TRREB: Strengthening Demand and Lack of Housing Supply Pushes Up Prices in the GTA
Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing.
- Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing.
- “Despite the fact that we have seen positive policy direction over the last couple of years, governments have been failing on the housing supply front for some time.
- Recent polling from Ipsos found that City of Toronto residents gave Council a failing grade on housing affordability and pointed to lack of supply as the major issue.
- GTA REALTORS® reported 9,012 sales through TRREB’s MLS® System in May 2023 – a 24.7 per cent increase compared to May 2022.