The first line in chart below shows the number of listings in the Greater Toronto Area (GTA) that expired, were suspended or were terminated in the past couple of years. We can see that the line has definitely been trending up. In other words, properties are more and more difficult to sell.
The second line in the graph shows expired listings only. What's interesting to note is that the slope of the expired plus suspended plus terminated line is slightly steeper than the slope of the expired only line. This is an indication that sellers and/or their agents have been taking properties off the market and possibly relisting rather than simply letting them expire on their own.
The high level of properties that have either expired or been taken off the market could be indication that the spring market will see a high volume of listings come on the market.