Sunday, April 30, 2023

Toronto housing 'Dead Cat Bounce'

 A standard 3 bedroom has sold for 1.4M and a big early monster house across the road is listed at 1.8.  There were several bounces after 1929, and it was said that even a dead cat would bounce if dropped from high enough.  **No cats were harmed in the making of this saying.

Now's the time for everybody to list their homes at peak prices.  If anybody is underwater, the banks will do a deal.  A lot more listings will test the cat situation.


No comments: