Three and a half years ago, in the midst of the spring 2017 correction, I wrote a blog post called Terminated listings: behind the scenes story indicates house slowdown which was the third most popular blog post all-time on my old Century 21 website. It told the story of how terminations (and subsequent re-listings) were messing with new listings stats, and also showing weaknesses behind the scenes. I posted the blog in May 2017 when the April Freehold number was the 40%, but... [read more]

I've been noticing more terminated listings recently, and they indicate a shift in the Toronto market for houses. Here's an actual example, with a bungalow in W02 Runnymede-Bloor West Village (the listing agent saw my blog post and kindly requested I take down the picture, so that's why it's all blacked out): This house was originally listed on April 25 with a price of $899,000 with an offer night of May 1. It obviously didn't sell on offer... [read more]