Supply conditions across the GTA continued tightening in April as fewer sellers brought homes to market.

With months of supply declining to a 16-month low of 4.2 months, inventory remains close to double the 10-year average of 2.3 months.

Sellers have become more hesitant to list amid ongoing economic and geopolitical uncertainty, helping gradually rebalance market conditions across some segments.

While overall supply remains elevated relative to historical norms, tightening inventory is beginning to support more stable market conditions, particularly within Toronto’s low-rise market.

Every neighbourhood is responding differently to changing inventory conditions. Curious how yours is? Reach out to learn more.