | 763172 | 683413 |
| Jun '25 | 1392033 | 1089751 | 965792 | 761106 | 696424 |
| Jul '25 | 1361660 | 1041359 | 929524 | 743469 | 651483 |
| Aug '25 | 1312240 | 980102 | 946395 | 739341 | 642195 |
| Sep '25 | 1359030 | 1015543 | 947928 | 747658 | 655231 |
| Oct '25 | 1355506 | 1033770 | 935042 | 735123 | 660208 |
| Nov '25 | 1346017 | 997499 | 913078 | 718191 | 663290 |
| Dec '25 | 1302980 | 957357 | 972915 | 723920 | 628029 |
| Jan '26 | 1277915 | 945967 | 914738 | 697599 | 604759 |
| Feb '26 | 1325654 | 1027376 | 930779 | 748500 | 626650 |
| Mar '26 | 1342375 | 1008246 | 931740 | 739365 | 620479 |
| Apr '26 | 1372688 | 1033469 | 939197 | 704847 | 635653 |
| May '26 | 1358131 | 1067672 | 916474 | 729081 | 639468 |
Movers this month
Ranked across 55 of the 55 required areas · minimum 10 sales to qualify
Average price, month-over-month
Top 5
- Toronto W08 +21.5% up 21.5%
- Toronto E06 +21.3% up 21.3%
- Toronto W09 +20.2% up 20.2%
- Toronto C04 +18.9% up 18.9%
- Toronto W04 +16.8% up 16.8%
Bottom 5
- Toronto C03 −24.5% down 24.5%
- Toronto C12 −22.4% down 22.4%
- Toronto C11 −19.2% down 19.2%
- Toronto C02 −16.6% down 16.6%
- Toronto C13 −13.0% down 13.0%
Sales, month-over-month
Top 5
- Brock +260.0% up 260.0%
- Scugog +52.4% up 52.4%
- Toronto C07 +51.9% up 51.9%
- Toronto C14 +48.6% up 48.6%
- Toronto E03 +48.4% up 48.4%
Bottom 5
- Toronto E08 −43.8% down 43.8%
- Toronto E11 −27.5% down 27.5%
- East Gwillimbury −27.3% down 27.3%
- Toronto C03 −26.2% down 26.2%
- Toronto W06 −24.8% down 24.8%
Areas below the sales threshold are excluded — with a handful of sales, a couple of transactions can invent a swing that is not a market move.
Market balance
Sales-to-new-listings and months of inventory, computed from this month’s counts
All TRREB areas
SNLR
37.2%
prior month 34.8%
Months of inventory
4.1
All TRREB areas reads differently on the two balance measures — a buyer's market at 37.2% sales-to-new-listings, but balanced conditions at 4.1 months of inventory. They measure different things, so the split is worth noting.
City of Toronto (416)
SNLR
37.1%
prior month 37.7%
Months of inventory
4.2
City of Toronto (416) reads differently on the two balance measures — a buyer's market at 37.1% sales-to-new-listings, but balanced conditions at 4.2 months of inventory. They measure different things, so the split is worth noting.
905 total
SNLR
37.2%
prior month 33.1%
Months of inventory
4.0
905 total reads differently on the two balance measures — a buyer's market at 37.2% sales-to-new-listings, but balanced conditions at 4.0 months of inventory. They measure different things, so the split is worth noting.
These are computed here from the month’s raw counts. TRREB also publishes its own trend-smoothed SNLR and months-of-inventory figures, which are shown separately on the area pages and are not the same measure.
Where I work
Downtown TorontoMidtownScarboroughYork RegionDurham Region
Downtown
$788,527
- Sales
- 456
- SNLR
- 35.4%
- MOI
- 4.9
Aggregated across 2 districts · View →
Midtown
$1,720,954
- Sales
- 310
- SNLR
- 35.7%
- MOI
- 4.3
Aggregated across 6 districts · View →
Scarborough
$850,962
- Sales
- 337
- SNLR
- 34.0%
- MOI
- 4.5
Aggregated across 8 districts · View →
York Region
$1,177,330
- Sales
- 1,183
- SNLR
- 35.6%
- MOI
- 4.4
Region total · View →
Durham Region
$851,065
- Sales
- 804
- SNLR
- 40.6%
- MOI
- 3.2
Region total · View →
Average price for a multi-district group is weighted by dollar volume, not an average of averages — that would give a district with three sales the same weight as one with three hundred.