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Realty

Election stalls Quebec-Ontario border real-estate market

March 31, 2014 2:17 pm
Crisis

The Quebec election has real-estate agents on both sides of the Quebec-Ontario border agreeing on one thing: the market is on hold as homebuyers await the outcome.

Realtors say a Parti Quebecois majority on April 7 likely wouldn’t result in the kind of mass exodus that followed the party’s first election victory in 1976.
Thousands of Quebecers, mainly anglophones, fled the province after the Rene-Levesque-led PQ stunned the rest of Canada by surging to a majority win.

Read more: http://montreal.ctvnews.ca

 

PRICE DROP #4 – 111 Glen Road – ROSEDALE

I first posted this 5+1 bedroom, 7 bathroom house on a 68 x 109.17 foot lot at 111 Glen Road in North Rosedale in July 2013.It was listed at $5,055,500.

It’s a good house with what looks like a fairly recent renovation.  But the location isn’t the best.  It is on a busy stretch of road and there are 2 bus stops out front.

So….it was over priced.

It didn’t sell and the price was dropped in November to $4,855,500 and again in January to $4,755,000.

Then, a little over a week ago, I noticed that there were 2 listings for this house….

And they were $555,501 apart.

I was confused.

Now, I am even more confused.

Because this house can now be purchsed for $3,800,000 by ‘Power of Sales”.

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