Toronto Real Estate Revolution - Home Buyers Resist to Buy, Home Sellers Persist on Price
Toronto real estate is undergoing a revolution no less dramatic than the French Revolution. Home Buyers staged a Coup d’état, they boycott buying home in the hope that the housing market will crash as a result. The have-nots wanted a real change in regime. They wanted to transform Canada from an “Sellerland” to a “Buyersphere”. They wanted “Democratic Affordable Home Price-ism”, not “Authoritarian Premium Property Price-ism”. Home sellers on the hand are playing same old, same old … “You wanted a house, pay a premium. Otherwise, you may leave anytime you like, the door is always open. Or you may want to check out Timbuktu”. Meanwhile, media has it Toronto home sales decline continues into June. And the headline continues … Realtors’ internal numbers show Toronto home prices fell more than 6% in two weeks – Sales also plummeted 50% in early June, wiping out about $2.5 billion in market activity That Toro...