Toronto home sold at $500k loss after 3 weeks on market is sign of desperate times

  • 📰 blogTO
  • ⏱ Reading Time:
  • 30 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Toronto 뉴스

Home,Sold,Loss

Although market conditions in Toronto tightened up in October, prospective home buyers still benefitted from lots of inventory and increased choice. …

, prospective home buyers still benefitted from lots of inventory and increased choice. In fact, many homes — including one North York property — were resold well below their original price tags.

"North York, in particular, is feeling the pinch. This suburban area, known for its family-friendly communities and detached homes has become a hotspot for price drops. Despite being a historically strong market, properties here are struggling to find buyers." , home sales increased strongly year-over-year in October 2024, and the average selling price was up slightly on an annual basis.

"The positive affordability picture brought about by lower borrowing costs and relatively flat home prices, prompted this improvement in market activity."

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 44. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Toronto home sales climbed 14% in October as homebuyers jumped back into the marketCanada’s real estate market showing signs of rebound after as sales activity also swells in other major cities last month
출처: globebusiness - 🏆 31. / 66 더 많은 것을 읽으십시오 »