Sellers in Toronto wrestle with a difficult question: Is it time to slash prices?

by Carolyn Ireland

A house for sale in Toronto, Ont. on Dec. 13, 2021. Many sellers are worried that cutting their house price can signal desperation.

Sellers in the Toronto-area real estate market are tussling with tough questions in a summer of slow sales. Deciding whether to slash their asking price is at the top of the list.

Many homeowners start out with an asking price that allows room for negotiation if an interested buyer comes in with a lower offer. If they cut that price, they fear they’ll have to haggle down from there.

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