Even with interest rates due to ease up later this year, people have still been extremely hesitant to purchase real estate in Toronto — especially ...

Even with interest rates due to ease up later this year, people have still been extremely hesitant to purchase real estate in Toronto — especially …

  • applepie@kbin.social
    5·
    7 months ago

    when interest goes up price must come down…

    These clowns can’t seem to cope with this basic concept lol

    • bradorsomething@ttrpg.network
      31·
      7 months ago

      A number of rich migrants have helped keep the high prices high. Sellers are most likely gambling that, if they hold out and don’t appear desperate, the buyers will meet them where they are. As long as they can stay solvent longer than the buyer can stay unhoused, they win.

      I’ve seen a lot of this arrogance in the car market, too - I walked away last week and they seemed to think I was playing hard to get. The market is soft, but they act like it’s not.

      • applepie@kbin.social
        1·
        7 months ago

        sentiment does not change over night, going to need the market to do its thing however it does seem like some locations for housing aint budging while others like southern US are in decline.