May 2026 Market Report

• By Mike Heddle
• Posted Thursday, Jun 04, 2026 10:40 am

May 2026 Market Report

“While this May ranks among the slowest we have seen for sales activity, it is important to look at the fuller picture. Since the start of the year, we have seen consistent month-over-month gains in sales activity, and the 6.5 per cent increase in May continues that positive trajectory,” says Bill Duce, CEO of Cornerstone. “The market is rebuilding its momentum steadily, even if we are not yet back to the levels we have seen in previous spring markets. For buyers and sellers who have been waiting on the sidelines, working with a local REALTOR® is important to understand the local market dynamics and trends to consider heading into the summer months.” 

Hamilton-Burlington-Haldimand-Niagara North Area Highlights: 

• Home sales increased 6.5% month-over-month. 

• The number of newly listed properties decreased by 3.5% on a month-over-month basis. 

• The MLS® Home Price Index (HPI) was $744,000 in May 2026, an increase of 0.8% compared to a month ago, and down 5.4% on a year-over-year basis. 

• Inventory across the market area decreased by 9.4% on a year-over-year basis, but due to an increase on a month-over-month basis, the months’ supply increased to 4.8 months for all property types by the end of May. 
  
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