GTA

New listings in the Greater Toronto Area are falling faster than home sales are declining, according to NOW Toronto. The tightening supply means buyers may face fewer options and less bargaining power even in a slower market, while sellers with well-priced homes could see reduced competition. The report examines what this imbalance could mean for both sides of the market heading into the coming months.

New listings of homes for sale in the Greater Toronto Area are dropping faster than sales are declining, according to reporting covered by NOW Toronto. The imbalance between shrinking supply and demand is being flagged as a factor to watch for the local housing market, with implications for prices, buyer competition and market conditions in the region.