ICYMI: The froth is off: Canadian houses now selling at $200K discounts
The Toronto suburbs, in particular, are yielding a near-daily stream of homes sold at discounts of more than $100,000.in April at $1.6 million. After two months, the sellers let it go for $1.38 million.but ultimately sold for $1.5 million, a price reduction of $300,000. A similar Brampton home spent 35 days on the market at a list price of $1.4 million before sellers accepted an offer that was more than $250,000 lower.
Another phenomenon to hit Canadian real estate in recent weeks has been a spike in “delistings,” homes that are taken off the market after failing to attract any bids. In some regions of Ontario right now,If sellers are chronically overestimating the values of their homes, it’s largely because Canadian home sales had spent more than a year being defined by the exact opposite phenomenon.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The froth is off: Canadian houses now selling at $200K discountsThe plunge is merely a correction of a Canadian real estate market that has been operating beyond economic fundamentals.
Weiterlesen »
Forex Today: Market Scales Back Fed Rate Hike ExpectationsMarkets are revising lower the estimated coming rate hike from the US Federal Reserve, causing a weaker US Dollar and stronger stock markets.
Weiterlesen »
The It List: Off-White beauty collection launches at Holt RenfrewLuxury retail Holt Renfrew recently announced the exclusive Canadian launch of the first beauty collection from the brand Off\u002DWhite.
Weiterlesen »
Türkiye: Process to acquire F-16 jets from US continuesDefence Minister Hulusi Akar says Türkiye expects common sense to prevail after the US House approved legislation that would create a hurdle for President Biden’s plan to sell fighter jets to Ankara.
Weiterlesen »
That Outdoor Voices Dress Is 25% Off During Nordstrom's Anniversary SaleYou can also grab Alo's ridiculously comfy leggings at a major discount.
Weiterlesen »