Buying Frenzy Leaves Canada With Fewest Homes for Sale on Record
- Just under 86,000 active listings remain after frenetic year
- Sales surged 20% last year from previous annual record in 2020
Homes in Toronto, Ontario, Canada.
Photographer: James MacDonald/BloombergThis article is for subscribers only.
An unprecedented real-estate frenzy has left Canada with the fewest houses for sale in at least a quarter century.
The country had about 86,000 houses left for sale at the end of December on a seasonally-adjusted basis, according to data from the Canadian Real Estate Association. That’s all that was left after buyers purchased a record 667,000 homes over the course of 2021, about 20% more than the previous annual record.