Newspaper article The Canadian Press

Potential Home Sellers in Vancouver, Toronto Worried about Becoming Buyers: Report

Newspaper article The Canadian Press

Potential Home Sellers in Vancouver, Toronto Worried about Becoming Buyers: Report

Article excerpt

Hot markets discouraging some sellers: report

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TORONTO - A new report suggests the red hot real estate markets in Vancouver and Toronto are discouraging some potential sellers from listing their homes because they're afraid of becoming buyers themselves.

The spring market trends report by real estate firm Re/Max on Thursday says while homeowners in those cities know their homes will sell quickly, many are reluctant to become buyers in the highly competitive market.

Re/Max says some are also reluctant to list their homes because they believe that prices could move even higher.

Vancouver and Toronto have been the hottest real estate markets in the country, raising questions about affordability, the role of speculators and the influence of foreign buyers. …

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