News Formal

Toronto home sellers learning a hard truth: the market has turned

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Sellers have had the upper hand for many years, some still floating the idea of setting an offer date in the hope of fielding multiple bids – not a strategy recommended in the current market

The sputtering Toronto-area fall real estate market is seeing a steady rise in inventory as October begins but skittish potential buyers are looking for more clarity in the outlook for the Canadian economy.

Sellers have had the upper hand for many years, he says, and some still float the idea of setting an offer date in the hope of fielding multiple bids. It’s not a strategy he recommends in the current market, he says.Farah Omran, senior economist at Bank of Nova Scotia, says buyers are in wait-and-see mode as they await more information on the future path of interest rates, inflation and economic activity.

The seasonally adjusted Teranet-National Bank composite national house price index rose 1.6 per cent in August from July. That’s what he calls the “light bulb moment” for many sellers who are holding fast to a higher price, he says.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 5. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,177.18, down 364.09 points): Toronto-Dominion Bank (The). (TSX:TD). Finance. Down $1.42, or 1.7 per cent, to $80.41 on 16.
ソース: SooToday - 🏆 8. / 85 続きを読む »