there isn't a shortage of listings. There is a shortage of quality listings at fair prices that cater to middle class people that want to buy a place to live in. Those are the ones that sell in 15 minutes with multiple offers. Prices are high and buyers are picky so they end up fighting over the same rare places instead of settling for the thousands of over priced mediocre listings that are aplenty. You can't go on realtor.ca and tell me there's a shortage of listings. Once sellers face reality that buyers aren't going to pay stupid prices for their places, lower prices to reflect actual market prices that sell, then the so called "shortage" will be alleviated.
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