Market Data
Shadow Inventory in Toronto’s Condo Market: The Supply You Don’t See
Beyond the condos listed on MLS, Toronto's market carries a large pool of “shadow inventory”: unsold pre-construction units, developer-held stock, completed-but-unlisted condos, and investor units waiting to list. Here's what it means, how big it is, how it differs from active listings, and what 2026 buyers and sellers should understand.
Jun 7, 2026
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