SEE CHARTS BENEATH THE REFERENCE MAP FOR FULL SEPTEMBER 2026 BUNGALOW STATS BROKEN DOWN BY CITY/REGION:

• Total number of Bungalows  / 1 Storey / Single Level Homes Sold on the month
• Average, Median, Mode, Low & High:
  • Asking Price
  • Original Asking Price
  • Sale Price
  • % Listing-to-Selling Price Ratio
  • Property Tax Amounts
  • # of Bedrooms [Above grade level.]
  • # of Bathrooms / Washrooms [Total - all levels.]
  • # of Days on Market [DOM]

Greater Toronto, Ontario - Thursday September 3rd, 2026 - MarketWatch, The Toronto Regional Real Estate Board’s monthly stats report, was released today and residential real estate market activity in August offered little in the way of surprises compared to August 2025. While it’s worth noting that the blog title from a year ago was “August 2025 Toronto & GTA MLS® home sales: Prices continue soft; Inventory rising” - with Total Active Listings up 22.4% (pretty uncommon for the "Dog Days of Summer”) and prices off about five percent compared to August 2024 - the current year-over-year scenario showed Sales Volume & Average Prices pretty flat while inventory - in terms of both “New Listings” and “(Total) Active Listings” (TAL) - continued the recent trend: “declining”. 

Lower inventory clearly hasn’t manifested in higher prices as the Law of Supply & Demand suggests - likely due to soft demand in the current uncertain economic climate paired with prices that are still out-of-reach for many would-be buyers. Meanwhile, many sellers - it appears - are holding out for higher prices before making their moves. Kinda like a stalemate. And probably a situation that doesn’t favour the seller camp given job insecurity (or flat-out job losses), that pesky affordability thing, and so on.

All statistics & figures herein are year-over-year comparisons - due to the historically strong seasonality of the housing market - unless otherwise noted.

Also note that “residential real estate market activity” takes into account only those properties listed and sold on the MLS® System. Sometimes “new builds” are listed with a Realtor® on MLS® but - in a strong market - builders aren’t so willing to formally list for obvious reasons. While this has some impact on the overall inventory figures, that’s relatively insignificant. At this point in time considering the softer market conditions we’re seeing more builders resort to listing with an agent in an effort to get things moving. 

Overall: The Big Picture

Realtors® in “Toronto, The GTA, and Beyond” reported 5,057 homes went under firm (e.g. unconditional) sales agreements in August. That was down moderately - 2.1% - YoY. That includes all of TRREB’s geographic market area and all Types & Styles of home. The Average Sale price came in at $993,410, off 2.7%.

“Just for fun” we’ve often cited here comparisons to the market peak of February 2022. “Frothy” in a word. “Unsustainable” as we said many times. “You could have a horse in the kitchen and it wouldn’t matter” as my own Bro-in-Law put it. Truer words… In that month nearly 11,000 homes went under firm “Agreement of Purchase and Sale”. More than double what we saw last month. The Average Sale price was $1,334,544. It was also around that time that another agent said to me, “Back up the truck: Buy all the real estate you can.” So goes human nature.

Detached homes in Metro Toronto jumped 23% to $2,073,989. In “The 905” area surrounding “The Big Smoke” the situation was even more outa control: Detached home prices rocketed 33% YoY. And buyers flocked. 

What’s interesting is that Sales Volume was DOWN nearly 17% that month compared to February 2021. Maybe because inventory was almost non-existent. Homes were selling in multiple offer situations within hours of being listed. FOMO reigned. Wild.

Back to the present (-ish)...

Specific Numbers by “Major” Home Type

In Metro T.O. - “The 416” (area code) - 550 “Detacheds” sold, up 3.6%, at an average sale price of $1,525,749, all but unchanged at -0.1%. In “The 905" area code - the “balance” of the GTA (arguably) - 1,849 Detached homes were reported sold, also “all but unchanged” at -0.4%, averaging a sale price of $1,218,148, off 2.6%.

Condominium Apartment sales continued to flounder. Toronto proper saw 885 sell, “down” 0.2%, at an average of $651,648, off 2.1%. The balance of the market area saw 445 sales, down 6.9%, averaging $549,868, down 7.6%

Quoting from the Report

TRREB President Daniel Steinfeld:
"If inventory tightens and home prices begin to rise, some buyers may face a trade-off between waiting for greater economic certainty and purchasing before prices move higher. At the same time, improving market conditions for sellers could bring more listings to market, providing buyers with additional choice."

TRREB CEO John DiMichele:
"A more balanced resale market is a positive development, but it does not address Ontario’s ongoing housing supply and affordability challenges. Governments should take advantage of this opportunity to eliminate barriers to attainable housing, including restrictive zoning policies, high taxes and development charges, and lengthy approval processes. Municipalities, in particular, play a significant role in determining how much housing is built, how quickly projects move forward, and the overall cost of delivering homes."

TRREB’s Chief Information Officer Jason Mercer:
"Ownership housing in the GTA has remained relatively affordable over the past year, with average prices dipping and mortgage rates remaining somewhat flat. Recent news on the overall economy and job creation has been positive. The main hold-back for many households has been concerns around trade with the United States and the potential for higher inflation and borrowing costs in the future."

Inventory

The number of homes newly listed last month was 12,075. Total Active Listings - the more relevant stat in our opinion - stood at 24,482 homes as of month-end. The former was -14.1%; the latter -11.3%. Again - those are year-over-year comparisons.

Homes took “6.1% longer” to sell at 35 Days on Market on average versus 33 days last August. That’s the “Listing Days on Market” (LDOM) figure. The “Property Days on Market” (PDOM) came in at 51, or “4.1% slower”. The difference in the two numbers is that the latter includes homes which were listed previously, but only where that prior listing was with the same brokerage. Clearly, that's a more indicative figure than the prior.

“Forward Inventory” gives us an idea of the timeframe to sell every home currently listed - calculated as Active Listings divided by the month’s Sales Volume works out to 4.84 months. Buyer’s market territory for sure. Pricing - even when inventory’s snug - always comes down to motivation: The seller who needs to sell the fastest drops their price first, generally. That sets the benchmark.

As has been the case for a long time - and we don't see this changing anytime soon - Bungalows remain in high demand across the market area (and beyond). While Bungalows command a premium price on a per-square-foot basis - which causes some people to delay a downsize move - "no stairs" eventually leads most of these people to take the plunge, get rid of stuff they don't need, and move on to the single-storey lifestyle. For some, that's a want; for others, it's a need… a necessity.

We keep very detailed tabs - statistics - specifically on the Bungalow / One Storey home market. You can access a full month-by-month history here on our “Bungalow QuickStats” page.

It’s also not uncommon - due to even tighter inventory on the Bungalow front - for a good percentage of these folks to “compromise” and opt instead for something like a split-level home - Backsplits, Sidesplits, etc. - which usually at least don’t have the long staircases you’d find in a 2 Storey home but - instead - tend to have five-to-seven steps between the various levels of the home.

So… in closing… maybe the market’s begun to stabilize. As we noted in the title of our June 2026 post here, “A Floor Being Built?🏗️”. There are hurdles, as we’re all well aware. And lots of folks who bought in the early 2020’s are “under water”: Their mortgages are higher than the value of their asset now. But if prices stabilize and we start to see some upticks there, maybe more sellers will throw in the waiting game towel and list at market prices. 

Whenever there’s a price spike in any market a good percentage of sellers go into “denial” mode and won’t sell for less than they’d seen their asset worth at the peak. Maybe. Of course, the reverse of that psychology is also true: when a homeowner sees they can get more for their asset than they would have got last month or last year, that situation starts to reverse.

We’ll see what post-Labour-Day - the start of the 2nd strongest market season of the year historically - has in store. If inventory bounces as it usually does going into the Fall Market BUT Buyers don’t follow, it’s all but a given that prices continue to soften. 

Thank-you - as always - for stopping by. Now, get outside. There’s lots of great weather to enjoy before you-know-who shows up! ❄️🥶🌞😎

Andrew.

@JustBungalows @theBB.group
#JustBungalows #theBB.group #OntarioRealEstate #OntarioBungalows

Questions? Comments? ...We'd ❤️ to hear from you: You can drop us a line here!...

Set Up Your Own Customized SmartSearch

What's your property worth today?

JustBungalows.com Home Page

Browse GTA Bungalows by City / Region

Durham Region  |  Halton Region  |  Peel Region  |  Simcoe County  |  
Toronto by Boroughs  |  Toronto by Neighbourhoods  |  York Region

Browse "Beyond the GTA" Bungalows by City / Region

Brant & Brantford Township  |  Dufferin County  |  Grey County  |  Guelph & Wellington County  |  Haldimand County  |  Haliburton County |  Hamilton [City]  |  Hastings County  |  Kawartha Lakes  |  Kitchener-Waterloo & Cambridge  |  Muskoka District |  Niagara Region  |  Northumberland County  |  Parry Sound District  |  Peterborough City & County | Prince Edward County

SEE CHARTS BENEATH THE REFERENCE MAP FOR FULL AUGUST 2026 BUNGALOW STATS BROKEN DOWN BY CITY/REGION:

• Total number of Bungalows  / 1 Storey / Single Level Homes Sold on the month
• Average, Median, Mode, Low & High:
  • Asking Price
  • Original Asking Price
  • Sale Price
  • % Listing-to-Selling Price Ratio
  • Property Tax Amounts
  • # of Bedrooms [Above grade level.]
  • # of Bathrooms / Washrooms [Total - all levels.]
  • # of Days on Market [DOM]

Greater Toronto, Ontario - Thursday August 6th, 2026 - TRREB - Toronto Regional Real Estate Board - President Daniel Steinfeld released today via MarketWatch the Board’s monthly residential statistical update for July home sales.

Lately we’ve seen an odd combination of falling inventory & prices… but rising sales. For July the market decided to change things up just a bit: a healthy pop in the  sales volume stat combined with moderately softening prices… and another significant YoY drop in the overall inventory numbers.

Two years ago this month - the July 2024 update posted that August - we led this blog with ““Home Shortage”? …Inventory Rising”... included in the headline, and the second paragraph of that post was, “Exactly four years earlier - referencing July 2020’s home sales statistics - we wrote, as the market rebounded from the "freeze" that was COVID-19, "July's 11,081 sales reported by Toronto and GTA Realtors® through the board's MLS® system - a new record for the month." We've come a long way…”. Wow. So long ago… pent up demand exploded as COVID waned - though part of that was driven by an amount of “frantic” with folks desperate to escape the crowded urban areas in favour of more breathing room - literally.

Overall

Including all “Types” (e.g. Detached, Semi-Detached, Townhomes, Condos, Land Leases, etc.) and “Styles” (e.g. Bungalows, 2-Storey, Split Level, Apartment, etc.) of homes throughout all of TRREB's primary market area as reported through the Board’s MLS® System, there were 5,995 sales by TRREB Realtors® on the month. That was changed little from last July’s 6,047 sales… down 0.9%. 

The overall average sale price came in at $1,003,956, down 4½%.

People seeking Ontario Bungalows for sale are still seeing the most competition from the buy side as - particularly for single storey homes in the mainstream / most popular price ranges - demand continues to outstrip supply in most areas.

Please note that all figures quoted here are year-over-year comparisons - due primarily to the generally strong seasonal swings of the residential real estate market - unless specifically noted otherwise.

Specific Numbers

For Metropolitan Toronto - “The 416” (area code, generally), sales volume for the Detached homes group totalled 691 units. That was a modest - healthy?! - 2.8% increase. The average sale price of those Toronto Detached homes came in at $1,547,928, down 1.5%. In the rest of TRREB's “primary” market area - “The GTA” or "The 905" (area code, generally), there were 2,098 sales reported for the Detached group, virtually unchanged at -0.1%. The average sale price there was $1,207,295, a steeper drop of -6.7% compared to “The Big Smoke” itself.

On the Condominium Apartment front, sales volume saw an uptick in “T.O.” at +3.3% averaging a sale price of $672,807, off 1.6%. For the rest of the market area those numbers were 510 sales, off 6.6%, at an average of $560,923, down an even five percent.

Quoting ...from the MarketWatch Report…

Daniel Steinfeld, TRREB President:
“With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward. If current trends continue, home prices could start to level off compared to last year. Many would-be homebuyers are waiting for confidence in the market and broader economy to improve before making a purchase. This includes more clarity on tariffs, inflation and borrowing costs.” 

Jason Mercer, TRREB Chief Information Officer:
“While uncertainty about the economy and borrowing costs persists, recent news has been more positive than expected. The latest readings on economic growth and jobs surprised to the upside. This could help bolster consumer confidence and prompt an uptick in home purchases in the months ahead, especially if home prices stabilize as we move through the fall.” 

John DiMichele, TRREB CEO:
"Removing remaining municipal roadblocks to attainable housing is a pressing issue in the GTA and Simcoe County. Restrictive zoning, outdated rules, high taxes and fees, and approval delays are making housing more expensive and are key issues in the upcoming municipal election. They add tens of thousands of dollars to the cost of every home and need to be reformed.”

Well, as noted in our headline in last month’s post, is “A Floor Being Built? 🏗️” under prices? Finally? Two or three upticks in a row may well push some buyers off the fence… then again, we still see a major affordability issue for many buyers - particularly the younger folks.

Update from the Inventory Front

As we’ve oft noted, residential real estate market “seasonality” is pretty strong the vast majority of the time. Over the past several years - starting with COVID and then the crazy, unsustainable run-up in prices - that seasonality hasn’t been as strong as it has historically at times… but it still has a heavy influence. Spring is busiest, then Fall. Summer comes third as there’s still activity, but attention turns to other things for many with the warmest weather of the year… and slowest is Winter - starting with December and “The Holidays” and finishing as the deep freeze begins to subside and the snow banks fade.

That’s why we use the “year-over-year” comparison: It makes much more sense than comparing “this month to last month”. What’s odd is that inventory as measured by TAL (Total Active Listings) has fallen on that YoY basis every month this year. And it’s fallen on the (less relevant, in our opinion… as noted & elaborated on here many times!... because that stat is “skewed” in that it also includes “Cancelled / Re-Listed” properties) “New Listings” front in every month this year except January. Below is a quick-comparison of the “Year-Over-Year Summary” charts for January, February, March, April, May, and June, 2026 (the July chart is above ⬆️). Inventory is primarily represented, of course, by those two stats - “(Total) Active Listings” and “New Listings”.

So we have inventory down pretty significantly. We have rising sales volume every month since March - until last month (that July figure being pretty flat at -0.9%)... And we have average selling price down every month - and not just by a “sliver”. Including July. So what’s all that point to? Dunno. Maybe a confused market. No big shock there given the B.S. going on in the bigger picture right now I suppose… Anyway… Time - as it unfailingly does - will surely tell.

"Forward inventory" is a “snapshot” total inventory (TAL) versus sales volume... so 5,995 divided by 26,098 giving us “indicated forward inventory” of about four-and-one-third months. That’s actually pretty “normal” by historical standards. All it suggests is that - assuming the rate of sales (volume) stays constant it would take ~4.3 months to sell it all. Interesting, huh? That and a-buck-seventy-five ‘ll get ya a questionable cup of coffee.

Related to above (but - arguably - a little more interesting!) is the “Days on Market” part: The “average home” sold "6.7% slower" at 32 days on the market (DOM) compared to 30. That's for “Listing Days on Market” (LDOM). 

"Property Days on Market" (PDOM), which includes the time a home’s been listed including prior listings - but only if said prior listing was with the same brokerage (Note: See “...skewed…” note above ⬆️ re: the “New Listings” stat… “Franken-numbers”) - came in at 45 days versus 40, “12.5% slower”. 

Just for the record, a DoM of 45 is still on the “fast” side by historical standards… we’ve probably moved into the “historical zone” on that, but we’re at the very bottom of it. The long-term norm is more like 60 days…

Gotta get outside… “August is like the Sunday of Summer”, I read somewhere recently. The “weekend’s almost over”. A kind of wake-up call. Let’s hope for a healthy Fall market - which usually arrives promptly in the days following Labour Day - and, in the meantime, enjoy… The best to you - I appreciate your time. 

Andrew.

@JustBungalows @theBB.group
#JustBungalows #theBB.group #OntarioRealEstate #OntarioBungalows

Questions? Comments? ...We'd ❤️ to hear from you: You can drop us a line here!...

Set Up Your Own Customized SmartSearch

What's your property worth today?

JustBungalows.com Home Page

Browse GTA Bungalows by City / Region

Durham Region  |  Halton Region  |  Peel Region  |  Simcoe County  |  
Toronto by Boroughs  |  Toronto by Neighbourhoods  |  York Region

Browse "Beyond the GTA" Bungalows by City / Region

Brant & Brantford Township  |  Dufferin County  |  Grey County  |  Guelph & Wellington County  |  Haldimand County  |  Haliburton County |  Hamilton [City]  |  Hastings County  |  Kawartha Lakes  |  Kitchener-Waterloo & Cambridge  |  Muskoka District |  Niagara Region  |  Northumberland County  |  Parry Sound District  |  Peterborough City & County | Prince Edward County

SEE CHARTS BENEATH THE REFERENCE MAP FOR FULL JULY 2026 BUNGALOW STATS BROKEN DOWN BY CITY/REGION:

• Total number of Bungalows  / 1 Storey / Single Level Homes Sold on the month
• Average, Median, Mode, Low & High:
  • Asking Price
  • Original Asking Price
  • Sale Price
  • % Listing-to-Selling Price Ratio
  • Property Tax Amounts
  • # of Bedrooms [Above grade level.]
  • # of Bathrooms / Washrooms [Total - all levels.]
  • # of Days on Market [DOM]

Greater Toronto, Ontario - Friday July 3, 2026 - Toronto Regional Real Estate Board [TRREB] President Daniel Steinfeld this morning released the Board's monthly publication, MarketWatch, summarizing residential MLS® market activity statistics for June 2026. In an "Déjà Vu All Over Again" [credit: Baseball back-catcher & Hall of Fame inductee, Yogi Berra] from the prior month, we saw a strong increase in sales while Total Active Listings declined significantly while prices moderated to a lesser degree compared to June 2025.

That's somewhat counter-intuitive, given that "Economics 101" suggests that with declining inventory and increasing sales, prices should strengthen. Obviously not what we saw. It's an "open quote" funny "close quote" market and has been for a while as most are no doubt well aware. As the report says, “...market conditions have tightened through the Spring”.

The report really is a "mixed bag," with - notably - sales of Detached homes in Metro Toronto significantly stronger, while Detached home sales in "The 905" were actually off versus the prior month, but both were significantly stronger year over year.

Kindly note that all figures quoted here are year-over-year comparisons - given the strong seasonality [usually!] of the residential real estate market, unless specifically noted otherwise.

Overall…

Considering all of TRREB’s geographic market area and all Types [e.g., Detached, semi-Detached, townhome, condo, etc.] & Styles [e.g., Bungalows, two-story, split levels, apartment, etc.] of homes, 6,770 MLS® sales were reported on the month - a healthy 9.4% increase compared to last June. 

The average selling price in June was $1,058,658, down 3.9%. Inventory - the total number of homes per sale on TRREB's MLS® system - was also significantly weaker. More on that below.

Bungalows and other single-storey options [e.g., BungaLofts, raised Bungalows, Ranch Style] remain a popular option running at a rate representing about 28% of total home sales for June. Of total available listings, Bungalows represent a hair over 24% of the market - that sampling is based on the week ended June 28, 2026. Note that both of those are unofficial stats and are derived from overall listings and sales for all of the TRREB MLS® system rather than just TRREB’s “primary” trading area. 

Specific Numbers…

In Metropolitan Toronto - or “T.O.” to locals… “The 416” [Area Code] TRREB Realtors® reported firm sales of 792 Detached homes in June, virtually flat at +0.4% YoY. The average selling price of those “solds” came in at $1,648,440… again, all but flat at +0.3%. The balance of the market area - “The 905 [Area Code, very generally]; The “Greater Toronto Area” and a number of Regions on the immediate periphery thereof - 2,464 Detached homes went under "firm" contract - a +12.3% jump - at an average selling price of $1,272,842, a softening of -2.2%.

The area's Condo Apartment market saw its first real jump in some time in terms of sales volume amongst - along with some rekindled “retail” / end user buyer interest - reports of a couple of large investors buying significant volumes of units. In Toronto, 1,124 condo apartments went under firm sale contract, which was an increase of 14.3%. The average sell price was 665,000, down 9% even. The balance of the area saw 590 units sell, up 14.3%, averaging a sale price of $563,874, down 10.6%.

We'll see if the bounce in sales volume continues & establishes a bit of a floor under prices over the near to intermediate term. Last month - May 2026 - saw a 4.2% increase in Condo Apartment sales volume [identical in both Toronto and the periphery] but - similar to June - significantly weaker prices.

Quoting…

From the Report:

TRREB Chief Information Officer Jason Mercer:
“While the average selling price was still down year-over-year in June, the annual rate of decline has receded over the past few months. If market conditions continue to tighten in the second half of 2026, selling prices could move in line with 2025 and eventually post some increases. This would give an increasing number of households the confidence to move back into the marketplace.”

TRREB CEO John DiMichele:
“Housing affordability remains a priority for the region. Development charges, while essential to funding local infrastructure, have substantially increased the upfront cost of housing delivery. This, in turn, contributes to higher purchase prices and rental costs as they can amount to up to 20 per cent of a home’s purchase price. The CanadaOntario DC Reduction Program presents a meaningful opportunity for municipalities to reduce these charges while accessing provincial funding to offset related fiscal impacts.”

TRREB President Daniel Steinfeld:
“After a slow start in the first quarter, we saw a marked improvement in home sales in the second quarter of this year. This result followed TRREB’s 2026 outlook, which called for a year of two halves. We expect accelerating transactions and more competition between buyers in the last six months of the year, helping to satisfy pent-up demand and ultimately resulting in renewed price growth.”

Notes from the Inventory Front

It's certainly not unusual - as we move into the true summer months - to see inventory soften into the residential market's second slowest time of the year [the slowest time being through the Holiday Season / January / February - just before the run-up into the Spring Market [USUALLY!]].

That said, the recent trend - rising sales volume and falling inventory - continued in June. 

Total Active Listings - “TAL” - stood at 27,329 as of month-end - a 13.5% haircut YoY. "New Listings" - which can be skewed due to the fact that the figure includes listings that expired or terminated and subsequently re-listed, which of course are not truly "new" - totalled 17,282 for the month, down 12.9% from last June. Obviously, falling inventory combined with rising sales volume should equate to rising prices. So much for theory.

Think of “Forward Inventory” as a snapshot of how much inventory we have: It’s calculated simple by dividing that TAL ⬆️ by the month’s sales volume to tell us how long it would take to sell all the homes currently on the market given, of course, a constant rate of sales volume. For June that worked out to [27,329 / 6,770 =] just over four months. That’s probably pretty consistent compared to historical norms. A year earlier the figure was “just over 5 months” which we described at the time as “clearly elevated by historical standards”. 

With falling inventory & rising sales volume can a floor be under construction on the pricing front 🧐? Maybe the CUSMA negotiations hold a chunk of that answer… 

Of course they’re both rear-facing stats… all we can look for are the trends. The “Absorption Rate” - as opposed to “Forward Inventory” - just tells us how quickly the market is “absorbing” new listings in the form of sales. “Sales Volume divided by the [skewed!] New Listings figure”. For June that was “.392”; for May ‘26 it was “.372”; April ‘26 was “.348”; a year ago it was “.314” -- Hmmm… sounds “trendy”.

Homes took “11.5% longer” to sell on the month at 29 Days on Market [DoM] compared to 26. That’s the “Listing Days on Market” [LDOM] stat which doesn’t take into account the “re-listed” homes noted above [but - THOSE only count if the home’s re-listed with the same Brokerage as the expired / terminated listing. If a Brokerage change occurs coincident with the “re-list” then those ones aren’t included in the stat. See what we mean?! A bit screwy. And probably unnecessary but - hey - we don’t run the big “Stats Mainframe”! 

That other stat is the “Property Days on Market” [PDOM] which does include the homes re-listed with the same Brokerage. That one’s unchanged from 42 DoM. As my wife’s fond of saying, “There are 3 sides to every story… yours, mine, and the “real” one.” So there you have it: The “real truth” lies somewhere between those two numbers. 🤷‍♂️

Regardless - the “LDOM” number is still relatively quick by historical standards; the PDOM is getting more in line… historical being in the 45 to 60 day range in a “normal” market. At least the market’s far more “normal” than it was three-to-six years ago when the Big Bug - a.k.a. COVID - wreaked its havoc.

⚠️ From that June 2026 MarketWatch publication directly: Please note: The PropTx MLS® System, of which TRREB is a part, has added a number of new client boards over the last year. Many of these boards’ Members trade within the Greater Toronto Area and broader Greater Golden Horseshoe regions. As a result, historic data have been updated to reflect the addition of these boards’ listings and transactions. This means historic data have changed relative to previously published static reports. To view updated historic data, click here. Historic MLS® Home Price Index [HPI] data can be viewed here.

As always, this update includes stats from the “primary” TRREB report. That report includes some or all any report outside TRREB’s primary coverage area.

Well, time to get outside and enjoy the summer weather. Hope you’re OK with heat… drink water, stay cool, and remember: in 3 months it’ll be sweatshirt / jacket / rake the leaves season. 🍉⛱️☀️😎🌻 Enjoy… and thanks for stopping by.

Andrew.

Questions? Comments? ...We'd ❤️ to hear from you: You can drop us a line here!...

Set Up Your Own Customized SmartSearch

What's your property worth today?

JustBungalows.com Home Page

Browse GTA Bungalows by City / Region

Durham Region  |  Halton Region  |  Peel Region  |  Simcoe County  |  
Toronto by Boroughs  |  Toronto by Neighbourhoods  |  York Region

Browse "Beyond the GTA" Bungalows by City / Region

Brant & Brantford Township  |  Dufferin County  |  Grey County  |  Guelph & Wellington County  |  Haldimand County  |  Haliburton County |  Hamilton [City]  |  Hastings County  |  Kawartha Lakes  |  Kitchener-Waterloo & Cambridge  |  Muskoka District |  Niagara Region  |  Northumberland County  |  Parry Sound District  |  Peterborough City & County | Prince Edward County

SEE CHARTS BENEATH THE REFERENCE MAP FOR FULL JUNE 2026 BUNGALOW STATS BROKEN DOWN BY CITY/REGION:

• Total number of Bungalows  / 1 Storey / Single Level Homes Sold on the month
• Average, Median, Mode, Low & High:
  • Asking Price
  • Original Asking Price
  • Sale Price
  • % Listing-to-Selling Price Ratio
  • Property Tax Amounts
  • # of Bedrooms [Above grade level.]
  • # of Bathrooms / Washrooms [Total - all levels.]
  • # of Days on Market [DOM]

Greater Toronto, Ontario - Wednesday June 3, 2026 - Daniel Steinfeld, President of the Toronto Regional Real Estate Board [TRREB] today released the Board’s monthly Residential MLS® Market Statistics for May 2026 via their MarketWatch report showing higher sales combined with lower average sales prices and lower inventory. Obviously if sales volume continues to strengthen and inventory continues to contract, higher prices should follow.

Last May - JFTR - the “by-line” here was “May, 2025: Toronto & GTA MLS® home sales: Listings up; Sales down; Prices Steady-to-Lower”. We live in wonky times.

Overall…

Looking at stats across all of TRREB’s primary geographic area & all Types / Styles of home, sales volume totalled 6,583 in May - a 6.3% increase from last May. 

The average selling price came in at $1,069,700, down 4.6% YoY and up 1.7% versus April 2026.

Bungalows continue to be a relatively hot commodity: In the last 2 full weeks of May Bungalow sales were running at about 27% of total sales. Actual Bungalow / One Storey style home inventory was about 23.5% of all inventory - meaning Bungalows were selling at a higher rate than sales of home styles overall - largely, of course, driven by demand from the “55+” downsizers cohort. 

A year earlier, Bungalow sales were about 25¾% of the market; overall Bungalows represented about 21.4% of available homes for sale overall.

Unfortunately Board stats don’t break out much detail with respect to home “Style” [e.g. 1 Storey versus 2 Storey, etc]. It should be noted that the stats we pull to compare Bungalows to the overall market are for TRREB’s entire MLS® System whereas the stats provided via the MarketWatch release are for the Board’s “primary” “Toronto & GTA+” areas only.

More specific Bungalow statistics, average prices by City / Region, and more are available on our Bungalow “QuickStats” page here.

Residential real estate by its nature tends to be very “seasonal” - e.g. the hottest markets to coolest markets tend to be Spring, Fall, Summer, Winter in that order: All figures quoted here are year-over-year comparisons [unless otherwise noted] - as opposed to - for example, month-over-month - for that reason. 

Specific Numbers…

In Metropolitan Toronto, Board Realtors® reported 846 sales of Detached homes in May, up a healthy 8.9%, at an average sale price of $1,610,988, off 6.5%. The balance of TRREB’s market area - The GTA + some peripheral Regions saw 2,390 Detached homes go under firm [e.g. unconditional commitment to purchase with a closing / completion date at some point in the future - generally 2 weeks to 6 months & sometimes even shorter or longer], up an even 9% at an average of $1,268,625, off 3.9%.

The Condo Apartment market continues to be pretty soft, though it did stick with the prevailing overall trend of “Sales Up, Prices Down”: Metro T.O. - “The 416” [area code] - was up 4.2% in terms of sales volume to 1,009 units at an average sale price of $673,841, down five percent even. The rest of the geographic market - “The 905” [area code] - mirrored that percent rise in volume at 526 units averaging $573,531, down 9.5%.

Quoting…

…from the Report:

TRREB Chief Information Officer Jason Mercer:
“Inventory levels trended lower over the past year, but buyers continued to have substantial negotiating power through the spring, helping with affordability. Looking ahead, if sales strengthen further relative to listings, selling prices will level off and even start to grow as we move into 2027.”

TRREB CEO John DiMichele:
“TRREB supports Bill 98, the Building Homes and Improving Transportation Infrastructure Act of 2026, which contains a simple but critical truth: if we want more attainable housing, we need to make it easier, faster, and less expensive to build homes. Many of the concrete measures contained in Bill 98 align with recommendations in TRREB’s recently released policy report, Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario.”

TRREB President Daniel Steinfeld:
“Spring sales have been stronger than last year, reflecting improved affordability stemming from lower selling prices and borrowing costs. Sales are forecast to improve further as we move through the second half of this year. Recovery would be further bolstered by positive news on the trade front along with an easing of geopolitical tensions and related uncertainty.”

On Inventory…

It’s not uncommon to see inventory begin to contract as we head into the summer months & peeps focus moves to end-of-school, summer vacay, the beautiful summer weather, and so on. It’s been a peculiar year though on the inventory front in general.

Inventory fell pretty hard though in YoY terms at 26,927 Total Active Listings as of month-end, down 13.3%. Dividing TAL by the month’s sales volume [6,583] gives us a little over four months of “Forward Inventory” - pretty much in line with historical norms, actually. What that implies is that it would take 4 months to sell all the homes listed right now given a constant rate of sales volume. In other words, a snapshot of market “health” based on inventory versus sales volume. 

“Absorption Rate” is all about how quickly the market’s “absorbing” homes available for sale and is based on the “New Listings” stat [which is less relevant than TAL in our opinion]. It’s calculated by dividing “Sales” by New Listings. That was .372 for May, up big from .286 a year earlier - no big surprise given the sales versus inventory numbers.

Homes took “8% longer” to sell in May at 27 Days on the Market [DoM] compared to 25. That remains - in historical terms - PDQ… Pretty Darned Quick… actually. It’s the good, well-priced properties that are selling relatively quickly, all in all. Many others are just sitting.

Thanks - as always - for stopping by. Gorgeous weather of late - assuming, of course, you’re into heat & humidity as I am. Enjoy… ⛱️🤿🏡🏕️☀️😎🌻🍉…

Andrew.

@JustBungalows @theBB.group
#JustBungalows #theBB.group #OntarioRealEstate #OntarioBungalows

Questions? Comments? ...We'd ❤️ to hear from you: You can drop us a line here!...

Set Up Your Own Customized SmartSearch

What's your property worth today?

JustBungalows.com Home Page

Browse GTA Bungalows by City / Region

Durham Region  |  Halton Region  |  Peel Region  |  Simcoe County  |  
Toronto by Boroughs  |  Toronto by Neighbourhoods  |  York Region

Browse "Beyond the GTA" Bungalows by City / Region

Brant & Brantford Township  |  Dufferin County  |  Grey County  |  Guelph & Wellington County  |  Haldimand County  |  Haliburton County |  Hamilton [City]  |  Hastings County  |  Kawartha Lakes  |  Kitchener-Waterloo & Cambridge  |  Muskoka District |  Niagara Region  |  Northumberland County  |  Parry Sound District  |  Peterborough City & County | Prince Edward County

SEE CHARTS BENEATH THE REFERENCE MAP FOR FULL MAY 2026 BUNGALOW STATS BROKEN DOWN BY CITY/REGION:

• Total number of Bungalows  / 1 Storey / Single Level Homes Sold on the month
• Average, Median, Mode, Low & High:
  • Asking Price
  • Original Asking Price
  • Sale Price
  • % Listing-to-Selling Price Ratio
  • Property Tax Amounts
  • # of Bedrooms [Above grade level.]
  • # of Bathrooms / Washrooms [Total - all levels.]
  • # of Days on Market [DOM]

Greater Toronto, Ontario - Tuesday May 5, 2026 - Toronto Region Real Estate Board [TRREB] President Daniel Steinfeld this morning released the April ‘26 edition of the Board’s monthly publication “MarketWatch” giving a statistical update of residential MLS® market activity. In short, the numbers are somewhat “counter-intuitive” in that prices and inventory both came in lower than April 2025… but activity in terms of sales volume was up a respectable seven percent.

We’ll see if the numbers in the months to come get more in line with the “Statistics 101” supply / demand equation wherein - at the very least - prices should be rising as sales volume rises and inventory levels soften.

All figures reported herein are year-over-year [YoY] comparisons except where specifically noted otherwise respecting the typically strong seasonality of the residential real estate market.

The Big Picture

Overall - Including all “Classes” - e.g. Freehold, Condominium, Land Lease, etc] and “Types” of homes - e.g. Detached, Townhome, Apartments, etc] - and all of TRREB’s market area - which does, it’s important to note - change from time to time - the average home sale price was $1,051,969 in April, down 4.9%. Sales Volume on the month - MLS® sales only and not including new home builder sales unless those are listed on MLS® [which is actually more common in softer markets where builders seek broader expose to potential buyers] was up 7% as noted above - specifically those numbers were 5,946 this April compared to 5,556 [adjusted].

Specific Figures by Home Type

Sales of Detached homes in Metro Toronto “proper” - “The 416” [area code], generally - were up 6.6% to 770 units averaging a selling price of $1,668,973, off 1.9%. In the periphery of the city - “The 905” [area code] - 1,989 sales of Detached homes were reported on the month, up 10.3%, averaging $1,257,987, down an even five percent.

Sales of Condominium Apartments totalled 1,186 in Toronto, down 15.5%, at an average sell price of $729,392 which represents a “negative one-half-of-one-percent” change. In the rest of the market area, 656 sales were posted in March, down 7.5%, averaging $646,989, up 0.3%.

BUNGALOWS FOR SALE IN ONTARIO generally remain a hot topic as empty nesters continue to downsize - often aiming to sell larger homes in and around Metro T.O. and re-locating further afield most of the time [and taking some - usually - tax-free dollars out of the market in order to pad retirement accounts, help kids get into the market [sometimes referred to as the BOM - or Bank of Mom]].

But Bungalows also continue to gain in popularity with younger peeps looking to trade, as one example, condo balconies for back yards & decks… and they’ve also been for a long time popular with the contractor segment as it’s relatively lucrative to expand living space or add another unit [e.g. “In-law suite”]... or even demolish & rebuild on those generally larger lots.

In the seven days ending May 4, 2026 897 Bungalows sold thru TRREB’s MLS® System representing 26.2% of the market. Compare that to the week ended May 5, 2024 in which 549 Bungalows sold which was 21.8% of the overall market. Reminder: These stats - while we believe them to be accurate - are “unofficial”. 

For more specific statistics on Toronto Area Bungalows for Sale - including much of South-Central Ontario see our “Bungalow Quick Stats” in the Resources section here at JustBungalows.com including all the numbers specific to Single Storey market activity such as Sales Volume & Prices [& % List-to-Sale price ratio, Number of Beds & Baths, Property tax, etc etc] by Area along with a map to summarize sold prices and Bungalows presently available for sale by City / Region. You’ll also find links to “archives” of that info if you’re interested…

Quotable…

Board Chief Information Officer Jason Mercer:
“Lower home prices and borrowing costs over the past year have been a catalyst for some homebuyers this spring. However, we still have a substantial amount of pent-up demand in the marketplace. More certainty on the trade front and an easing in geopolitical tensions would result in further improvements in market activity.”

[Side note: We have no idea why Mr. Mercer’s job title keeps changing but maybe we’ll come up with some stats on that next month! Last month is was “Chief Statistical Analyst” and it seems it changes regularly!?]

Board CEO John DiMichele:
“We recently released a major new housing policy report, ‘Removing Roadblocks: Tackling Municipal Barriers to Housing Supply and Affordability in Ontario,’ outlining the next phase of provincial housing policy reforms needed to build more of the right types of homes and improve affordability for Ontarians. While historic progress has been made, we must continue the work of removing the decades of legislative and regulatory red tape, outdated local rules, and rising municipal costs that are blocking new housing in Ontario. “This report is a roadmap for cutting red tape and unlocking new housing supply.”

Board President Daniel Steinfeld:
“We have experienced an uptick in home buying activity so far this spring. Buyers have taken advantage of more affordable housing market conditions on the back of lower home prices. If market conditions continue to tighten and home prices level off, this could be a signal to intending homebuyers who remain on the sidelines.”

On Inventory…

“Total Active Listings” at April month-end were 17,097, down 6.4%. Odd for “Spring Market”. “New Listings” - a “less relevant” stat in our opinion [that figure includes homes “re-listed” which can skew actual new inventory as we’ve pointed out here before] totalled 17,097 homes available for sale, down 9.3%.

“Forward Inventory” - Total Active Listings divided by Total Sales volume estimating the length of time it would take to sell all homes currently on the market given a constant rate of sales - came to 4.22 months of inventory available… that’s coming more in line with historical norms, actually.

Homes took “16% longer to sell” this April: 29 Days on Market [DoM] compared to 25. Still relatively quick by historical standards - but remember, that’s the Sold homes - it doesn’t include all the homes on the market and the “Property Days on Market” - which includes homes where the listing was terminated & re-listed - but only if that new listing was with the same Brokerage as the terminated listing - was a much higher 43 DoM indicating that “re-list” activity is “robust” as sellers cancel listings and re-list to “freshen up” their listing - usually coincident with a price “adjustment” [read “reduction”, of course]. Here’s a bit deeper explanation of the difference between the two:

“LDOM” versus “PDOM” quoted in the charts: Listing Days on Market represents the average number of days homes took to sell during the listing contract term in place when the home actually sold. Property Days on Market represents the number of days the property took to sell including previous listings with the same brokerage. Bottom line: PDOM is actually more accurate in terms of how long homes are taking to sell currently, but it’s actually an “incomplete” statistic in that it doesn’t include the days on the market in cases where a seller relists with a different broker.

As always, thanks for “tuning in”. Looking forward to getting outside as the weather warms… and the Blue Jays’ season gathers steam. 🤞🪴🌻☔️🌹🪻🥀⚾️🏟️

Andrew.

@JustBungalows @theBB.group
#JustBungalows #theBB.group #OntarioRealEstate #OntarioBungalows

Questions? Comments? ...We'd ❤️ to hear from you: You can drop us a line here!...

Set Up Your Own Customized SmartSearch

What's your property worth today?

JustBungalows.com Home Page

Browse GTA Bungalows by City / Region

Durham Region  |  Halton Region  |  Peel Region  |  Simcoe County  |  
Toronto by Boroughs  |  Toronto by Neighbourhoods  |  York Region

Browse "Beyond the GTA" Bungalows by City / Region

Brant & Brantford Township  |  Dufferin County  |  Grey County  |  Guelph & Wellington County  |  Haldimand County  |  Haliburton County |  Hamilton [City]  |  Hastings County  |  Kawartha Lakes  |  Kitchener-Waterloo & Cambridge  |  Muskoka District |  Niagara Region  |  Northumberland County  |  Parry Sound District  |  Peterborough City & County | Prince Edward County