top of page
< Back

Educational Materials/Courses

Save this article  > 

Who Will Blink First, Toronto’s Homebuyers Or Home Sellers?

Novak Jankovic
Publication date:
November 11, 2022
Article Summary: 

The article discusses the state of Toronto's housing market and whether homebuyers or sellers will "blink first." While there has been a decline in Toronto's house prices since the start of the year, the decline has not been as steep as many observers had expected. The reason for this is the fact that the decline in home sales was matched by the decline in new listings of homes for sale, keeping the market in a balanced position. However, small gradual increases in sales-to-new-listings ratio have happened, and the sales-to-new-listings ratio hovered around a balanced 50% range in the August–October period. It appears that buyers and sellers in the Toronto housing market are engaged in a market game where each group has temporarily put their respective buy/sell plans on hold. With the prospect of a recession and rising unemployment in the near future, potential homebuyers could more easily postpone their decisions to enter the market than home sellers. This is bound to put further downward pressure on prices in the coming months.


Toronto, housing market, homebuyers, home sellers, decline, sales, new listings, balanced market, buyers’ market, sellers’ market, recession, unemployment.

Source Citation: 
Novak Jankovic
Who Will Blink First, Toronto’s Homebuyers Or Home Sellers?
November 11, 2022
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page