The Toronto-area real estate market is heading into April with some renewed vigour now that March break has passed for Ontario schools.
Some agents do list during school breaks because they figure not every family leaves town and the seller may benefit from competing with fewer rival listings.“If you want to cover your bases and get 100 per cent of your market, wait until after March break,” says Mr. Rocca. Mr. Rocca is listing a traditional four-bedroom house with a centre-hall plan in south Leaside with an asking price of $2.399-million. He will allow offers any time at 111 Hanna Rd. because it is in the price bracket above $2-million.
The couple has grown tired of the concentration of people and traffic around Avenue and Davenport roads, he says. In the smaller town of Whitby, Ont., they’ve found a house in an established suburb.But overall Mr. Jelinek sees a shortage of listings in central Toronto this spring because many people who might downsize from their family homes are choosing to hold onto them.“They’re very cautious before they make an offer.
Stephen Brown, deputy chief North America economist at Capital Economics, points to the data showing national house prices were flat in February compared with January as confirmation that prices have stabilized.pressures are easing, says Mr. Brown, who sees a growing likelihood the Bank of Canada will cut its benchmark interest rate in June.