Toronto home sellers should abandon lofty expectations, high end realtor says [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Open this photo in gallery Andre Kutyan says houses above the $2-million mark, such as this one at 232 Carmichael Ave. in Toronto, are most likely to sit at this time of year. Real estate agent Andre Kutyan has some blunt advice for sellers who are sitting on property in the Toronto-area real estate market: The time has come to abandon lofty expectations. Mr. Kutyan is encouraging many of his sellers to aggressively reduce their asking prices now in a last-ditch effort to sell before Christmas. “I get pro-active with my listings now,” said Mr. Kutyan, of Harvey Kalles Real Estate Ltd. Story continues below advertisement Some sellers are listening, he says, while others are hanging on with what Mr. Kutyan calls “false hopes” the market will pick up in the new year. Mr. Kutyan says houses above the $2-million mark are most likely to sit at this time of year. Developers who tore down small houses to buil
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