Seller of downtown Toronto condo rejects three early bids, ends up with 10

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A shortage of listings has plagued the GTA market for more than three years now as baby boomers stay put and homeowners opt to renovate their homes rather than pay hefty real estate fees and land transfer taxes for properties that, in many cases, end up in bidding wars that have further pushed prices into the stratosphere.

Seller of downtown Toronto condo rejects three early bids, ends up with 10 by tropics_ in toronto [-] SamtronX 22 points 23 points 24 points 7 days ago (0 children) Not a whole lot to that article.

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Sellers who’ve bought new homes are rushing to list their old property, she adds, but many are not getting the high bids seen a month ago. The Toronto market has been astonishing, with the average sale in the Greater Toronto Area skyrocketing last month to $916,567. That’s up 33.2 per cent from a year ago.

Yes, only three bids exceeded 0,000 but they were all effectively within one percent of each other, and the top price of $480,000 – a full twenty percent more than the list price – was supported by the second ranking bid which was a crushing $1000 shy of this sum.

Seller of downtown Toronto condo rejects three early bids, ends up with 10 The Globe and Mail – Sydnia Yu A check of recent sales in the boutique 2 building showed that a one-bedroom-plus-den unit without parking had sold for $627,000 in March.

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John is a life-long Toronto resident and a 25+ year real estate professional, He knows the diversity of lifestyle and housing choices available in our great city,along with the benefits of urban living and suburban alternatives in surrounding areas. He is working with his wife-partner, Natalie Marche a long term toronto resident and former finance executive, to form "Toronto’s HOME Team".

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The story: As a relatively new real estate agent, Letourneau understood the importance of entering the property market early. The couple were living in a condo at Yonge. renovated, three-bedroom.

Pent-up demand for freshly polished North York condo. Subscriber content.. Patience pays off for sellers of Roncesvalles Village loft.. Seller of downtown Toronto condo rejects three early bids, ends up with 10. June 8 Updated. home of the week.