A new report by Zoocasa has identified the most competitive and least competitive housing markets in Ontario based on each city’s sales-to-new-listings ratio (SNLR) in October 2022. According to Zoocasa, SNLR is used to “effectively show the level of demand and supply in each area, and help identify how much competition local buyers face with regard to supply.” Photo via Shutterstock An SNLR under 40% indicates a buyers’ market and right now, there is only one market with an SNLR under 40% in Ontario. Sadly, there are no other buyers’ markets in Ontario according to the Zoocasa report.