Toronto East market report · May 2026
Toronto East housing market: May 2026
Toronto East housing market in May 2026: $1,036,075 average sale price (down 2.3% year over year), 570 homes sold, 3.7 months of supply — a balanced market. Figures from the Toronto Regional Real Estate Board.
What happened in Toronto East in May 2026
Toronto East recorded 570 sales in May 2026, 7.8% fewer than the same month a year earlier. Sellers brought 1,486 new listings to market, leaving 1,963 properties in inventory — 11.7% less than a year ago. At the month's pace of sales that is 3.7 months of supply, which puts Toronto East in a balanced market. 41% of the month's new listings sold.
The average sale price across all property types was $1,036,075, down 2.3% year over year and up 4.9% on the month. Detached homes averaged $1,221,102 against $525,709 for condo apartments — the gap that decides which side of the $1.5 million insured-financing cap a purchase here falls on.
The two years to May 2026
By property type
| Type | Average sale price | YoY | Sold | New listings | Inventory |
|---|---|---|---|---|---|
| Detached | $1,221,102 | -4.9% | 278 | 674 | 794 |
| Semi-detached | $1,232,730 | +0.9% | 101 | 178 | 145 |
| Row / townhouse | $981,930 | -6.6% | 40 | 87 | 84 |
| Apartment | $525,709 | -6.8% | 115 | 380 | 679 |
| All types | $1,036,075 | -2.3% | 570 | 1,486 | 1,963 |
Source: the Toronto Regional Real Estate Board, Toronto East, May 2026.
What this means if you're buying in Toronto East
Market conditions shape the negotiation; your income, debts and the stress test decide what you can actually borrow. If a property has an existing basement apartment, the single most valuable question to ask before you write is whether it is legal and registered — because lenders differ enormously on unregistered suites, and the ones that will use the income at all will often use less of it. Beyond that, how a lender applies the rent matters as much as how much they use: adding it to your income is far less powerful than subtracting it from the payment, and not every lender offers the second approach. On an east-end purchase with a suite, that single choice can swing your approval by a very large amount.
Read the full Toronto East area guide, compare it with the wider GTA market, or run your numbers and start an application.
Buying in Toronto East?
Get a real pre-approval before you shop — it's the difference between a budget and a guess.