Homebuyers and sellers in Canada adjust to a new playing field

by Carolyn Ireland

The home at 87B Bedford Park Ave., in Toronto. The four-bedroom house sold for $2.785-million within 24 hours of listing with an asking price of $2.798-million.

In times of turbulence in the real estate market, sellers often cling to prices from recent history while buyers predict a slide sometime in the future.

The trade war and political turmoil between Canada and the United States has rattled consumers, economists say. As a result, many homebuyers and sellers put their plans on hold.

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