Buyers need to stick together
Prices have come down in almost every area in Ontario, and GTA, but so many sellers are still expecting to get unrealistic prices, and/or make money on what they paid. Look, just because you bought in 2020-2022, doesn’t mean you get to automatically make money just for paying your mortgage. We aren’t living in 2023-2024 anymore. You need to sell now? Well, you might need to take a loss. You either need to sell, or you don’t.
If buyers could stop having FOMO, and walk away when the sellers want to turn down reasonable offers, perhaps we could get things to come even more inline to where they should be.
Stop giving in, stop getting into bidding wars. The market needs even more correction. We aren’t living in a sellers market anymore….take their power away!!