Toronto housing market just crossed a historic milestone amid market collapse
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In their graphics things peak at June/July, so realistically this feels like a metric that should be shown seasonally adjusted.
I wouldn’t say this is a market collapse until we see that in pricing.
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“Market collapse”. If only.
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The latest publicly-available numbers from the Toronto Regional Real Estate Board (TRREB)'s May 2025 report show a brutal 25.1 per year-over-year cent decline in condo sales across the board, compared to a 13.3 per cent drop for all housing types (including condos).
The number of active listings soared by 41.5 per cent compared to the same time last year, with properties spending 44.4 per cent more time on the market.
nice
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Come onnnn lemme see this bubble burst in my lifetime pleaaase
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And the prices are falling right?
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And the prices are falling right?
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As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.
So then reduce the prices.
You can’t call it a collapse, complain about all the supply you have, refuse to reduce prices, and rally to the praises of free-market capitalism. The market has spoken. You have overvalued your property. Now give us houses and take your loss.
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In their graphics things peak at June/July, so realistically this feels like a metric that should be shown seasonally adjusted.
I wouldn’t say this is a market collapse until we see that in pricing.
The graph of news headlines about the real estate market is the same graph lol. They recycle the same narrative every year.
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The graph of news headlines about the real estate market is the same graph lol. They recycle the same narrative every year.
Realtor news is a lot like “this is good for bitcoin”
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As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.
So then reduce the prices.
You can’t call it a collapse, complain about all the supply you have, refuse to reduce prices, and rally to the praises of free-market capitalism. The market has spoken. You have overvalued your property. Now give us houses and take your loss.
You only reduce the price if you need to sell the thing. Real estate does not expire.
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You only reduce the price if you need to sell the thing. Real estate does not expire.
It doesn’t expire but clearly the vacant homes/units need to be taxed harder so sellers can’t just sit on them forever.
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It doesn’t expire but clearly the vacant homes/units need to be taxed harder so sellers can’t just sit on them forever.
Then they would just occupy it with renters while it’s on the market. It doesn’t change the fact that they don’t need to sell, they’d just like to.
Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we’re all in a much worse way.
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Then they would just occupy it with renters while it’s on the market. It doesn’t change the fact that they don’t need to sell, they’d just like to.
Housing markets only collapse when people need to sell. People lost their jobs and are in foreclosure. If thats happening then we’re all in a much worse way.
Flooding the market with rentals still lowers rental prices?
Also if there’s more housing than renters, some will have to start selling to avoid the taxes.
