‘It’s crickets’: How sellers are getting creative in a slow housing market
Canadian Real Estate Association said this week, even as some standout markets such as Calgary, Edmonton and Saskatoon continue to see activity tick up.Even if buyers aren’t showing up in most Canadian cities, sellers certainly are. At the start of this month, there were roughly 175,000 active property listings across Canada, up 28.4 per cent year-over-year, according to CREA.Across the Greater Toronto Area, there are some 24,000 units including condos and detached homes up for sale — a 14-year high, according to an analysis by Hanif Bayat at Wowa.ca.Active listings for condo units in Toronto are at or near record highs right now, notes John Pasalis, president of Realosophy Realty.But that glut of supply comes as buyers remain priced out of the market.
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