Market Report · Toronto · June 2026
Toronto Real Estate Market June 2026
Annual price declines continue across most segments as buyer leverage remains entrenched. Semi-detached is the one exception worth watching.
What is happening in the Toronto market right now?
Toronto’s May 2026 data shows new listings running 7% below the five year average while sales are down 11%, pushing inventory up 19% and months of supply up 28%. The benchmark price is $938,000, up 1.51% month over month but down 4.10% year over year. Semi-detached is the only segment holding near flat annually at -0.47%, while detached carries the deepest correction at 6.33% year over year despite demand that is nearly unchanged from historical averages.
01 Overall Market
Annual price declines continue as inventory builds and supply outpaces a more constrained listing environment.
May data shows constrained listing activity alongside continued demand weakness. New listings are 7% below the five year May average, while sales are down 11%. Inventory has increased 19%, pushing months of supply up 28%.
The benchmark price is $938,000, up 1.51% month over month but down 4.10% year over year. Supply continues to outpace demand despite fewer new listings entering the market, reinforcing buyer leverage and maintaining downward pressure on annual pricing across most segments.
$938,000
Benchmark price
-4.10%
Year over year
+19%
Inventory change
+28%
Months of supply
02 Detached Homes
Demand is nearly unchanged from historical averages, yet annual prices carry the deepest correction in the market.
Detached conditions show an unusual divergence between demand and price. New listings are 2% above the five year May average, while sales are down just 1%. By demand metrics alone, detached is the most stable segment in the Toronto market.
The benchmark price is $1,480,300, down 3.47% month over month and 6.33% year over year. The annual correction reflects comp base erosion from the prior cycle rather than current buyer withdrawal — but the result for sellers is the same. Pricing needs to anchor to current comparables, not where the market was twelve months ago.
$1,480,300
Benchmark price
-6.33%
Year over year
+2%
New listings vs avg
-1%
Sales change
03 Condominiums
Constrained supply has not offset sustained demand weakness as annual prices extend past 5 percent negative.
Condominium conditions show supply restraint alongside the weakest demand of any Toronto segment. New listings are 14% below the five year May average, while sales have dropped 19%. Inventory has still climbed 13%, pushing months of supply up 28%.
The benchmark price is $556,600, up 1.25% month over month but down 5.08% year over year. Lower listing supply has not been sufficient to stabilise annual pricing, confirming that demand weakness is doing more work on the price correction than supply is undoing.
$556,600
Benchmark price
-5.08%
Year over year
-14%
New listings vs avg
-19%
Sales change
04 Semi-Detached Homes
The standout segment in Toronto as prices hold within half a percent of flat year over year.
The semi-detached segment continues to outperform every other Toronto property type. New listings are 8% below the five year May average, while sales are down just 1%. Inventory has risen 16%, increasing months of supply by 17% — the most contained supply growth of any Toronto segment.
The benchmark price is $1,170,400, up 0.55% month over month and down just 0.47% year over year. Semi-detached is the only Toronto segment within a percentage point of flat annually, and the only one where sellers retain any meaningful pricing power in the current environment.
$1,170,400
Benchmark price
-0.47%
Year over year
-8%
New listings vs avg
-1%
Sales change
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View featured listing →Common Questions
Is Toronto currently a buyer’s market or a seller’s market?
Toronto is firmly in buyer’s market territory as of May 2026. Inventory is up 19%, months of supply has risen 28%, and the benchmark is down 4.10% year over year. Semi-detached is the one exception with near-flat annual pricing, but conditions across detached and condominiums remain clearly buyer-favourable.
What is the benchmark price in Toronto right now?
The overall benchmark price in Toronto is $938,000 as of May 2026, up 1.51% month over month but down 4.10% year over year. Detached homes benchmark at $1,480,300, condominiums at $556,600, and semi-detached homes at $1,170,400.
Why are Toronto detached prices falling so sharply when sales are nearly flat?
The 6.33% annual decline reflects the comp base from the same period last year rather than a collapse in current buyer activity. Detached sales are down only 1% from the five year average, which is historically very stable demand. What has changed is the price level that buyers and sellers agreed on in May 2025 compared to May 2026 — last year’s comps were higher, so the year over year calculation shows a large negative even when current transactions are proceeding at near-normal volume.
Which Toronto property type is performing best right now?
Semi-detached is the standout segment in Toronto by a significant margin. Annual prices are down only 0.47%, sales are off just 1% from historical averages, and inventory growth is the most contained of any segment at 16%. If you are considering selling in Toronto, semi-detached gives you the best combination of pricing stability and buyer activity of any property type right now.
Is now a good time to sell in Toronto?
Timing and property type matter more than ever in the current environment. Semi-detached sellers are in the strongest position with near-flat annual pricing and near-normal buyer activity. Detached and condominium sellers face more challenging conditions with prices down 6.33% and 5.08% annually respectively. Your free Bode Homeowner Dashboard tracks your property’s current value and comparable activity continuously so you can time your decision with current data rather than market generalizations.
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