Prices Down, Sales Up: What’s Really Happening in the GTA Market | May 2026 Update (Markham, Stouffville, Toronto)
What is really happening in the Markham, Stouffville, and Toronto real estate market right now?
In this May 2026 market update, we break down the latest trends across the GTA, including detached homes and condos in both the 416 and 905, so you can understand where the opportunities are and what it means if you are buying or selling.
Key Insights This Month
Markham Detached Homes
- Sales up 18% month over month
- Prices down approximately 5% month over month
- Prices still down approximately 11% year over year
- Inventory rising slightly, giving buyers more choice
Stouffville Detached Homes
- Sales up 20% month over month
- Prices holding relatively flat
- Inventory stable with no major surge in listings
Toronto Condos (416)
- Sales up 14.4% year over year
- Prices down 6.4% year over year
- Strong opportunity for buyers
905 Condos
- Sales down 0.6% year over year
- Prices down 7.5% year over year
What This Means
We are seeing a delayed spring market.
Demand is starting to increase while prices have not yet followed. At the same time, inventory is giving buyers more leverage.
That combination does not typically last.
This is a window where informed buyers can move with advantage, while sellers need to be more strategic than in previous years.
Thinking About Buying or Selling in Markham or Stouffville?
Every situation is different. Headline statistics do not tell your full story.
If you are considering a move in Markham, Stouffville, or anywhere in the GTA, reach out and we will walk you through exactly what this market means for you.
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