Toronto Condo Market Tightens; Listings Dip and New Construction Slows

Toronto's condo market shows a unique trend with active listings in the city declining year-over-year despite high overall GTA inventory. This suggests sellers may be holding back due to rentability or price reluctance. Months of inventory remain elevated at 6.4, favoring buyers. Condo prices dropped 8% year-over-year, though sales slightly improved. High near-term completions will boost supply, but new construction starts are declining, signaling future inventory tightening.