The GTA condo market showed clearer signs of cyclical recovery in May as new condo listings fell for a ninth consecutive month, including a 24% annual drop, helping bring inventory down from its peak.

Entry-level affordability continued to support buyer activity, while Urbanation noted that falling completions from the 2024–2025 record high are expected to further improve condo supply metrics through the remainder of 2026 and help support price stability.

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