CONCLUSION
The shortage of listings in the Toronto market isn’t letting up.Buyers are frustrated with offer wars in the sub-million dollar category. Homes in the 1 to 2 million dollar range are selling quickly and often for more than list, again due to limited supply. I’m starting to sound like a broken record, as this has been the market now for the past few months.There was a glimmer of good news for March with an increase in total listings of 1.4%. This represents the first year-over-year increase the market has witnessed in a number of months. Let’s hope this trend continues.My prediction – once the flowers bloom, we’ll see many more For Sale signs, leading to a more balanced market.
