Even with interest rates due to ease up later this year, people have still been extremely hesitant to purchase real estate in Toronto — especially ...

Even with interest rates due to ease up later this year, people have still been extremely hesitant to purchase real estate in Toronto — especially …

  • bradorsomething@ttrpg.network
    0·
    7 months ago

    A number of rich migrants have helped keep the high prices high. Sellers are most likely gambling that, if they hold out and don’t appear desperate, the buyers will meet them where they are. As long as they can stay solvent longer than the buyer can stay unhoused, they win.

    I’ve seen a lot of this arrogance in the car market, too - I walked away last week and they seemed to think I was playing hard to get. The market is soft, but they act like it’s not.