Gradually slowing market in May 2021

Jun 5, 2021 | Market Update

Some highlights from CREA for may realestate activity:

  • National home sales declined by 7.4% on a month-over-month basis in May.
  • Actual (not seasonally adjusted) activity was up 103.6% year-over-year.
  • The number of newly listed properties fell back by 6.4% from April to May.
  • The MLS® Home Price Index (MLS® HPI) rose 1% month-over-month and was up 24.4% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 38.4% year-over-year gain in May.

Following is the May sales activity in Greater Toronto Area’s major cities:

Toronto West

Toronto Central

Toronto East

Durham

Halton

Peel

York