home sales and listings were up in February from last year, but adjusted sales were down from a month earlier, the region's real estate board said Tuesday.
To minimize higher monthly payments, Pearce said some buyers have likely saved up a larger down payment, chosen to purchase a less expensive home type or looked to a different location in the Greater, there were 1,971 sales last month, up 13.7 per cent from February 2023. Throughout the rest of the GTA, home sales were up 20.4 per cent to 3,636.“You have to look to some of these outlying areas to see where people can live and still can afford to buy a house.
“People seem to be really holding to a price point, in terms of what they feel that they can spend or can afford on a property and they don't seem to be going above that.” “As we move through 2024, an increasing number of buyers will re-enter the market with adjusted housing preferences to account for higher borrowing costs,” he said.
Man accused of using loopholes in ServiceOntario procedures in 'large-scale crime' involving 100+ vehicles
Source: Real Estate Daily Report (realestatedailyreport.net)
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