Buyer Remorse High as Real Estate Market Slows Down

By
Real Estate Broker/Owner with Chamberlain Real Estate Group

Over the recent weeks, multiple media outlets published articles stating that many real estate buyers have remorse across Canada. 

The headline, "Buyer's remorse high as real estate market slowdown materializes," recently appeared on The Globe and Mail, CTV and even Bloomberg. It talks about an interview with a Toronto-based real estate lawyer, Mark Morris.

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Comments (2)

Greg Mona
West USA Realty - Scottsdale, AZ
Professional Real Estate Representation for YOU!

Hi Jared,

 

While I cannot comment about the real estate market in Canada other than what I read in the article you referenced, I believe the same thing is happening here.

 

Many people "settled" for a house they weren't crazy about because they either had to drop down in price point because of the run-up in home prices, or it was the only home they "won" the bidding war on. Or perhaps it backs (or fronts on) a very busy street or highway and again, they "settled" for it. I believe once the market normalizes and people feel confident to buy and sell again, a lot of these homes will go up for sale. I don't know that for a fact but my experience tells me it is a distinct possibility.

Jun 16, 2022 07:36 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Jun 17, 2022 05:10 AM