Ontario home sellers face buyers willing to wait for a better deal

by Carolyn Ireland

Many house hunters are waiting for a more significant price drop before they buy.

Some sellers in the current Ontario real estate market are cutting their asking price to a tantalizing level. In many cases, it’s the sole tactic that will entice a buyer.

The challenge for homeowners with languishing properties is that most buyers are not willing to test a seller’s resolve, says Matthew Regan, broker with Re/Max Escarpment Realty.

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