Toronto Housing Market is Tighter Than it has Been in Years Do not Expect That to Change
The reality is that the Toronto market remains tighter than it has for years on the supply front and many would-be homebuyers have simply given up on it, as evidenced by the drop in frenzy and headline-making bidding wars. But the minimal supply of inventory in Toronto is currently keeping prices high — although not drastically increasing — in the notoriously pricey city. This lack of supply is relentless and, likely, lasting.
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