After a cooler-than-usual May, it finally feels like summer is around the corner — and with it, a bit of movement in the market.

The Toronto Regional Real Estate Board (TRREB) just released their May stats, and we're seeing some positive shifts in affordability compared to this time last year. With more listings and fewer sales across the GTA, buyers are benefiting from increased choice and improved price points — though every neighbourhood and property type has its own rhythm.

In May 2025, TRREB reported 6,244 home sales across the MLS system — down 13.3% compared to May 2024. That said, sales have been rising month-over-month, marking the second consecutive increase. The average selling price last month came in at $1,120,879, about 4% lower than this time last year.

According to TRREB’s Chief Information Officer, homeownership is generally more affordable now — thanks to lower prices and borrowing costs. So what’s holding things back? Consumer confidence. As trade and economic outlooks stabilize, we can expect to see more buyers return to the market.

One segment to keep an eye on right now is the condo market, especially for first-time buyers and investors. With just over seven months of inventory available, this space offers real opportunity for those looking for affordability, flexibility, and selection.

As always, I’m just a message away if you have questions about how this market affects you. Whether you're buying, selling, or just curious, we are here to help you navigate it all.

Wishing you a sunny and successful start to June!