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 $761,100 and an average price of $973,071. Total sales reached 114, with new listings at 304, indicating a balanced market condition.

Market Analysis

The Toronto real estate market in May 2026 exhibits balanced conditions, with a months of inventory (MOI) at 4.0, up from 3.8 in April. This slight increase in inventory suggests that the supply of homes is keeping pace with demand, resulting in a stable environment for buyers and sellers alike. The sales-to-new-listings ratio (SNLR) stands at 37.5%, indicating that while there is activity in the market, it remains cautious, reflecting a significant year-over-year price decline of 14.8%.

Property Type Analysis

Currently, specific benchmark prices and sales data for property types—detached, attached/townhouse, and apartments—are not available. However, the overall market dynamics suggest that buyers may find opportunities across various property types, as the balanced market allows for negotiation and exploration of different options.

Regional Highlights

Regionally, the total active listings have increased to 457, compared to 428 in April, which may provide buyers with more choices. The increase in new listings to 304 also indicates that sellers are responding to market conditions, contributing to a more stable environment. This trend may help alleviate some pressure on prices as buyers have more options to consider.

For Buyers

For prospective buyers, the current balanced market presents a favorable opportunity to negotiate terms and prices. With a variety of listings available and a moderate pace of sales, buyers are encouraged to conduct thorough research and consider their options carefully before making an offer.

For Sellers

Sellers should remain realistic about pricing in light of the current market conditions, especially given the year-over-year price decline. It is advisable to work closely with a real estate professional to set a competitive price and effectively market their property to attract potential buyers.