Just a month ago, February data looked fairly encouraging. New listings were below last year’s levels, inventory pressure was easing, and sellers did not appear to be rushing back to the market.

But mid-March is starting to tell a different story.

After weeks of geopolitical tension and higher oil prices, seller sentiment seems to be shifting. In Toronto, weekly new listings jumped noticeably, and similar patterns are now showing up in Richmond Hill, Markham, and Mississauga.

So the big question is:
Is this just normal spring seasonality — or the beginning of a new wave of seller caution? 👀

If more sellers start listing because of rising economic uncertainty, the spring market could look very different from what many people expected only a few weeks ago.

The next few weeks may be a critical turning point for the GTA housing market. 📊

What do you think — is this seasonal, or a real sentiment shift?