Can You Still Lowball a Toronto House? I Checked 2,247 Sales
Toronto Home Search w/ Jamie Harnish
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Can You Still Lowball a Toronto House? I Checked 2,247 Sales
41 просмотр · 18 ч назад
Toronto Home Search w/ Jamie Harnish
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41 просмотр · 18 ч назад
Download the Lowball Offer Odds Sheet here: https://form.jotform.com/263026122279049
If you want to know what a house in Toronto actually costs before you make an offer, the Lowball Offer Odds Sheet breaks down the real odds at every stage of a listing, it's free and it's in the description.
Out of 2,247 house sales in Toronto's $1.2M–$1.6M range over the last twelve months, only 18 closed at fifteen percent under asking.
You've probably heard it from someone, find a house that's been sitting a while and come in low. Maybe fifteen percent under. Maybe more. It sounds reasonable. But Jamie Harnish pulled every detached and semi-detached sale in Toronto between $1.2M and $1.6M over the past twelve months, 2,247 sales, and the numbers tell a different story than the advice.
The question isn't really whether you can negotiate. You can. What this data shows is when you can, and by how much, and what the listing itself is already telling you before you even book a showing. Whether you're shopping in Leslieville, Bloor West Village, Roncesvalles, or anywhere else in inner-city Toronto, the signals are right there, most buyers just don't know how to read them.
The biggest shift isn't just about discounts getting larger. It's about timing. A house in its first week and a house that's been up for six weeks are two completely different negotiations, same price range, same Toronto streets, completely different odds. And one of those categories has changed dramatically since 2021 in a way that most buyers haven't caught up to yet.
Jamie also covers what the listing history can tell you, what it can't, and the one catch that trips up buyers who think they know how long a house has actually been for sale.
The free Lowball Offer Odds Sheet has the full breakdown, odds at five, ten, and fifteen percent under asking, at every stage of time on market, plus the signals to check on any listing before you figure out what kind of offer you're walking into. Link is above.
Connect for Your Next Move!
Jamie Harnish. Toronto Real Estate Navigator
Bosley Real Estate
416-428-8892
jharnish@bosleyrealestate.com
https://jamieharnish.bosleyrealestate...
/ jamieharnishbosleyrealestate
/ jamieharnish
CHAPTERS
00:00 The Toronto lowball claim, what 2,247 sales actually show
01:20 Two rules that change what the numbers mean
01:58 The one signal on every listing that shifts the odds
02:13 What the odds look like at 5%, 10%, and 15% under asking
04:49 Why this market is different from two years ago
06:24 The day-count catch most Toronto buyers never catch
06:59 What a listing can, and cannot, tell you about a seller
09:49 The question that matters more than how low you can go