Toronto Employment Trends

The unemployment rate in Toronto was 7.6% as of May 2026, down 0.6% from the previous month. The unemployment rate stood 7.5% below the peak from July 2020 and is below the long-run average.

There were 10,300 more full-time jobs in May 2026 compared to a month earlier. Combined with a loss of 1,500 part-time positions, this led to an increase of 8,800 total jobs in May.

Full-time employment was down 17,100 jobs from the peak in January 2026 but stood 10,300 jobs above the trough in April 2026.

* All figures are seasonally adjusted, 3-month moving averages. Seasonal adjustment removes normal seasonal fluctuations.

The information contained in this report has been prepared by The Canadian Real Estate Association, in co-operation with the Toronto Employment Trends. The information has been drawn from sources deemed to be reliable, but the accuracy and completeness of the information is not guaranteed. In providing this information, neither The Canadian Real Estate Association nor the Toronto Employment Trends assumes any responsibility or liability. Copyright ©2026. The Canadian Real Estate Association. All rights reserved. Reproduction in whole or in part is prohibited without written permission.

Toronto Regional Real Estate Board