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Detached home prices in Toronto are lower than they were a year ago.
The Toronto Real Estate Board's latest stats didn't do much to calm the nerves of hesitant homebuyers. Surging listings and double-digit sales declines have a tendency to do that. But, prospective purchasers, this may be the perfect window of opportunity for you to be out there looking for your next home.
Real estate tech is an emerging industry that has seen a rise in investment, innovation and demand in recent years.
Realtor Manjit Singh of HomeLife Superstars Real Estate Ltd., Brokerage, said the home was his own, and wanted to unload it quickly. He earlier had listed the three-bedroom, four-bath house for $899,000, but it didn't sell. This time, he was going to hold a one-day auction on Wednesday, May 18, with bidding starting at $1.
The problem the housing bears have had is they are reading the same fairy tales about Canada's housing market that the housing bulls continue to suggest all Canadians keep reading. It's time to stop turning the pages and start reading what the words are really saying.