The Monthly Move: June 2026 Edition

May Market Recap: The Spring Squeeze is On

The Greater Toronto Area (GTA) resale housing market shifted into a noticeably higher gear in May. If you’ve been waiting on the sidelines for a sign that the market has bottomed out, the May data strongly suggests the floor has been found and supply is starting to shrink.

The May Numbers at a Glance:


• Sales Volume: GTA Realtors reported 6,583 home sales in May—a 6.3% increase compared to May 2025. On a seasonally adjusted basis, sales jumped a striking 10% month-over-month from April.
• New Listings: Supply dropped sharply, with new listings down 18.9% year-over-year to 17,698.
• Average Selling Price: The average GTA selling price landed at $1,069,700. While this is down 4.6% from May of last year, prices actually ticked up slightly on a month-over-month basis, showing that the downward slide is tapering off.

The Takeaway:We are officially seeing the absorption of standing inventory.With sales trending up and new listings dropping by double digits, buyers are facing increased competition in highly desirable pockets.Improved affordability—driven by a combination of lower home prices compared to the peak and lower borrowing costs—is successfully drawing buyers back into the fold.

JUST LISTED! 39 ROSE VALLEY WAY, WASAGA BEACH $609,900

3 Things to Do in Toronto This June

Summer has officially arrived in the city! Here are three incredible events to check out across the GTA through the rest of June: Click the event name for more details

1. Toronto International Jazz Festival

• When: June 19 – June 28, 2026
• Where: Bloor-Yorkville neighborhood
• What: One of Toronto’s premier summer music traditions returns for 10 days of incredible music. The festival features a mix of free outdoor concerts and ticketed hub shows. The street closures around Yorkville make it the perfect spot to grab an outdoor patio seat and soak up the summer evening vibes.

2. Luminato Festival Toronto

• When: Mid-to-late June 2026
• Where: Various venues across the city
• What: Toronto’s international arts festival transforms theaters, parks, and public spaces with large-scale art installations, live performances, and multi-disciplinary exhibits. It is a fantastic celebration of global and local creativity, with plenty of free public displays to discover on an afternoon walk.

3. Pride Toronto Festival & Parade

• When: June 26 – June 28, 2026 (Festival Weekend)
• Where: Church-Wellesley Village & Downtown Toronto
• What: June is Pride Month, culminating in one of the largest Pride celebrations in the world. The massive annual Pride Parade takes over Yonge Street on Sunday, June 28th. Expect an unforgettable weekend filled with live music, street festivals, community fairs, and incredible energy.

Let's Connect

As the spring market transitions into summer, the numbers prove that well-priced homes in great neighborhoods are moving fast. If you are thinking of listing your home or want to secure a property before prices begin to creep back upward, having a localized strategy is essential.

Reply to this email if you'd like a free "Home Equity Checkup" to see exactly how your neighborhood's property values held up this spring!

Real Estate Excellence in the GTA: Ethics, Integrity, Competence

Best regards,

Tim Hewetson

Real Estate Broker

Royal LePage Estate Realty

416-889-1578

tim@selltoronto.com

Oh by the way. I'm never too busy for your real estate referrals! If it's a 2 hour drive from Toronto I cover that area!

20 Years of real estate experience and going strong!

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