This Cambridge, Ont. home, which recently sold at a significant loss, is no exception, and is one of many properties in Ontario that failed to sell multiple times even with hefty discounts.
The 3,300-square-foot residence was first sold in February 2022 for $2,275,000, at a time when cheaper borrowing rates led to However, TRREB Chief Market Analyst Jason Mercer notes that as demand picks up throughout the region, sellers will see renewed upward pressure on home prices as competition between buyers continues to increase.
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