Some buyers, meanwhile, are watching their rivals flow out of town for holidays and can take advantage of their absence to snag a good deal, says Patrick Rocca of Bosley Real Estate Ltd.“Everything I listed in June and July has already sold,” he says.
The economist considers the Toronto market in slow recovery mode. Minor setbacks in Vancouver, Calgary and Edmonton in June after a few encouraging months serve as a reminder that the path forward is going to be “flat-ish,Story continues below advertisement She recently listed a two-bedroom penthouse for sale at the popular Granite Place twin towers. Unit 1901, with just less than 2,000 square feet of living space, has an asking price of $2.85-million.The unit is unusual because it has vaulted ceilings in the living and dining areas, she says, and the views to the south and west will remain unobstructed.Ms.
She says her buyer waited patiently through several cuts in the asking price until the seller faced reality. But the client was keen to keep looking – even during the sleepy summer months.
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