Toronto Regional Real Estate Board Reports Balanced Market in May 2026

Toronto Regional Real Estate Board — May 2026

In May 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $901,300 and an average price of $1,028,084. Total sales increased to 107 from 72 in April, while active listings decreased slightly to 457.

Market Analysis

The Toronto real estate market remains balanced as of May 2026, with a months of inventory (MOI) of 4.3, a decrease from 6.5 in April. The sales-to-new-listings ratio (SNLR) stands at 42.8%, indicating a stable demand relative to supply. Although the average price has seen a year-over-year decline of 8.2%, the increase in sales from the previous month suggests a potential stabilization in buyer activity as the market adjusts to current economic conditions.

Property Type Analysis

Due to the lack of specific data on property types for May, a comprehensive breakdown is not available. However, the overall market dynamics suggest that both attached and apartment properties may be experiencing similar trends to the overall market, with balanced conditions likely influencing buyer preferences across different property types.

Regional Highlights

Regionally, the slight decrease in active listings from April to May indicates a tightening supply, which could support price stabilization in the coming months. The increase in sales activity is a positive sign for the market, suggesting that buyers are becoming more active despite the overall price decline.

For Buyers

Buyers are advised to remain vigilant and take advantage of the current balanced market conditions. With a variety of properties available and a moderate level of competition, this may be an opportune time to negotiate favorable terms.

For Sellers

Sellers should consider pricing their properties competitively to attract buyers in a balanced market. Given the current inventory levels, presenting homes in excellent condition and being flexible with negotiations can enhance the chances of a successful sale.