As Toronto's once-hot real estate market continues to shows signs of cooling, one realtor says sellers are growing increasingly “desperate."
On Wednesday, the Toronto Regional Real Estate Board said home prices in the GTA dropped for the fourth consecutive month in June by just over 41 per cent compared with the same month last year. Roughly 6,500 homes were sold in the Toronto area last month compared to just over 11,000 in June 2021, TRREB said.
With that in mind, he said his “number one” piece of advice for prospective purchasers is to sell your current property first then buy your new one.
Home prices are still up compared to last year, only the buy & sell trend is cooling, nothing else.
Here's soon free advise- sell and move to Costa Rica. Your welcome
What goes up, must come downnnnn.
About time there was a market correction.
Didn't we all see this coming? You had to know the housing market couldn't keep up that pace forever.
Sellers getting desperate? LOL! It's the investors that are desperate! They're the trash that is driving housing prices through the ceiling!
Long way to go.
Not according to the asking price they aren’t
Thank a realtor. They are also a factor as to why the prices went though the roof with their “coming soon” bidding over asking bs.
Should have sold earlier. A dummy could see this coming. Too bad.😎
Realtors are probably starting to get desperate as well.
It's not interest rates. Interest rates are still low. It's people selling and leaving. Not many buyers in the city. The prices are still up for homes.
Because they except to make huge profits on every sale.
Good.prices needed to ho down.
a realtor wants you to sell? shocking, couldnt be because they have been so damn greedy the past few years
Oh.. advice from an agent to sell…
Sell to whom?
Im ready and in the market to buy firm.
Im ready to buy. I
Realtors are savages and DO NOT CARE ABOUT YOU. Don't forget that. You best interest is not theirs.
Inflation will not stop to keep going higher till govt stops wasteful spending under the umbrella of covid 19 variants and ukraine with global warming.. Putin not playing ball with WEF and ukraine war was avoidable but almost aeems like it was part of WEF agenda…call me crazy
People sre selling as latest rate hikes putting lots of those who bought high under water…wonder a 1% rate hike on a $1 million dollar mortgage….make no mistake this is govts fault of rising rates and carbon gas taxes to put a knife in You
That's how Realtors make money
nothing like being a bottom seller
This should be illegal absolutely ridiculous on the working Canadian. Not everyone can afford this I’m 23 and see new homeless people everyday from this careless society decisions it’s absolutely heartbreaking and makes me question my future living in Canada and I was born here
Real advice. Stay put. Don't sell. Ride out the storm. Of course realtors won't like that but they've been on a gravy train for twenty years.
But please not to Chinese people
Organized collapse
Or sell now maybe ...😏🤷♂️
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