2022 and 2024 may only be two years apart, but there’s been a tremendous change in that short time. We’ve gone from a major housing shortage to a huge influx of new condos and flats; and on top of that, we still haven’t grasped the full extent of how much the new ABSD rules might change things. If you are looking to sell your property this year in 2024, here are some major things that you need to know: Major changes that are impacting sellers in 2024 Based on conversations with realtors, some of the major issues are:

• 1. High cost of replacement properties 
• 2. Co-broking issues remain unaddressed, and may even be worse than before
• 3. Temper your expectations over sale prices
• 4. Interim rental may be a less frightening issue
• 5. High new launch prices may shift the focus back to resale  

1. High cost of replacement properties

You may have noticed more flyers in your door lately, telling you how much your property is worth....