Fuelled by a drop in prices, there was a short burst of home-buying activity in the Greater Toronto Area (GTA) during this year’s second quarter, but it was cut short by interest rate hikes and a lack of supply, according to a new report from RE/MAX Canada.
Fuelled by a drop in prices, there was a “short burst of home-buying activity” in the Greater Toronto Area during this year’s second quarter, but it was cut short by interest rate hikes and a lack of supply, according to a new report from RE/MAX Canada.
More than 250 parties toured the house over one week, and nine guests presented purchase offers, with the winning bid coming in almost 15 per cent over the asking price