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Toronto seeing most new home listings in Canada but hardly anyone is buying

Predictions that Toronto's housing market would see a triumphant return of the enthusiasm and heat it's historically known for have fallen flat thus far, with sales continuing to dwindle far below hopes and expectations, and new listings continuing to pour onto the market.Nearly 20,000 homes are now up for sale within the GTA, per the Toronto Regional Real Estate Board (TRREB)'s numbers for January, marking a worrying 48.6 per cent uptick in new listings and 70.2 per cent increase in active listings compared to this time last year.The number of sales transactions, meanwhile, has fallen 7.9 per cent over the same time frame, disheartening realtors and sellers who were expecting a bounceback after an abysmal 2024.RBC economists really put these numbers into perspective in a new special housing report that this month compared how the real estate scenes in major cities across Canada are faring.One graph shows Toronto to have the third-biggest year-over...


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