Current inventory 6536 units available with 1207 units selling down further then last week by 400 units and two hundred less sales, very normal for this time of year to deplete in inventory the only difference this time is the ratio between sales and new inventory.

Year over year active listings and sales for the month of November 2020-2021

Nov 2020:

Active Listings 13,798

Sales: 8727 

63% Remaining Listings

Nov 2021:

Active Listings 10,035

Sales 9,016

11% Remaining listings

It's clearly still a sellers market with homes still selling for preposterous amounts of money.

I stand corrected from last weeks post regarding the Torontos city council passing the affordable housing bill that it was going to affect potential new building and inflate value on the units, the inflate part might still happen but not the building new units part.

I have to dig deeper and research this further but what I was told this this new bill will give builders a better opportunity to dispose long term tenants occupying prime real estate by offering affordable units in there new buildings more then likely supplemented by the Government with a lease to own option.

I have to dig deeper but this makes sense