Toronto home sales rise for third straight month in May
Toronto's real estate market saw a rise in home sales for the third consecutive month in May, driven by lower home prices. The Toronto Regional Real Estate Board reported 5,364 transactions, marking a 10 percent increase from April. Despite the increase in sales, home prices continued to decline, with the typical price now significantly lower than during the pandemic peak.
- ▪There were 5,364 home sales in the Toronto region in May, a 10 percent increase from April.
- ▪New listings fell by 2.1 percent from April to May and were down 16 percent year-over-year.
- ▪The typical home price in the Toronto region is now 32.6 percent below the peak in spring 2022.
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Open this photo in gallery:May marked the largest number of transactions since November of last year.Carlos Osorio/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountLower home prices helped revive the Toronto real estate market in May with sales climbing for the third straight month.There were 5,364 sales in the Toronto region last month, according to the Toronto Regional Real Estate Board (TRREB).Those sales numbers were 10 per cent higher than April’s on a seasonally adjusted basis and 14 per cent higher than May, 2025. The month marked the largest number of transactions since November of last year.Meanwhile, fewer homeowners put their properties up for sale. New listings fell 2.1 per cent from April to May and were down 16 per cent year-over-year.
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