16 May Sellers aren’t panicking in Toronto’s weakened housing market.
Original article via The Star. Click here to read.
In the face of a correction in Toronto’s housing market, sellers aren’t panicking.
Even with transactions at their lowest level since the 2009 recession, sellers in Canada’s largest city have avoided listing their homes en masse in what could be a sign of confidence the market will come back. According to data released Tuesday by the Canadian Real Estate Association, new listings in Toronto fell 8.6 per cent in April from a month earlier and are down nearly 30 per cent from a year ago.