May 2019 - Toronto Real Estate Market Update
May 2019 data suggest that Toronto is currently experiencing a seller’s market, meaning the demand for Toronto housing exceeds its supply. This statement is derived from a calculation of 1.63 “inventory in months,” meaning if nothing else was listed in the City of Toronto market (all home types), then it would take 1.63 months for the housing inventory to deplete to 0.
As a note:
0 - 3 inventory in months indicates a seller’s market
3 - 6 inventory in months indicates a balanced market
6+ inventory in months indicates a buyer’s market
Additional resources:
THE MARKET UPDATE ON THIS PAGE IS INTENDED AS A HIGH LEVEL OVERVIEW ONLY. OTHER FACTORS MAY COME INTO PLAY.
