Penthouse sells under asking as market turns

The two-level unit has 19-foot ceilings, floor-to-ceiling windows with views of the North Shore Mountains, a garage-style swing door that opens to a 350-square-foot balcony, custom lighting, a gourmet kitchen, and a master bedroom upstairs with a 200-square-foot walk-in closet.

The unit includes two parking stalls and the building allows pets and rentals. Because it’s a boutique building with around 30 units, the maintenance fee is on the high side.“The market is kind of soft, and not the way it was four months ago,” Mr. Watt said. “Having said that, people are starting to come back to the table. A lot of people haven’t bought yet and missed out due to multiple offers. Of course, now they are negotiating, whereas before you paid over-asking.

Buyers who are selling a house don’t have to worry about interest rates like first-time buyers, he adds.to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Sell first' says Toronto realtor as higher interest rates, rising inflation cool city's housing marketAs Toronto's once-hot real estate market continues to shows signs of cooling, one realtor says sellers are growing increasingly “desperate.' Or sell now maybe ...😏🤷‍♂️ Organized collapse
Source: CP24 - 🏆 30. / 67 Read more »

'Sell first' says Toronto realtor as higher interest rates, rising inflation cool city's housing marketAs Toronto's once-hot real estate market continues to shows signs of cooling, one realtor says sellers are growing increasingly “desperate.'
Source: CTVToronto - 🏆 9. / 84 Read more »

Opinion | The stock market is plunging. What should you do to protect your investments?Opinion: It’s a common bear-market practice to quit the market, other investors double down by ‘buying on dips’ and then there’s the sensible option of staying the course, writes David Olive. Always sensible- that’s David Olive. Glad he’s with The Star!
Source: TorontoStar - 🏆 60. / 55 Read more »