In the current Greater Toronto Area real estate landscape, patience and pricing strategy are more critical than ever. A recent sale at 157 Mortimer Ave. illustrates the ‘wait-and-see’ mentality currently gripping buyers. After listing at $849,000, the property saw multiple price adjustments, eventually closing at $950,000 in January 2026 after 85 days on the market. Listing agent Réjean Marchildon of The Weir Team notes that while the home received steady interest with five to 10 showings weekly, the lack of urgency among buyers—driven by a cooling market sentiment—forced a calculated approach. The property, located on a busy street, required a price point roughly $150,000 lower than similar homes on quieter side streets. This case study highlights how sellers must balance property updates with realistic market expectations in a climate where buyers are increasingly selective. For the full details on this transaction, visit the original article at The Globe and Mail.
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