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Toronto: Bidding wars gone for condos, slowing for houses

Posted on 12 October 2012

Sellers seem to be feeling a bit more jittery in Toronto’s fall real estate market. Thanksgiving weekend is typically quiet so the light traffic at open houses last weekend isn’t necessarily a reliable barometer for the October market. Sure enough, new listings picked up again right after the weekend.
Real estate broker John Pasalis of Realosophy Realty Inc. says the market is definitely nerve racking for condo owners who are trying to sell, but some people with a single-family property are also looking at the resale numbers for September and quickly becoming realistic. That means, for example, they’re not so quick to demand offers on a specified date………………………………………..Full Article: Source

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