Toronto Regional Real Estate Board Reports Balanced Market in May 2026 with Composite Benchmark Price at $715,400

Toronto Regional Real Estate Board — May 2026

In May 2026, the Toronto Regional Real Estate Board reports a composite benchmark price of $715,400, reflecting a slight increase from April's $714,000. Total sales rose to 62, up from 54 in the previous month, while active listings decreased marginally to 258.

Market Analysis

The Toronto real estate market remains balanced as of May 2026, with a months of inventory (MOI) at 4.2, indicating a stable supply relative to demand. The sales-to-new-listings ratio (SNLR) stands at 36.7%, suggesting that while sales are increasing, the number of new listings is also contributing to a healthy inventory level. Year-over-year, the average price has decreased by 8.7%, reflecting broader market adjustments and economic conditions.

Property Type Analysis

Currently, specific benchmark prices and sales figures for detached, attached/townhouse, and apartment properties are not available. However, the overall trend indicates a balanced market across property types, with demand stabilizing as buyers adjust to the current pricing landscape. The increase in total sales from April suggests a growing interest in various property types, although detailed breakdowns are necessary for a comprehensive analysis.

Regional Highlights

Regionally, the Toronto market shows signs of resilience, with new listings totaling 169 in May, which is consistent with the ongoing demand. The slight decrease in active listings from 261 in April to 258 in May indicates that sellers are still engaging with the market, albeit cautiously. This trend may reflect a strategic approach by sellers in response to current pricing dynamics.

For Buyers

For buyers, the current balanced market presents an opportunity to negotiate favorable terms. With an increase in total sales and a stable inventory level, buyers are encouraged to conduct thorough research and consider properties that meet their needs, as there may be room for negotiation on pricing.

For Sellers

Sellers should remain mindful of the current market conditions and the 8.7% year-over-year price decline. Pricing properties competitively while highlighting unique features can attract potential buyers, especially in a balanced market where inventory levels are stable.