Skip to main content
twitter facebook linkedin

Toronto Real Estate Inventory Down 42%

twitter facebook linkedin

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.

Inventory 

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

Sales 

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.

SalesToInventory 

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

Published: October 06, 2009
John Pasalis
John Pasalis
John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors. A specialist in real estate data analysis, John's research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been shared with the IMF and cited by the Bank of Canada and CMHC. A frequent commentator on the Toronto housing market and real estate consumer and industry issues, John has contributed to the Globe and Mail, CBC, BNN Bloomberg, TVO's The Agenda, Toronto Star and other media, national and international government and industry organizations. John holds a B.Sc. in Economics from the University of Toronto and is a candidate in the Doctorate of Business Administration Program at the University of Toronto and Henley Business School (UK).

Get the Stories Behind The Sold Signs—Delivered Right to Your Inbox.