Throughout September, buyers in Toronto started to take advantage of more and more affordable conditions brought about by interest rate cuts and lowe…
brought about by interest rate cuts and lower home prices. As a result, many properties — including this one-bedroom, one-bathroom apartment in Toronto — were sold well below their listing prices and original price tags.
The home was re-listed in September 2024, and eventually sold for $1.1 million earlier this month, representing a staggering loss of $328,000 when compared to its price just two years earlier. October 17, 2024 "As buyers take advantage of changes to mortgage lending guidelines and borrowing costs trend lower, home sales will steadily increase in relation to population growth," said TRREB President Jennifer Pearce.
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