Past few yr, Toronto real estate faced uncertainty, not just pricing pressure.
Rates jumped after early 2022; borrowing costs stayed far above pandemic lows.
Inventory MoM ↓ to ~4.7; new listings lower yearly, easing post-correction rush.
Affordability still hurts, but clearer expectations can shift buyers from waiting to planning.
More Ontario housing policy support aims to rebuild confidence among households and builders.
Leaders stress certainty; market psychology ties to policy consistency, jobs, trade, confidence.
Sales are up and listings are shrinking. Is now the time to buy a home in Toronto?
Canadian home sales rose 5.5% month-over-month in May, marking the first significant increase this year. In the Greater Toronto Area, sales increased 6.3% year-over-year, while average home prices fell 4.6% to about $1.07 million. Buyers...
