‘Following one of the slowest months on record in May, June showed signs of stability with sales activity ticking up 0.7 per cent year-over-year across our market areas. Several areas, including Burlington, Cambridge, Hamilton, Mississauga, and Norfolk County, posted stronger sales activity relative to the broader market,’ said Bill Duce, CEO of Cornerstone. ‘On the pricing side, the Home Price Index (HPI) was down year-over-year in all areas, and down month-over-month across all areas, except Norfolk County, which registered a 2.1 per cent increase. Burlington was also the only city to report a year-over-year increase in average sale price. In many areas, the number of new listings was also down month-over-month and year-over-year, which impacts the inventory of homes for sale and the months’ supply. Overall, every city, town, and neighbourhood paints a different picture and offers buyers and sellers distinct opportunities, which is why working with a local REALTOR® who understands your community is more important than ever.’

The HPI composite benchmark declined year-over-year across all of Cornerstone’s major market areas, while only Norfolk County reported an increase month-over-month.

The total inventory across Cornerstone’s market areas increased 1.6 per cent over the previous month and dropped 8.7 per cent year-over-year. There was a 4.8-month supply at the end of June, representing a 2.0 per cent decrease year-over-year. The number of months of inventory represents the time it would take to sell the current inventory at the current sales rate.

In May, the average days on the market across all Cornerstone market areas was 34, compared to 32 days in May 2026.