Credit to the folks at the betterdwelling.com for pulling this information together. According to the latest numbers from the Canadian Real Estate Association (CREA), some regions are being flooded with inventory compared to last year. Toronto and its surrounding suburbs are leading in the growth of new listings, and Vancouver is leading in the decline. More importantly, here’s how that inventory is being picked up.
Toronto And Suburbs Lead New Listings Growth Year To Date
Southern Ontario leads the growth in new listings across the country, according to CREA. Leading new listing growth was the Hamilton-Burlington area, which is popular with Toronto commuters. The region saw 14,613 new listings year to date, a 15.6% increase when compared to the same period last year. In second was Toronto, with 126,998 new listings year to date, a 13.7% increase when compared to the same period. Analysts and developers are going to want to note that both of these are located in the same economic region.