In an environment of high prices and tight inventory, the Ontario housing market is anticipating a slowdown. It is unclear how much the slowdown will last, but it seems that homeowners who want to put a "for sale" sign on their homes might be able to lock in their profits.
Sellers are turning down sweetened offers in order to get better bids on their bungalow with two bedrooms and two bathrooms located outside of Toronto. This is the latest trend in this province's hot real estate market. These are all common situations that real estate agents have seen too many times. They now recommend taking the money and running, as the housing market changes into a new normal.
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