{"id":41496,"date":"2026-06-03T10:54:17","date_gmt":"2026-06-03T14:54:17","guid":{"rendered":"https:\/\/www.zoocasa.com\/blog\/?p=41496"},"modified":"2026-06-17T09:30:54","modified_gmt":"2026-06-17T13:30:54","slug":"trreb-may-2026","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/trreb-may-2026\/","title":{"rendered":"TRREB: Spring Momentum Builds in May. Could Prices Recover in 2027?"},"content":{"rendered":"\n

As spring reached its peak, the Greater Toronto Area (GTA) housing market showed clear signs of tightening, with stronger buyer activity meeting a shrinking pool of available homes. <\/p>\n\n\n\n

According to the Toronto Regional Real Estate Board (TRREB), 6,583 homes were sold in May 2026, a 6.3% increase over May 2025. At the same time, new listings fell sharply, dropping 18.9% year-over-year to 17,698, while active inventory declined 14.4% to 26,927. The combination of rising sales and fewer listings points to a market that is gradually rebalancing in favour of sellers, even as prices remain below year-ago levels.<\/p>\n\n\n\n

Affordability has been a key driver of the spring rebound. The average selling price came in at $1,069,700, down 4.6% from May 2025. On a seasonally adjusted basis, sales jumped 10% month-over-month from April, while new listings slipped 2.1%.<\/p>\n\n\n\n

TRREB President Daniel Steinfeld attributed the improving conditions to the stronger spring. \u201cSpring sales have been stronger than last year, reflecting improved affordability stemming from lower selling prices and borrowing costs. Sales are forecast to improve further as we move through the second half of this year. Recovery would be further bolstered by positive news on the trade front along with an easing of geopolitical tensions and related uncertainty,\u201d he says.<\/p>\n\n\n\n

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York and Peel Drive the 905, Halton Commands the Premium<\/strong><\/h2>\n\n\n\n

In the 416, buyers completed 2,377 sales at an average price of $1,108,292, with detached homes commanding an average premium of $1,610,988. The surrounding 905 regions accounted for the largest share of activity, posting 4,206 sales at an average price of $1,047,912.<\/p>\n\n\n\n

Across the 905, market conditions varied by region. Halton remained the most expensive, with an average price of $1,248,277 across 816 sales, while 1,969 new listings signalled more moderate absorption. York Region led in overall activity, recording 1,184 sales at an average of $1,151,366, with 3,241 new listings reflecting balanced demand. Peel also posted strong activity, with 1,106 sales at an average price of $956,019 and 3,267 new listings continuing to support supply.<\/p>\n\n\n\n

Durham remained the most affordable, with 804 sales at an average of $851,065 and 1,978 new listings, indicating steady but less competitive conditions. Meanwhile, activity was more limited in Simcoe County\u2019s TRREB areas and in Dufferin County, where lower sales volumes (165 and 60, respectively) and fewer new listings indicated more subdued markets despite mid-range pricing.<\/p>\n\n\n\n

At the local level, Oakville<\/a> stood out in Halton with 304 sales at an average price of $1,559,052, while Burlington<\/a> recorded 278 sales at an average price of $1,126,148. In Peel, Mississauga<\/a> led with 568 sales at $971,047, while Brampton<\/a> offered a more affordable alternative with 456 sales at $889,407. In York Region, Vaughan<\/a> and Markham<\/a> drove activity, with 313 and 303 sales, respectively, both averaging around $1.2 million ($1,179,718 and $1,199,667). In Durham, Oshawa<\/a>, and Ajax <\/a>remained more accessible, with average prices of $708,723 (183 sales) and $838,788 (128 sales).<\/p>\n\n\n\n

Detached Homes Lead the Market with a Familiar Regional Divide<\/strong><\/h2>\n\n\n\n

Detached homes remained the most active segment, accounting for 3,236 sales across the GTA at an average price of $1,358,131, a 3.9% decline year-over-year. The gap between city and suburb stayed wide. In the City of Toronto, detached homes averaged $1,610,988 across 846 sales, while the 905 region had far more volume, with 2,390 sales at a more accessible average of $1,268,625.<\/p>\n\n\n\n

Buyers were most active in the middle of the detached market. The $1M to $1,499,999 range was the busiest bracket with 1,129 sales, reflecting where demand and affordability currently meet. The high end of the market also held firm, with 573 detached homes selling for $2M or more, a reminder that luxury demand has not faded even amid broader price softening.<\/p>\n\n\n\n