Reverse offer? How a slow Canada housing market is forcing sellers to get creative

A flood of listings is creating a buyer's market in some Canadian housing markets and forcing some sellers to get creative to land a deal. In Toronto, where there is a plethora of condos, for example, some sellers are even letting buyers know they’d go lower than asking – in what’s called a “reverse offer.” But even as condo sales are down, prices continue to climb due to high construction costs. Global's senior business reporter Anne Gaviola reports. For more info, please go to https://globalnews.ca/news/10577539/slow-housing-market-toronto-condos/ Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #housingmarket #realestate

Jun 23, 2024 - 21:30
Reverse offer? How a slow Canada housing market is forcing sellers to get creative

AMAZON.CA DEALS

AMAZON.CA DEALS

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Channel: Global News  

A flood of listings is creating a buyer's market in some Canadian housing markets and forcing some sellers to get creative to land a deal.

In Toronto, where there is a plethora of condos, for example, some sellers are even letting buyers know they’d go lower than asking – in what’s called a “reverse offer.”

But even as condo sales are down, prices continue to climb due to high construction costs. Global's senior business reporter Anne Gaviola reports.

For more info, please go to https://globalnews.ca/news/10577539/slow-housing-market-toronto-condos/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on X HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #housingmarket #realestate

Video length: 1:42
Category: News & Politics
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