Brian Crombie Radio Hour - Epi 1405 - GTA Real Estate with Akbar Zareh

Tonight on The Brian Crombie Hour, Brian interviews Akbar Zareh. Akbar is a real estate expert, and discusses the current state of the GTA real estate market. He reports that the market has seen significant changes, with the number of listings increasing by about 25% compared to the previous year, resulting in nearly twice as many homes for sale. Simultaneously, sales have dropped considerably across different regions. He notes that while some areas have experienced price drops of around 3%, others have seen more dramatic decreases, with examples of properties selling for nearly a million dollars less than their purchase price just a few years ago. Developers are now struggling to sell units and are offering incentives like free parking to attract buyers.