Toronto’s May real estate market continued to slump. Overall transaction volume declined, led by a significant 25% year-over-year decrease in condominium apartment sales. Detached home sales fell by 8%, while semi-detached homes saw a modest 1% decline. Year-to-date, total transactions are 31% below the five-year average (2021–2025).  Prices were down across all segments. Affordability has improved…

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