GTA Listings Crash, Bank of Canada Turns Hawkish: Housing Market at a Crossroads

GTA listings crashed 14.1% year-over-year in August—the biggest drop in months—creating a supply vacuum that could reignite price growth. With only 12,075 new homes hitting the market, the Toronto Regional Real Estate Board warns that the gap between sales and inventory is a clear signal for buyers: fewer options mean more competition, potentially pushing the benchmark back above $930,000. If this supply crunch persists, the market may be primed for a rebound.

##...