Canada

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.

So then reduce the prices.

You can't call it a collapse, complain about all the supply you have, refuse to reduce prices, and rally to the praises of free-market capitalism. The market has spoken. You have overvalued your property. Now give us houses and take your loss.

"Market collapse". If only.

And the prices are falling right?

Come onnnn lemme see this bubble burst in my lifetime pleaaase

In their graphics things peak at June/July, so realistically this feels like a metric that should be shown seasonally adjusted.

I wouldn't say this is a market collapse until we see that in pricing.

The latest publicly-available numbers from the Toronto Regional Real Estate Board (TRREB)'s May 2025 report show a brutal 25.1 per year-over-year cent decline in condo sales across the board, compared to a 13.3 per cent drop for all housing types (including condos).

The number of active listings soared by 41.5 per cent compared to the same time last year, with properties spending 44.4 per cent more time on the market.

nice