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Toronto's Real Estate Market - 48% Increase in New Listings Mid April

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John in Toronto Real Estate News

It looks like April might mark the turning point for Toronto's Real Estate Market. For the first time in years we saw new listings increase at a faster rate than sales.  Toronto's real estate market has suffered from a shortage of new listings ever since the market rebounded a year ago. 

The Toronto Real Estate Board reported 4,601 sales during the first two weeks of April, a 25% increase over the same period last year.  New listings on the other hand increased by 48% to 9,512.

Expect to see the growth in new listings outpace the growth in sales over the next few months

AprilTable

John Pasalis is the Broker owner of Realosophy Realty Inc in Toronto. Realosophy focuses on researching Toronto neighbourhoods to help their clients make smarter real estate decisions. Email John
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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).

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