Toronto's housing market continues to experience high demand, with home sales outpacing new listings in January. The tightening of the market is putting upward pressure on prices, leading to concerns for potential buyers. Experts suggest that the ongoing imbalance between supply and demand could result in further price increases in the near future.
According to the Toronto Regional Real Estate Board (TRREB), a total of 6,928 residential transactions were recorded in January 2022, reflecting a 12.6% increase compared to the same period last year. In contrast, the number of new listings recorded during the same month decreased by 12.2%, creating a growing disparity between supply and demand.
