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AN OUTBURST OF ACTION IN AN IDLE MARKET

After a dismal fall streched into a bleak December in Toronto's housing market, many agents were nervous about what January might bring.  but, while the market continues to be skiggish in some areas, a few bidding skimishes popped up in the opening weeks of 2009, A Victorian semi-detached on Brunswick Avenue hit the market on a Friday with an asking price pf $464,000.  by Monday morning, offers had started rolling in.  Later that evening there were seven bids and the house sold for $492,000. Another house was listed at $559,000, selling for $611,000. after seven days on the market in January.

Posted by Susanna McLean on February 6, 2009
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