There is a defenite lack of home listings on the Toronto Real Estate market. Real Estate listing were down 41 per cent from one year ago according to Remax Ontario Atlantic Canada.
Nationally, 81 per cent of the Real Estate markets showed a sharp decline in listings contributing to upward pressure on home prices.
This lack of supply is creating a sellers market with buyers having less to choose from. A balanced Real Estate market is much better for both buyers and sellers.
Here is how some of the Canadian Real Estate markets registered:
- Toronto -41%
- Saskatoon-37%
- Kitchener-Waterloo-33%
- Victoria and Ottawas-30%
- Greater Vancouver-27%
In Toronto the lack of Real Estate listings has been in a downward trend since October, 2009 with prices and sales dropping monthly.
