Lorne Park home was initially listed for just under $6-million, but it sold for $4.85-million after the sellers cut $700,000 from the price
Matthew Regan and Ashleigh McCarthy, Royal LePage Real Estate Services Ltd., Regan Real Estate
“We started to see a shift in the market with interest rates starting to go up back in March,” said agent Ashleigh McCarthy. “Bungalows are holding their value much more than two-storey homes because of the shifting demographic,” Ms. McCarthy said.
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