“The GTA housing market, which has been grappling with strong demand and low supply for many months, began to show signs of further tightening and increased competition amongst buyers as it headed into the important fall season. While normal seasonal patterns see prices rising during September and October, the unprecedented current market imbalance could provide a further jolt in the next couple months — which is surprising to say given the explosive price growth already experienced. But with active listings at more than 25-year lows, this may be a foregone conclusion. All eyes are on new listings, and whether the volume of new supply that comes onstream this fall will be enough to calm the market.”

Excerpt from the September 2021 Monthly Housing Report Prepared Exclusively for Royal LePage Signature Realty by Urbanation Inc.

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