Is Toronto’s Market Turning a Corner? – December 2023 Market Update

Toronto's housing market is showing signs of improvement with a decline in months of inventory (MOI) and an increase in the sales-to-new listings (SNL) ratio, indicating sales are surpassing new listings. The condo market is also following this trend. More owners are also removing their homes from the market, further reducing MOI. These trends are based on five weeks of data.

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