The Toronto-area real estate market lost some steam in February after a burst of activity at the start of 2024 relieved a bit of pent-up demand.
Some homeowners who listed houses for sale but didn’t find a buyer in the moribund fall market are also preparing to try again, agents say. Adjusting for the extra day in February owing to the leap year, sales rose 12.3 per cent last month compared with February, 2023, according to TRREB. In the week leading up to March break for Ontario schools, many agents hold back listings because families often leave town. But Ms. Davis points out that people who are actively looking do much of their searching online.At the end of February she listed a traditional four-bedroom house near Bathurst Street and Eglinton Avenue West in the Cedarvale neighbourhood with an asking price of $1.895-million.
Andre Kutyan, broker with Harvey Kalles Real Estate Ltd., is hearing from homeowners who are contemplating a sale, but the inventory is more of a stream rather than a flood.Andre Kutyan, broker with Harvey Kalles Real Estate Ltd., was preparing to list a house at 87A Bedford Park Ave. before the Ontario March break begins. The four-bedroom house in the family-friendly neighbourhood has an asking price of $3.385-million.Mr.
Mr. Kutyan says the timing of a listing depends on the segment: Empty nesters and downsizers who are looking for a condo unit are not likely to be swayed by the timing of events in the school year.