May 2026 Market Report | Toronto West End Freehold Market

May brought continued stability to the West Toronto freehold market, with 336 sales during the month, virtually unchanged from the 333 sales recorded in May 2025. While prices remained below last year’s levels, inventory continued to tighten, creating a market that remains competitive for well-positioned homes.

What This Means for Buyers and Sellers:
Inventory has tightened. Active listings fell to 842, down nearly 14% from last May, while new listings declined by 12.5%. As a result, months of inventory dropped from 3.02 to 2.59. While buyers still have considerably more choice than they did during the ultra-competitive years of 2020–2022, the overall supply of homes available for sale is lower than it was a year ago.
Prices remain resilient despite softer conditions. The average sale price of $1,513,447 was down 4.3% year-over-year, but remains largely unchanged from April. This suggests that prices may be finding stability after the adjustments experienced over the past several years. Demand remains healthy for quality homes in desirable neighbourhoods like Brockton Village, Roncesvalles and Corso Italia.

Buyers are taking more time to make decisions. Average days on market increased from 19 to 21 days. While this remains a relatively quick selling timeframe by historical standards, it reflects a market where buyers are conducting more due diligence and comparing more options before committing. It’s important to note that the median days on market was 10. The hottest product is renovated, 3-bedroom semis which are most often selling within 6-9 days.
Well-priced homes continue to attract competition. The average sale-to-list price ratio held steady at 103%, indicating that buyers are still willing to compete for homes that are priced strategically and presented well. Multiple offers remain common for turnkey properties in sought-after neighbourhoods, while homes that are overpriced or require significant updates often take longer to sell.