To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over …
  • Glide
    34·
    4 days ago

    As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.

    So then reduce the prices.

    You can’t call it a collapse, complain about all the supply you have, refuse to reduce prices, and rally to the praises of free-market capitalism. The market has spoken. You have overvalued your property. Now give us houses and take your loss.

      • Ahrotahntee
        11·
        3 days ago

        It doesn’t expire but clearly the vacant homes/units need to be taxed harder so sellers can’t just sit on them forever.

        • curiousaur@reddthat.com
          21·
          3 days ago

          Then they would just occupy it with renters while it’s on the market. It doesn’t change the fact that they don’t need to sell, they’d just like to.

          Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we’re all in a much worse way.

          • DoPeopleLookHere@sh.itjust.worksEnglish
            2·
            2 days ago

            Flooding the market with rentals still lowers rental prices?

            Also if there’s more housing than renters, some will have to start selling to avoid the taxes.

  • wise_pancake
    15·
    4 days ago

    In their graphics things peak at June/July, so realistically this feels like a metric that should be shown seasonally adjusted.

    I wouldn’t say this is a market collapse until we see that in pricing.

    • GameGod
      4·
      3 days ago

      The graph of news headlines about the real estate market is the same graph lol. They recycle the same narrative every year.

  • sbv@sh.itjust.worksEnglish
    13·
    4 days ago

    The latest publicly-available numbers from the Toronto Regional Real Estate Board (TRREB)'s May 2025 report show a brutal 25.1 per year-over-year cent decline in condo sales across the board, compared to a 13.3 per cent drop for all housing types (including condos).

    The number of active listings soared by 41.5 per cent compared to the same time last year, with properties spending 44.4 per cent more time on the market.

    nice