In the thick of a housing crisis, there is suddenly a record number of homes for sale in Toronto that nobody wants.
Near Jarvis and Dundas streets, realtor Jamie Page warned his clients two months ago that their condo’s unobstructed lake views, designer credentials and a balcony might not be enough to quickly bait a buyer. He’s not happy to be right. At the end of April, they dropped the price by $21,000 to $589,900 for 550 square feet, which is below average for that size and location. Still, no bites. Not even a showing.
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Realtor Jamie Page has been trying to sell a condo for two months. Despite unobstructed lake views, designer credentials and a balcony, it hasn’t even had a showing.