Real Estate

Are you seeing an increase in listings in your neighbourhood?

  • Last Updated:
  • Jul 26th, 2020 7:18 pm
[OP]
Deal Addict
Mar 2, 2017
3217 posts
6164 upvotes
Toronto/Markham

Are you seeing an increase in listings in your neighbourhood?

The stats are definitely showing listings are ramping up and people are trying to take advantage and list while the market is hot.

Are you seeing this in your respective neighbourhoods (which neighbourhoods)? I can't remember the last time I've seen as many "coming soon to MLS" signs popping up so fast in such a short time frame. Wondering if it's the same across the GTA.

Some stats: Record listings for 2020 this July:




Same for condos, with lower absorbtion:

RE Broker
10 replies
Sr. Member
Nov 25, 2009
642 posts
377 upvotes
Vancouver
GVA here, seems to be very neighborhood dependent. Some are blowing up with no new stock and everything going above asking and I'm seeing some be avg or stagnant
Deal Addict
Jan 5, 2020
1047 posts
1511 upvotes
Nope, not seeing it in my neighbourhood. Seems like my building is selling at record high prices.
Deal Guru
Feb 22, 2011
12505 posts
15988 upvotes
Toronto
I don't know where you are looking but it's definitely not the case in Whitby, East York, Riverdale, Danforth Village or the Beaches. Inventory there is extremely low and everything is selling in days.

Condos are definitely slow in the core right now but my friends at the big five are returning to office in September, I bet it picks up then.
Deal Fanatic
User avatar
Sep 8, 2007
9314 posts
10909 upvotes
Way Out of GTA
Lol....the producer of that chart replying to a Toronto RE Bubble group...

Give the poor bears a Sunday of hope?
4301977E-7CE4-4D40-AFF6-9E6821B70744.jpeg
Deal Guru
Feb 9, 2009
12368 posts
11266 upvotes
cartfan123 wrote: Lol....the producer of that chart replying to a Toronto RE Bubble group...

Give the poor bears a Sunday of hope?

4301977E-7CE4-4D40-AFF6-9E6821B70744.jpeg
Sad.
Jr. Member
Aug 21, 2017
195 posts
132 upvotes
You can get number of listing data from zealty or housesigma for GVA and GTA. This is 2017 all over again, hot market attracts more listings but buyers not catching up.

In 2017~2018 it was due to foreign buyer's tax and B20, and this time depression and pandemic. History is repeating itself.
RichmondCA wrote: The stats are definitely showing listings are ramping up and people are trying to take advantage and list while the market is hot.

Are you seeing this in your respective neighbourhoods (which neighbourhoods)? I can't remember the last time I've seen as many "coming soon to MLS" signs popping up so fast in such a short time frame. Wondering if it's the same across the GTA.

Some stats: Record listings for 2020 this July:




Same for condos, with lower absorbtion:

Deal Addict
Nov 24, 2013
2271 posts
1609 upvotes
GTA
Listings are slightly above average, but that could be because the spring season has been compressed into the summer one.
Member
Dec 12, 2011
203 posts
224 upvotes
Toronto
Nope. In my neighbourhood seems like hardly anyone is selling their house. I'm at bloor and 427.
Deal Fanatic
Jul 3, 2011
6517 posts
3788 upvotes
Thornhill
Listings in Toronto are back to May 2019 levels at around 6,000

Yes, in some areas they have increased dramatically including C01, C02, W01 and W02 which is where a bulk of sales occur.

Freehold properties are seeing a bigger uptick than condos
Sr. Member
Jan 22, 2012
647 posts
259 upvotes
Bradford
About a month ago there were limited listings and going super fast. Recently in the last 2 weeks quite a few listings have come on the market but not many selling anymore.

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