Doug Ford relists his house for $400K less as GTA real estate market continues to weaken

  • 📰 CP24
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 67%

Canada Headlines News

Canada Latest News,Canada Headlines

It is a tough time to be selling a house, even for the premier of Ontario.

But that listing was terminated on Monday and the premier has now relisted the property at $2,800,888. It’s an increasingly common tactic in a real estate market that has now seen four consecutive months of price declines amid an aggressive interest rate hiking cycle by the Bank of Canada.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cry me a river poor baby 👶

Market should continue to weaken to force home owners to stop flipping. Deep decline followed by modest gains should be expected for 4-5 years

Drop it to 13k I'll take it. Sorry I mean 1.3k.

Lol. And.

Who cares

I feel so sorry for him.

Does this mean inflation is going down?

Omg .. THIS IS NEWS? The market has contracted everywhere.. Houses that sold in hours over asking, are sitting for weeks now... Give the Ford bashing a rest... Maybe revisit some of the juicy stories the Fed libs want ignored...pro tip

Once again, why is this news

executive homes are always the tackiest/ugliest. 🤷🏼‍♂️

Too much deep cleaning required. DougFordIsDestroyingOntario

He’s getting scared whats coming to him! He’s running 🏃‍♀️ when people find out all this was a hoax and many people died of vaccines 💉

We’re still gonna buy it cheaper henrylstephanie 🏡📉 DevoBrownCondo 😳

Guess he's getting ready to bail Ontario when people find out the truth...

indiawestcanad1 Nice house

krismeloche He’s moving back to his Mom’s basement to work his second job as WiartonWillie’s replacement. WhoSnuffedWillie?

I bet his neighbours will be thrilled when it sells and they move the hell away. No more protesters!

Imagine even thinking of living there 😂

Slow news day ? Will you detail every house sold below asking.

regardless of the market, no one should ever consider this for their family. The sheer amount of psychotic people that just visit this house on the daily basis should devalue this house into the stone age.

He is busy selling his house while people of Ontario are unsafe as corrupt management at TSSA has forced inspectors to strike as management ran away from table.

Yep, he should have gotten out sooner. Media, Government, people who watch CP24 ... all living in a bubble that is about to BURST!

Big deal. Really has turned into a joke

That house suffers from bad karma.

This house is haunted anyway…

Who cares - can you please report on some real news. You know something with substance. Something newsworthy.

$1 ... it's contaminated & bad mojo. Will need lots of sage & exorcism.

Why is this even news?

You mean folks will not pay an extra $400K because he owned it.

Genius...?

Does anyone really care -nobody has money anymore anyway-nor a job and thanks to his bank of canada friends for jacking up interest rates

If he drop it to $400K I will buy it so he don't lose much more.

That's a nice looking house

The fumigation and exorcism costs alone would be astronomical.

Good. Keep going.

Typical liberal media showing the bottom feeders they truly are. If people want to know the price they can find it out. We don’t need CP24 to promote it.

$400,000, wow. How many kilograms of cocaine is that, anybody know?

Weaken is a matter of opinion. From a real estate or seller perspective, sure. For a buyer, it is stronger. All they need to do now is tax the hell out of speculators, and build less condos and more rentals, and we will be on our way to a balanced market.

Another drama.

funny how mortgage rates will do that

Welcome to reality fordnation like everyone else in the housing market is going thru

Who the h*ll cares?

Hope it goes down even more.

Maybe a few more photo ops from the front lawn will increase its value.

Wondering if his wife would sign the sale...🤔

Is it cursed?

LOL! He couldn't sell it at that inflated price! Poor Doug. His economy didn't come 'roaring back'! LOL!

It's not worth that much. Banks won't fund anyone for that.

😂🤣😂

Home inspector found questionable integrity.

Don’t worry though, he’ll grift it back in September.

try 1.2M less

And by putting a few 8s in the asking price trying to attract Chinese buyer 🤢🤮

Trudeau is ruining Canada, and seems not to care in the least

Still not worth it

Mr Business didn't see this coming

Should be $1.5 million, also get a plumbing inspection…🤪

Poor guy. How is he going to survive?

Poor thing! Most of us really don't care about this.

krismeloche This makes total sense to me. Why would anyone want to buy in a province that has little to no health care, with a provincial government that seems intent on privatizing same. Also education - who would want to bring children to a province that doesn't prioritize education.

Who cares?

Has he called Frank Leo? He sells homes for $300,000 over asking… and if he can’t sell it he buys it himself 🤯

Thank you for tweeting updates on the price of Doug Ford's house. Very riveting.

Does it come with an exorcism?

I'm sure his Lordship isn't hurting...

Dog whistling for left wing haters

Yippee. I cut my toenails today

Poll: Will the real estate market crash due to soaring interest rates?

I have 5$

I guess fordnation did not get any suckers to take the bait. It was definitely overpriced for the current market. I think the relist is still about $.5M over. I hope people just say NO!

High interest rates..high rent!! He will be ok...

jfc what an eyesore

Have to drop it another $200K to make up for the smell of stale beer, pizza boxes, and farts.

what a fucking saint .. 😒😒

BoC said they're going to keep ----- increasing interest rates And a ------- 'historic' housing correction is underway, RBC says. Here is how much prices could ----- fall. 👇

ONpoli Losing 12% of in 2 weeks? Now he knows how every nurse in Ontario feels.

Bubble bursted a long time ago on that place too much renovation upkeep....😏

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 30. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion | Cautionary tales for Doug Ford’s Progressive Conservatives on the unseen dangers of majority ruleHistory teaches that large majority governments, particularly those without effective opposition, can quickly sow the seeds of their eventual defeat. jaimewatt TorontoStar Majority rule is only good when liberals have it?
Source: natnewswatch - 🏆 58. / 59 Read more »

Denley: Giving more power to Ottawa's mayor is a terrible idea, Premier FordTurning city government into a quasi\u002Ddictatorship might be quite attractive — for the dictator. Not so much for citizens and city councillors. No it’s a good idea. Like New York. The mayor has the final word not some council that only lives in their own bubble We’d all be masking again
Source: OttawaCitizen - 🏆 21. / 68 Read more »

Advocates call on Ford government to double ODSP amid rising cost of living | CBC NewsAn open letter from the Income Security Advocacy Centre is asking the Ford government to double disability payments. The letter has garnered support from more than 200 advocacy groups and cites the rising cost of living as the impetus for the campaign. ODSP should not be provided - at all, for any course that has the religious, counter-intellectual, and poisonous title of 'studies' in the course name. You seem to be forgetting that its in fordnation's best interest that disabled ppl suffer and die. I'm sure he'll just come out & tell DISABLED PPL to get a job & get to work. Demonstrating his lack of understanding & compassion for disabled ppl. The Ford government believes in giving handouts to family, friends and any group they believe will support them. Having compassion for the disabled or HCW or Educators is not something they will do. Highways pander to the rich! Please prove me wrong fordnation do something!
Source: CBCOttawa - 🏆 68. / 51 Read more »

GM, Ford confront Wall Street’s recession fearsAnalysts have been cutting share price targets and profit estimates for the Detroit automakers over the past several weeks
Source: globeandmail - 🏆 5. / 92 Read more »

Morning Mortgage MinuteFrank Napolitano from Mortgage Brokers Ottawa joins us with the latest on Ottawa's real estate market. Tamara Lich was just released.
Source: ctvottawa - 🏆 29. / 67 Read more »

Property.ca - Home to your Next Homegeodaf This is true
Source: CTVNews - 🏆 1. / 99 Read more »