Ontario homes keep selling at notable losses but experts say market should rebound soon

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A well-supplied Ontario housing market throughout the spring and early summer meant that potential home buyers benefitted from increased choice and...

A well-supplied Ontario housing market throughout the spring and early summer meant that potential home buyers benefitted from increased choice and

According to its listing, the townhouse boasts three bedrooms, four bathrooms, stainless steel appliances, and a walkout to the stone patio. The property's interesting sales history was shared byThe townhouse first sold for $765,000 in October 2023. Just six months later, the home was re-listed for $789,900, but failed to attract any buyers.In May, the home was put back on the market at a slight reduction, but the listing was terminated a short while later.

Many other properties throughout Ontario have sold well below their listing prices this year, including a three-bedroom home in Toronto's Silverthorn neighbourhood, whichsays that activity in the country's market saw some early signs of renewed life in June 2024, following the Bank of Canada's interest rate cut.

 

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