With fewer homes for sale, competition returns to Toronto’s housing market [Toronto Globe and Mail (Ontario, Canada)]
Royal Bank Of Canada (RY)
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Source: Toronto Globe and Mail
With fewer homes for sale, competition returns to Toronto’s housing market “What do I have to pay to get it?” is a question that some Toronto-area real estate buyers are beginning to ask again. Rick DeClute of Union Brokerage Realty Inc. says that was a common question during the market frenzy of 216 and 217, but he has scarcely heard it from his clients since. In the opening weeks of 219, however, listings for good properties are hard to come by and buyers are more willing to compete than they have been for some time. Story continues below advertisement Mr. DeClute figured that he might see more than one offer for a detached house he recently listed for sale in the Beaches neighbourhood with an asking price of $1.299-milion. But he was surprised when 1 offers landed on the table and the three-bedroom house sold for $1.681-million. Mr. DeClute’s sister and business partner, Rochelle DeClute, says the team booked more than 7 appointments to show a semi-detached house listed with an ask
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