The Greater Toronto Area is facing its slowest real estate market in 30 years. Inventory is sitting, buyers are holding all the power, and open houses are seeing little to no traffic. But here’s what’s interesting; despite all the stagnation, average home prices have barely budged.

In this episode, Owen and I dive into what’s really going on behind the scenes. It’s been a challenge to move inventory, and every deal comes with its own set of complications. From buyers getting cold feet to mortgage fraud becoming more common, it’s clear that today’s market demands a whole new level of strategy.

We break down what it’s like working through deals in a market that feels frozen, where mutual releases are becoming standard, home inspections are being used as escape clauses, and pre-approvals are filled with missing details.

In this episode, we cover:

- Why buyers are leaving out key information during pre-approvals
- How mutual releases are becoming the norm
- The rise of home inspections being used to walk away from deals
- Growing concerns around mortgage fraud
- And why this is the slowest real estate market we’ve seen in decades

If you’re planning to buy or sell in the GTA, feel free to reach out to me directly at [email protected] or send me a message on Instagram at @davidvcinelli_realtor. Hope you enjoy the episode and we will see you in the next one!#realestate #canada