📣 𝐍𝐄𝐖𝐒𝐅𝐋𝐀𝐒𝐇! Here are the real estate market stats you need to know for May 2026 vs. 2025 home sales in Toronto, Mississauga, Oakville and Burlington.
May continued to show stronger spring market activity, with the number of homes sold increasing across several key segments compared to April. Detached homes remained a major driver of activity across all four areas, while price movement varied significantly by property type and location.
On a broader market level, 6,583 home sales were reported through TRREB’s MLS® System in May 2026, up 6.3% compared to May 2025. At the same time, new listings totalled 17,698, down 18.9% year over year — approximately 4,100 fewer listings than the same time last year. This is an important shift: the number of homes sold is rising while fewer new listings are coming to market, which may gradually increase competitive pressure in desirable neighbourhoods as inventory tightens.
The month over month data reflects this continued spring activity, with the number of detached homes sold increasing across all four areas we track — up 10% in Toronto, 6% in Mississauga, 14% in Oakville and 15% in Burlington between April and May alone.
𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝗼𝘂𝗿 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗼𝗻 𝘁𝗵𝗲 𝗺𝗼𝗻𝘁𝗵 𝗼𝘃𝗲𝗿 𝗺𝗼𝗻𝘁𝗵 𝗮𝗰𝘁𝗶𝘃𝗶𝘁𝘆 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝗔𝗽𝗿𝗶𝗹 𝟮𝟬𝟮𝟲 𝗮𝗻𝗱 𝗠𝗮𝘆 𝟮𝟬𝟮𝟲:
◼️ Toronto’s average detached home values declined by approximately $58,000 month over month, although the number of detached homes sold increased by 76 — a 10% increase over April. Semi-detached home values were near flat to the month prior, while the number of semi-detached homes sold increased by 46, representing a 19% gain. Freehold townhomes saw Toronto’s largest monthly price correction, falling by roughly $172,200, while the number of homes sold increased by 5, up 6%. Condo townhome values strengthened by approximately $84,100, although the number of homes sold declined by 13 units, down 9%. Condo apartment values were near flat to the month prior, while the number of homes sold decreased by 45 units, down 4%.
◼️ Mississauga’s detached home values were near flat month over month, while the number of detached homes sold increased by 14 — a 6% increase over April. Semi-detached home values were also near flat, with the number of homes sold increasing by 6, up 9%. Freehold townhome values strengthened by approximately $68,900, although the number of homes sold declined by 2, down 11%. Condo townhome values were near flat to the month prior, while the number of homes sold increased by 13 units — an 18% increase. Condo apartment values were also near flat, while the number of homes sold increased by 21 units, up 16%.
◼️ Oakville’s average detached home values declined by approximately $104,000 month over month, although the number of detached homes sold increased by 22 — a 14% increase over April. Semi-detached home values were near flat to the month prior, while the number of homes sold increased by 4, representing a 67% increase; however, this reflects a small sample size with only 10 semi-detached homes sold in May. Freehold townhome values recorded Oakville’s strongest monthly price gain, rising by approximately $119,700, while the number of homes sold increased by 11, up 33%. Condo townhome values increased by approximately $24,000, while the number of homes sold was essentially flat to the month prior, with one fewer home sold than April. Condo apartment values also strengthened significantly, rising by approximately $135,900, while the number of homes sold increased by 15 units — a 58% increase month over month.
◼️ Burlington’s detached home values strengthened by approximately $139,900 month over month, while the number of detached homes sold increased by 18 — a 15% increase over April. Semi-detached home values rose by roughly $56,800, although the number of homes sold declined by 5, down 31%; this also reflects a smaller sample size with only 11 semi-detached homes sold in May. Freehold townhome values were near flat to the month prior, while the number of homes sold declined by 11, down 44%. Condo townhome values increased by approximately $41,400, while the number of homes sold jumped by 20 units — a 54% increase month over month. Condo apartment values strengthened by approximately $56,600, while the number of homes sold remained relatively flat, up by 2 units, representing a 4% increase over April.
Overall, May showed continued buyer activity across several segments, especially detached homes. While pricing remained mixed depending on area and housing type, the increase in the number of homes sold, combined with fewer new listings entering the market year over year, suggests conditions are gradually tightening as we move further into the spring market.
𝘞𝘢𝘯𝘵 𝘵𝘰 𝘬𝘯𝘰𝘸 𝘸𝘩𝘢𝘵’𝘴 𝘩𝘢𝘱𝘱𝘦𝘯𝘪𝘯𝘨 𝘪𝘯 𝘺𝘰𝘶𝘳 𝘯𝘦𝘪𝘨𝘩𝘣𝘰𝘶𝘳𝘩𝘰𝘰𝘥?
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