Toronto inventory backing up while buyers idle

by Carolyn Ireland

Toronto home recently sold in the Bedford Park neighbourhood at 352 Brookdale Ave. The agent received a 'bully' offer for the unrenovated detached house after listing it for $1.5-million. The buyer paid $1.71-million.

As the Toronto-area housing market heads into the final weeks of 2023, real estate agents are wondering if indecisive buyers will be able to overcome their inertia in November.

Patrick Rocca, broker with Bosley Real Estate, says sales have been so tepid amid rising inventory in September and October that he’s advising homeowners in some cases to at least consider delaying their listing until buyers perk up.

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