1. Months of Inventory (MOI) Is Rising

Most home types across these cities have between 4 and 7 or more months of inventory, with condos often seeing even higher numbers.
More inventory means more options for buyers and downward pressure on prices.

2. Prices Are Falling in Many Segments

While some areas, mainly detached homes in certain cities, experienced slight price growth, most home types saw declines in prices from month to month, especially:

– Townhouses
– Semi-detached homes
– Condos (both townhouse and apartment)

Some segments experienced drops of 3 to 10% in just one month, showing how sensitive the market is to supply and buyer activity right now.

3. Absorption Rates Are Low

Absorption rates, which reflect how quickly homes are selling, remain weak across the board, especially in condo markets.
Low absorption means slower sales and more negotiating power for buyers.

4. A Few Bright Spots

Certain detached markets, like Oakville, Burlington, and Vaughan, saw stronger buyer activity and price increases, showing that move-up buyers and luxury segments are still active despite the overall slowdown.

What This Means

Overall, we are clearly in a buyer’s market, with high inventory, lower sale prices, and longer days on the market. Sellers need to be smart about pricing and presentation, while buyers have more power than they’ve had in years.