Doug Ford just knocked $400K off the price of his house for sale in Etobicoke DougFord Etobicoke Toronto TorontoRealEstate RealEstate
Sellers can curse the Bank of Canada for hiking interest rates all they want, but the fact of the matter is that the market has shifted; higher borrowing costs have impacted real estate prices to the point where sellers are no longer in power across most parts of the region.taking their property listings down to wait for better market conditionsAnother is sellers posting big, splashy discounts on properties they aren't receiving any offers for...
Ford, who previously stated that he will be moving into his late mother's Etobicoke estate, clearly falls into the latter camp, suggesting that he's motivated to sell.now that it's some $400,000 cheaper? It's nothing to sneeze at with huge walk-in closets, a landscaped pool and nearly 4,500 square feet of living space in an idyllic neighbourhood, but $2.8 million may still be too rich for some in this economy.
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