The Toronto Housing Situation is POLARIZING. Market Update May 2026

Added: 2026-05-10

[00:00:00]Well, one of the housing categories is actually up 30% in sales through the month of April. We've got all the data here for the Toronto real estate market.

[00:00:08]We're going to go Toronto specific here, talking about all the housing categories, what's actually going on in each category. I'll break it down for you. The ones, the twobs on the condo side of things, and we'll look at the bigger overall picture, what this means.

[00:00:20]Did we see the spring market in other categories? We definitely did not.

[00:00:24]Toronto is very unique in that sense.

[00:00:27]This video is actually part of a bigger collaboration. We've got all real estate YouTubers from different markets that are attached to this video in the description box down below. If you're interested in learning about different markets, you can always click their videos down below. We've got other Toronto agents. We've got Vancouver.

[00:00:42]We've got other people in different markets that are actually contributing to the overall update that we've got going on here across the board for the month of April. So, if that interests you, check those out in the description box down below. All right, let's get started. We're going to go over the detach side of things here. As you can see in front of me, we are going to start off not with the semis, but let's get right into the detach category because this is in fact 28.9% increased month overmonth on the transaction side of things. What that means to me is it means we've got people who are more willing to do transactions right now in the Toronto market on the detach side of things. Detach is not cheap. We know that we're talking the average price last month 1.664 664 on the detach side up about $40,000 on the month-over-month. Not surprising. We're in the spring market. Whether it fully happened or not, we'll have to see.

[00:01:32]Transactions spiked, prices spiked, new listings volume here spiked to the tune of almost 450 new listings on the detach side of things. So, all of those compounding would be spring market in my eyes from last month. The other housing categories that we looked at, Bmpton, Missaga, they actually went backwards month over month. So, that's something to keep in mind. Now, big picture, look at the other category here. We're still down year-over-year. Don't get too twisted in the whole grand scheme of things. We're still down 5%. Almost $100,000 from the average price year-over-year.

[00:02:08]On the transaction side, we're pretty close, 1.1% difference between each month over year. And then you're looking at the new listings volume, which is about 600 less year-over-year overear.

[00:02:18]9.2% drop off. So, we are seeing the spring market here. We're seeing the trajectory going in that direction.

[00:02:24]Whether May follows suit, we don't know.

[00:02:26]But this is what we're looking at overall. If you want to sell a home right now, last month it was 23 days for a detached home in Toronto. That's extremely quick. In today's market, if we saw 23 days, we would be so excited.

[00:02:38]In a lot of other markets, we're seeing 30, 35, 40 days. To see 23 days is actually quite exciting from the detach side of things. So, we're going to keep track of this as the months move on.

[00:02:50]Medium prices, for those of us who prefer to go that route, we were slightly down on the month-over-month, 2.3% drop off, and then we are a little bit further down at 6.6 to the 5.1 that we had over the year-over-year numbers here, still bringing us down to 1285.

[00:03:06]Let's take a peek at what those semi- detached are doing, cuz they are always unique in themselves. They were up 3.4% month overmonth. Still down 3.1 on the year percentage-wise. We're down transaction-wise, 13% here. And then, as you can see, the new listings, they have not seen the increase. We're at 16% down month over month though. Let's see if that spring pattern is continuing here.

[00:03:29]And we are going to see 19.8 up on new listings. Okay. Transaction volume also 27%. So, not as many transactions happen, but still a big jump. Very, very close to what those detached homes did see. I think these two categories are getting a flow from the other categories. people who have sold their homes now they're ready to make that push to the next housing category. You got to sell something to get into a semi or detached. It's rare you have the equity to actually perform this transition. These are expensive. One, two, three, one, two, one six. It's not a first home for most people. Don't forget that. That's a lot of the time the case here. When we're looking at the townhouse numbers, check it out. We are going to see a 7% increase month overmonth. We're still down 5.7 on the year. As you can see, the year increase on transactions is actually interesting to see. People are going this route probably because they are opting for not the semi, not the other categories because pricing might be a factor there, but new listings are a little bit down on that front. 3.5% increase on transactions. So, we did see a bump following suit with the rest of them.

[00:04:36]You are going to see new listings volume here also coming up. So we are seeing transactions here slightly up but nowhere near the semi and the detached category. This is a very similar price point to what you're seeing on the semi- detached though 1290 1218. So these numbers high but this is what it's looking like for a freehole townhouse.

[00:04:56]These are no fees associated with them.

[00:04:58]We'll go to condo town. We'll finish it off with the apartments. Let's take a look at condo town houses here. We are going to see them slightly down on the price, slightly up in the transactions, and way up 31.8% more new listings have hit the market. That is 109 additional listings. Last month's numbers, the prices here, $6,000 down. We'll call it a wash at the end of the day here. Your median price is 704 compared to the 715.

[00:05:25]But look at the year-over-year, we're going to see a 6.7% drop off and on the median 11.2 two transaction volume here.

[00:05:34]We're down 8.2% transactions and then we're going to find ourselves almost 20% down with the new listing. So, we are seeing a lot of fluctuation here, but overall we're down monthtomonth. We're doing good. We're in a good spot for people. People are feeling pretty confident about themselves, but you have have to remember like things are not great. They are better than what they were a couple months ago. Take it with a grain of salt. There's going to be some fluctuation in our markets. Now, let's finish it off here. Let's look at the condo situation and see what is going on. We will do the one-bedroom condos first, and I want to break it down for you guys. I don't care about the overall picture as much because it's it's a little bit too broad. One-bedroom condos in the city of Toronto, they are down less than a full percent. So, we're talking 510 is the average price right now. Transaction volume is complete wash from last month. And then when we're talking about new listings, we're up just a little bit on the new listings.

[00:06:28]So overall, pretty flush month overmonth on the condo side. Still down almost 10% year-over-year. So condos were almost 570. Now we're talking in that 514 average range. Median down about 55 grand from 550 to 497.

[00:06:45]Transactions not too changed. Uh new listings were down 23%. I think people are actually deciding maybe just rent instead of sell. That's not an uncommon decision for a lot of people to make.

[00:06:55]So, that's something I think they might be making instead here. Let's look at the two bedrooms and see where we're at on the number side of things there. Two bedrooms, obviously, price is going to vary significantly. You're at 784. We're up 5% month over month. Transaction volume is going from 434 this past month and then we were a little bit higher at 463.

[00:07:16]And then we've got new listings here.

[00:07:18]We're up about 70 new listings, 5% here.

[00:07:22]But grand scheme of things, two bedrooms are holding slightly better, down 7% year-over-year, but it's still down.

[00:07:28]You're going to see the drop off in transactions almost 10% and then the new listing side of things also down. So, this is bigger picture here. Condos, they've dropped a lot more percentage- wise year-over-year, but they are still doing okay in the month-over-month scenario. I think a lot of people are hesitant right now to to actually continue forward and buy condos and be very I guess on the investor track. I think whoever's buying the condos right now is really just like end user enjoy the unit. Make sure it's a good decision for you long term cuz buying a condo for the short term is really not something that we are advising our clientele to do right now. it doesn't seem to make a lot of sense. And then at the end of the day, if you're going to go and hope for appreciation on your condo, but move in 2 or 3 years, your appreciation versus the expenses to actually sell it and then buy it originally, they don't really line up a lot of the time for people. They're not making a ton of sense. So, we are telling people, hey, shortterm, maybe rent. We are helping people rent. And if you need help renting a property, we are not above that. We're happy to help you get into the rental market, but we want you to make a very educated decision as our client. We don't want you to go ahead and just like buy something, have to sell it. Should that benefit us, yeah, great. We're going to make sales and buys, but the reality is you're not going to be super happy with it. We're not advising you correctly. And if it is a short-term, probably rent the condo.

[00:08:49]That's kind of where we're at. On the detach and semi- detach side of things, activity is pretty good. Their prices have come down, but if you're buying for the long term, just just go for it. Get the semi. get the detached in Toronto.

[00:09:00]We know it's a scarcity product. You're not going to get a lot more detached or a lot more semi- detached homes that are being built with the Toronto Postal. So, take that into consideration. Obviously, the closer to the core, the higher the value. The further out from the core, the lesser the value. There's some great pockets for affordability. If you wanted to go on the Atobico side of things, if you wanted to go north, closer to the 401, from a safety perspective, they may not be the best ones for you and your family, but they are going to be the most affordable to get into the market.

[00:09:26]So, there's a lot of different variables that you've got to determine what makes sense for you as the person who's going to buy one of these properties or just if you're keeping on track of, hey, what's going on in the market, that's kind of something you really need to uh take into consideration. So, if you have any real estate related questions, you can always book a call with us. We got the banner on the bottom here. Scan the code. We'll hop on a one-on-one call, see if we can help each other um get you into the market, whether it's that rent, whether it's that buy, or maybe it's just some guidance on you not actually selling, but you think you might need to. We're happy to help you in any way possible. We'll see you in the next video. This has been your Toronto update. And once again, check out the other YouTube channels we are linked to in the description if you want to know what's going on across North America.

[00:10:08]for watching.