Rising Power of Sale Listings Open Doors for Toronto Buyers | MrHunter.ca

Slide 1:
Rising interest rates push some Torontonians to sell homes through “power of sale” listings.

Slide 2:
Downtown Toronto saw 49 such listings this year—four times more than all of 2023.

Slide 3:
Buyers sometimes snag discounts—average sale price is about 5% below original listing.

Slide 4:
Properties range from $360K waterfront studios to $2.9M mixed-use buildings downtown.

Slide 5:
Best suited for experienced investors; first-time buyers face high uncertainty and deal cancellations.