Market Report · Toronto · May 2026
Toronto Real Estate Market
May 2026
A sharp monthly recovery masks an annual price decline that continues to deepen. April data shows what is really shifting as peak season progresses.
What is happening in the Toronto market right now?
Toronto’s April 2026 data shows new listings running 13% above the five year average while sales have dropped 16%, pushing inventory up 40% and months of supply up 55%. The benchmark price is $985,400, rising 6.73% month over month but down 4.65% year over year. The monthly gain is notable but should be read against elevated inventory and a year over year correction that remains firmly negative across almost all segments.
01 Overall Market
A sharp monthly recovery masks an annual price decline that continues to deepen.
April data shows above-average listing activity alongside continued demand weakness. New listings are 13% above the five year April average, while sales are down 16%. Inventory has increased 40%, pushing months of supply up 55%.
The benchmark price is $985,400, rising 6.73% month over month but down 4.65% year over year. Market conditions continue to adjust as supply outpaces demand, reinforcing buyer leverage even as the monthly headline number appears encouraging.
$985,400
Benchmark price
-4.65%
Year over year
+40%
Inventory change
+55%
Months of supply
02 Detached Homes
Sales hold relatively firm while prices post a meaningful monthly recovery.
Detached conditions show above-average listing activity with the smallest demand decline of any Toronto segment. New listings are 16% above the five year April average, while sales are down only 5%. Inventory has risen 41%, increasing months of supply by 46%.
The benchmark price is $1,559,500, up 3.47% month over month but down 1.87% year over year. Detached is the most resilient Toronto segment by demand, though elevated listing volumes are keeping annual prices in negative territory.
$1,559,500
Benchmark price
-1.87%
Year over year
+16%
New listings vs avg
-5%
Sales change
03 Condominiums
Annual declines deepen past 6 percent as the weakest demand in the Toronto market persists.
Condominium conditions remain the softest of any Toronto segment. New listings are 10% above the five year April average, while sales have dropped 24%. Inventory has climbed 38%, pushing months of supply up 62%.
The benchmark price is $606,500, up 2.66% month over month but down 6.36% year over year. Condominiums continue to carry the deepest year over year price correction in Toronto, with months of supply growth confirming that absorption remains weak relative to available stock.
$606,500
Benchmark price
-6.36%
Year over year
+10%
New listings vs avg
-24%
Sales change
04 Semi-Detached Homes
The only Toronto segment with positive annual price growth as demand holds relatively firm.
The semi-detached segment is the standout in Toronto this month. New listings are 19% above the five year April average, while sales are down just 2%. Inventory has increased 40%, lifting months of supply by 42%.
The benchmark price is $1,248,500, up 4.40% month over month and 1.57% year over year. Semi-detached is the only Toronto segment holding positive year over year price growth despite elevated listing volumes and a broader market under sustained pressure.
$1,248,500
Benchmark price
+1.57%
Year over year
+19%
New listings vs avg
-2%
Sales change
Common Questions
Is Toronto currently a buyer’s market or a seller’s market?
Toronto is firmly in buyer’s market territory as of April 2026. Inventory is up 40%, months of supply has risen 55%, and the benchmark price is down 4.65% year over year despite a notable monthly bounce. Buyers across all segments carry meaningful negotiating leverage, with condominiums and detached facing the most sustained annual price pressure.
What is the benchmark price in Toronto right now?
The overall benchmark price in Toronto is $985,400 as of April 2026, up 6.73% month over month but down 4.65% year over year. Detached homes benchmark at $1,559,500, condominiums at $606,500, and semi-detached homes at $1,248,500.
Does the 6.73% monthly price gain mean the Toronto market is recovering?
Not necessarily. A single month’s gain needs to be read against the broader context: inventory is up 40%, months of supply is up 55%, and the benchmark is still down 4.65% year over year. Monthly price movements in Toronto can be influenced by which types of properties close in a given month, and a one-month bounce against elevated supply does not signal a sustained trend reversal.
Which Toronto property type is performing best right now?
Semi-detached is the standout, with the only positive year over year price growth at 1.57% and the smallest sales decline at just 2%. Detached is the most resilient by demand volume but is still down 1.87% annually. Condominiums carry the deepest annual correction at 6.36% year over year and the weakest absorption of any segment.
Is now a good time to sell in Toronto?
Conditions heavily favour buyers, with prices down across most segments and inventory at elevated levels. Semi-detached sellers are in the strongest position given positive year over year pricing, while condominium and detached sellers face real annual headwinds. Your free Bode Homeowner Dashboard tracks your property’s current value and local market activity continuously so you enter any decision with accurate information.
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