A total of 2,800 listings were pulled from Strata in June, which the firm notes is a shocking 640 per cent increase from January's figures.
"Sellers aren’t getting the price they want on offer night. So they’re terminating, then relisting at the price they want," the latest newsletter from the company reads. "The landscape has shifted in [buyers'] favour as we continue along in this soft buyer’s market. Since January’s record-lows, total inventory has spiked across the GTA. This means buyers not only have more options, but they’re coming to the negotiating table with a renewed strength we haven’t seen in over six months."
The housing market isn’t in trouble if you’re a buyer. 🤷🏻♂️
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