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The HuffPost reports that Toronto's real estate bubble is in a sharp decline that is now causing deals to go bad. Lenders are taking a hard look at home values and in some cases, cutting the amount of loan that they are willing to give, on already agreed upon deals. For some buyers, suddenly needing an extra $150,000 to close will cause them to walk from the deal.
To read the whole article, please visit: Sliding Prices Wreak Havoc In Toronto's Housing Market
If the market crash is causing you to consider your options, contact us to see how we can help.