Everything happening in Toronto real estate this week
Dear reader, The bidding war—a scourge to buyers, boon to sellers and even bigger boon to real estate agents—appears to be back. As inflation continues to tumble, so do interest rates, and experts predict a roaring spring market. In anticipation of the rebound, sellers are jumping the queue and gaming the system by listing their homes well below market value—and it’s working. In Curb Appeal’s top post this week, reporter Ali Amad speaks with three different agents who employed the strategy, one of whom ended up getting their client $146,000 over asking. Also in today’s newsletter: a Yorkville landmark featured in an Atom Egoyan film. Plus, a $20-million art sanctuary in Rosedale. Visit torontolife.com or subscribe to our print edition for all of our real estate coverage and more. |
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| —Barry Jordan Chong, city and real estate editor |
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Interest rates are finally dropping, but experts predict it will take until next spring for the market to jump back into high gear. Until then, savvy sellers are strategically pricing their properties below market value to attract buyers. Here, three agents representing three very different properties explain how they successfully scored well above asking price. |
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| This two-plus-one-bedroom, three-bathroom unit in Yorkville comes with a rare two storeys, 10-foot coffered ceilings, a private courtyard and 24-hour valet service. And it’s currently going for $4.7 million. |
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| Brought to you by Wahi Realty Inc. Brokerage |
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| | What house by a creek would be complete without several gallery spaces, a car elevator, eight bathrooms, curvy walls, an auto workshop and lush gardens—all of it sitting on a 20,000-square-foot lot? |
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