If you’ve been hearing that the market is “slow,” the May numbers tell a slightly different story.
⬆️ Sales were up.
⬇️ New listings were down.
🔔 Inventory tightened.
In other words, buyers still have options, but they’re starting to have fewer of them.
The average GTA home price came in at $1,069,700, down 4.6% from last year. At the same time, sales increased 6.3% while new listings dropped nearly 19%.
What does that mean?
The market is finding balance. ⭐️
We’re no longer seeing the flood of inventory that gave buyers endless choice earlier on. Homes that are priced well, marketed properly, and presented thoughtfully are still attracting attention, while buyers continue to benefit from improved affordability and negotiating power.
The average home sold in 42 days, inventory sits at 4.8 months, and the Sales-to-New-Listings Ratio continues to improve, all signs that activity is building even as buyers remain selective.
Every neighbourhood, price point, and property type is performing differently.
That’s why a solid strategy matters more than ever.
If you’re considering a move in 2026, let’s talk strategy. ‘Send me a message'.
Behind the Scenes
If there’s one thing that stands out right now, it’s how late this spring market arrived.
Typically, we start seeing momentum build in February and March. This year, many buyers and sellers spent the first part of the year waiting to see what would happen with rates, the economy, and overall market confidence.
But over the last few weeks, things have started to shift.
We're seeing more listings come to market, and more activity than we saw earlier this spring. Inventory is growing, which is giving buyers more choice and creating a market that feels a little more balanced than it did a few months ago.
That doesn't mean we're back to the fast-paced conditions people remember from years past.
Buyers are still taking their time. They're comparing options, negotiating carefully, and paying close attention to value. The difference is that more of them are actively looking and engaging in the market again.
For sellers, this means competition is increasing. With more homes available, buyers have options. Properties that are priced strategically, marketed properly, and presented well are still generating strong interest, while those that miss the mark can sit longer than expected.
What we're seeing right now feels less like a market boom and more like a market waking up.
The hesitation that defined much of the first half of the year is starting to ease, and both buyers and sellers seem more willing to make decisions.
What’s On
NXNE MUSIC FESTIVAL
One of Toronto’s biggest music and culture festivals is back.
June 10–14, 2026
For over 30 years, NXNE has been known for showcasing emerging artists before they hit the mainstream, while bringing together music fans, industry leaders, creators, and innovators from across North America.
This year’s festival features live performances, industry panels, networking events, and immersive experiences happening across multiple venues throughout Toronto.
NXNE offers something for music lovers and culture seekers alike.
You can get tickets and more by clicking the ‘Learn more’.
We’re truly grateful to have you as part of the CHK family! Your trust and support mean everything to us, and we’re here for you every step of the way.
Whether you prefer to call, text, email, or reach out on socials, we’re just a message away, ready to help with all your real estate needs.
Until next time,
Corrie
