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Why Ontario homes are sitting on the market for months
Homes across Ontario are taking months to sell, a sharp change from the fast-moving market of recent years. Local reporting points to buyers holding back amid high borrowing costs and prices that sellers have been slow to adjust, leaving listings lingering and giving buyers more room to negotiate.
Why now: Slowing home sales and longer listing times are a major concern for buyers, sellers and economists watching Canada's housing market.
Evidence
- Why Ontario homes are sitting on the market for months · Inside Halton
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