Toronto Real Estate Inventory Down 42%

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their monthly Market Watch report yesterday and the numbers aren't very encouraging.  We are continuing to see a significant imbalance between the supply and demand for homes in Toronto.

The inventory of homes available for sale in September dropped 42% over the same month in the previous year.


Resale home sales increased by 28% over last year breaking a sales record for the month of September.


The sales-to-inventory ratio for Toronto's market continues to show a strong imbalance between supply and demand.  There are far too many buyers competing for too few houses.


In a balanced market we would expect to see 2 homes sell for every ten that are available for sale(a sales-to-inventory ratio of 20%).  Fifty percent of all homes available for sale sold in September. 

John Pasalis is the Broker owner of Realosophy Realty Inc in Toronto. Email John

Subscribe to the Move Smartly

Market     |    

Toronto’s most authoritative real estate insights, delivered right to your inbox.