Toronto owners struggle to sell their homes as nearly 20,000 sit on market

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Toronto owners struggle to sell their homes as nearly 20,000 sit on market
OntarioRealEstate
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Companies like Royal LePage may have wanted to dream that 2025 would be a year of improvements for Toronto's real estate market after a rough many mo…

may have wanted to dream that 2025 would be a year of improvements for Toronto 's real estate market after a rough many months, but so far, that wishful thinking has yet to become anywhere near reality.

New listings were up by nearly 50 per cent year-over-year, with properties sitting on the market for 1.9 per cent longer. This is not a devastating blow to stakeholders at this point, but more a continuation of a very concerning trend, with dismal sales volumes continuing month by month in an overvalued, overhyped city that seemingly nothing could bring down.

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