Toronto Housing Market Crisis: Where Did All the Listings Go? ... Why Sellers are GIVING UP

Toronto Housing Market Update: Sales Up 1.7%, Prices Down 6.7% — The Real Story Is Listings Collapsing The script argues that March’s GTA housing headlines are misleading: sales rose just 1.7% year over year, but prices fell 6.7% and new listings dropped 16.7%, keeping the market firmly in buyers’ territory. The key story is a surprising tightening on the seller side after two years of record-high supply, suggesting many owners are choosing to hold rather than sell at lower valuations, or are attempting to rent instead, as lease listings hit record highs. Despite rising mortgage delinquencies and warnings that up to 150,000 borrowers may struggle refinancing, many sellers have equity and can avoid forced sales, though more supply could still appear as listings typically peak in April–June. The episode also discusses how GST/HST relief on new homes could shift demand from resale to new builds and pressure resale prices. 00:00 Sales Up Prices Down 01:21 Headlines Misread 05:02 Listings Collapse Chart 06:27 Why Sellers Hold 08:14 Renewal Wall Reality 10:30 Forced Holding Not Selling 11:54 Prices Back To 2021 13:24 GST HST Policy Shock 15:33 Inventory And Equilibrium 16:55 Key Takeaways And Outlook