While sellers are returning to the market, demand hasn’t kept pace.

The sales-to-new listings ratio of 30% in April remained at a more than 30-year low for the second straight month, falling well below the 10-year average of 52% and a balanced range of 40-60%.

GTA inventory levels are now at their highest April level in over 30 years, with months of supply doubling in the condo market (6.8) and detached market (4.6) from this time last year.

Conditions remain favourable to buyers, especially in segments with elevated inventory levels.

How should these numbers effect your buying or selling strategy? Reach out for guidance.