GTA demand continued to improve in May, with sales rising 6% year-over-year to 6,583 transactions as lower prices and five-year fixed mortgage rates stabilizing just above 4% helped draw more buyers back into the market.

Urbanation also noted that May’s stronger labour market, including an increase of 154,000 in full-time employment, provides an important foundation for buyer confidence, though sales activity remains below typical spring levels.

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