Toronto owners strain to sell their homes as tens of thousands sit on market

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Toronto,Real,Estate

Even real estate agents seem to be losing their high hopes for a quick recovery of Toronto's painfully slow real estate market, which has been in a...

for a quick recovery of Toronto's painfully slow real estate market, which has been in a steep downswing for months, as far as sales are concerned., show that there are still far fewer homes changing hands than the city is used to, along with some other troubling trends.There were 4,975 total homes sales across the GTA over the course of the month, which is 5.

Even with sales activity now only down single-digit percentages from the same time last year , these data points signify a lot about the state of the market for sellers and developers —, which experts have said is faltering due to the region's surplus of tiny, unlivable, overpriced, commodified units that were"built for speculators who had no intention of living in them," as they once offered a guaranteed profit, but now, do not.

 

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