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Toronto housing market just crossed a historic milestone amid market collapse

To anyone at all involved in Toronto's housing market, the only stat more alarming than the unanticipated crash in home sales across the region over the past many months is the simultaneous influx of new listings, which now amount to the largest glut in memory.Topping the points of 2024 when the city reached a high point of more than 20,000 houses and condos on the market, this year has kicked off with even worse news for realtors and homeowners.As of this week, according to the latest MLS stats circulating on industry social media, there are now more than an astounding 32,000 active residential real estate listings in the GTA, not even counting never-lived-in units. This is the most in many years, perhaps ever, and has created the largest disparity the city has seen between supply and demand.The 32,082 figure was shared to X by realtor and expert Robert Marsiglio on June 8, and reflects the numbers avail...


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