Toronto real estate market shifts gears as summer arrives

The Toronto real estate market is cooling, with fewer bidding wars and some properties failing to sell on offer nights. Buyers are less pressured and some are pausing their searches until fall. Sellers are listing ahead of a potential fall surge, with some using targeted strategies to attract qualified buyers. Homeowners face challenges refinancing due to declining home values, but many can renew loans with current lenders. Caution prevails among buyers amid price drops.