Homebuyer tactics: ‘The stink bid is back’
Restraint seems to be the guiding principle of the Toronto-area real estate market in June as buyers move ahead calmly and sellers remain stoic as listings swell.
The Bank of Canada’s move earlier this month to cut its key interest rate to 4.75 per cent from 5 per cent has brought a few more house hunters out, but many buyers are still hesitant in the face of relatively lofty rates and rich prices.
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