Hello! Here are the May 2026 real estate market stats
Mississauga and GTA real estate market in May 2026 picked up pace in comparison to the same time a year ago.
Number of sales was 6.3% higher than a year ago.
The average home price was lower by 4.6%!! than a year ago.
Sales were mixed depending on a category.
The biggest decrease in sales (-17.5%!!!) was in townhouse category in 416 area.
The biggest increase in sales (+12.3%!) was in townhouse category in 905 area.
Please have a look below
Source: Market Watch, TRREB
The average house price was down by 4.6% comparing to May of last year, and in terms of dollars, it was $51,016 lower!!!.
The average house price, comparing to the previous month in terms of dollars went up by $17,731!
Please have a look below.
Source: Market Watch, TRREB
Summary
- The GTA real estate market got more active in May 2026.
- The average house price was over $51,000 lower in May 2026 than a year ago, but also almost $18,000 higher comparing to the previous month.
- On June 10th Bank of Canada held key interest rate at 2.25%. Shorter terms of the posted and discounted mortgage interest rates went down, but longer terms remained almost unchanged.
~ T h i s M o n t h ~
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Mississauga & GTA Real Estate Market Watch
- Current Interest Rates
GTA Realtors® Release May 2026 Stats
TORONTO, ONTARIO, June 3, 2026 – The Greater Toronto Area (GTA) resale housing market tightened in May 2026 compared to last year. Sales increased year-over-year, whereas new listings declined over the same period. As standing inventory has been absorbed, competition between buyers has likely increased in some neighbourhoods. This should see the price trend flatten and ultimately trend upwards in the months ahead.
“Spring 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,” said TRREB President Daniel Steinfeld.
“Inventory levels trended lower over the past year, but buyers continued to have substantial negotiating power through the spring, helping with affordability. Looking ahead, if sales strengthen further relative to listings, selling prices will level off and even start to grow as we move into 2027,” said TRREB Chief Information Officer Jason Mercer.
GTA REALTORS® reported 6,583 home sales through TRREB’s MLS® System in May 2026 – an increase of 6.3 per cent compared to May 2025. New listings entered into the MLS® System amounted to 17,698 – down by 18.9 per cent year-over-year.
On a seasonally adjusted basis, May 2026 home sales were up by 10 per cent month-over-month compared to April 2026 and new listings were down by 2.1 per cent – pointing to a monthly tightening of market conditions as well.
The MLS® Home Price Index (MLS® HPI) Composite benchmark was down by 6.7 per cent year-over-year in May 2026. The average selling price, at $1,069,700, was down by 4.6 per cent compared to May 2025.
On a month-over-month seasonally adjusted basis the average selling price was up slightly compared to April 2026 and the MLS® HPI Composite edged slightly lower.
“TRREB supports Bill 98, the Building Homes and Improving Transportation Infrastructure Act of 2026, which contains a simple but critical truth: if we want more attainable housing, we need to make it easier, faster, and less expensive to build homes. Many of the concrete measures contained in Bill 98 align with recommendations in TRREB’s recently released policy report, Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,” said TRREB Chief Executive Officer John DiMichele.
Source: Market Watch, TRREB
Mississauga & GTA Home Sales
May 2025 - May 2026 Comparison
Average house price was down by $51,016, number of sales was up by 388 units, time to sell a house was 3 days longer.
Mississauga & GTA Home Sales
April 2026 - May 2026 Comparison
Average house price was higher by $17,731, number of house sales was higher by 637 units, time to sell was 1 day shorter.
Current Interest Rates
Rates quoted by Invis Canada are subject to change up↑ or down↓ without notice.
| Quote of the Month Courage is getting away from death by continually coming within an inch of it. ~ Gilbert K. Chesterton ~
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Sales and Average Price Up in Calendar Year 2013
January 6, 2014 – Greater Toronto Area REALTORS® reported 4,078 residential
transactions through the TorontoMLS system in December 2013 – up by almost 14 per cent
compared to 3,582 sales reported in December 2012. New listings entered into the
TorontoMLS system were down by almost four per cent over the same period.
Total sales for calendar year 2013, at 87,111, were up by approximately two per cent
compared to 85,496 transactions in calendar year 2012.
“After a slow start to the year, sales growth accelerated to a brisk pace in the second half
of 2013. Despite the inclement weather in December, we finished the year with a
respectable gain in transactions compared to 2012. Looking forward, I believe that home
ownership in the GTA will remain affordable as borrowing costs stay low. The result could
be a further increase in sales in 2014,” said Toronto Real Estate Board President Dianne
Usher.
“The average selling price will be up again in 2014 and by more than the rate of inflation.
The seller’s market conditions that drove price growth in the second half of 2013 will
remain in place in many parts of the GTA. Some neighbourhoods, especially those
characterized by low-rise home types like singles, semis and townhomes, will continue to
have less than two months of inventory,” said Jason Mercer, TREB’s Senior Manager of
Market Analysis.
The average selling price for December 2013 sales was $520,398 – up by 8.9 per cent
compared to the average of $477,756 in December 2012.
The average selling price for 2013 as a whole was $523,036, which represented an increase
of 5.2 per cent compared to the calendar year 2012 average of $497,130.