Real estate agent: Many people 'desperate to sell right now'

As concerns grow that Canada's red-hot real estate market may be starting to cool, one real estate agent in Toronto says that some homeowners in the city are becoming increasingly "desperate to sell right now."

"They've already purchased their next home," Brett Stein, a real estate agent with Stein Realty Group, told CTV News Channel on Wednesday. "In order to get financing… they need to sell quick."

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Stein says amid high inflation and with mortgage rates rising, buyers’ confidence is dropping, which will force many sellers to "adjust their expectations."

To hear more, watch the video at the top of this article.

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Canada

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Attempt to have murder charge quashed against alleged serial killer dismissed by judge

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World

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A strong earthquake in Japan leaves 9 people with minor injuries. But there was no tsunami danger

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European Union official urges G7 to step up air defence for Ukraine and expand Iran sanctions

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California sets long-awaited drinking water limit for 'Erin Brockovich' contaminant

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Politics

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Government proposes new policy for federally regulated employees to disconnect from work

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Health

Province says 'heavy lifting' done on new family doctor funding model, but negotiations continue

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Workers warn of dangers if six Public Health Ontario labs close

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Sci-Tech

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Weight-related bullying risk goes up the more time teens spend on social media, study shows

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Entertainment

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After 40 years in Park City, Sundance exploring options for 2027 film festival and beyond

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Business

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Lifestyle

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Sports

Toronto Raptors player Jontay Porter banned from NBA for life

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London, Ont. driver charged after travelling nearly 200 km/h on Highway 401

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Local Spotlight

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Toronto

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Calgary

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Ottawa

BREAKING
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Ottawa man charged with aggravated sexual assault

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Montreal

Gas prices jump up past $1.90 across Quebec

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Body found after fire in Quebec's Beauce region

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Mario Laframboise replaces Eric Lefebvre as CAQ government whip

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Edmonton

Coyotes close out 28-year tenure in Arizona with 5-2 win over Oilers

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Atlantic

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Winnipeg

'Totally wrong': Winnipeg man says landlord denied life-changing medical equipment

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Regina

Government, STF reach tentative agreement, members to vote

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Regina man says he was wrongfully evicted from seniors' facility and left with nowhere to go

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SUMA conference concludes with bear pit session

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Kitchener

Wide turns leaving Ayr residents short on patience with transport truck traffic

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Customers react to pizza as a new menu item at Tim Hortons

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Woman facing 42 charges after trying to fraudulently obtain credit at Conestoga Mall: WRPS

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Saskatoon

Sask. woman accused of driving while high in fatal crash takes the stand

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A former massage therapist who pleaded guilty to a string of sexual assaults has had his day parole revoked.

Northern Ontario

Small northern Ont. town loses access to mobile cancer screening

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Body of missing man found, northern Ontario police say

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London

London police officer charged with impaired

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Twinning of Highbury Avenue for VW Plant starts Monday

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Barrie

Death investigation launched after body washes onto Lake Couchiching shore

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Tim Hortons Roll Up The Rim contest faces backlash amid another ‘technical error’

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Multi-vehicle collision involving a semi-truck halts traffic

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Windsor

Illegal drugs seized from downtown Windsor business

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Family saved by organ donors encourages registration

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Gas prices set to rise 'dramatically' Thursday

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Vancouver Island

B.C. asks anglers to help eradicate this sport fish common in the rest of Canada

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Parents fighting to save unique Mill Bay school from returning to catchment pool

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Kelowna

Stolen snake named Milkshake returned to Kelowna pet store

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Nurses rally at B.C. Interior hospital over security, staffing concerns

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B.C. to add 240 complex-care housing units throughout province

British Columbia is planning to add 240 new units to its complex-care housing program, providing homes for people with mental-health and addictions challenges that overlap with other serious conditions.

Lethbridge

Deterrent sentence possible, expert says, after trio convicted in connection to Coutts border blockade

Three men who helped lead and co-ordinate the 2022 border blockade at Coutts, Alta., have been found guilty of public mischief.
Central Alberta man arrested in connection with grandparent scam

Lethbridge police have arrested a Vermilion, Alta., man in connection with a 'grandparent scam' that took aim at a local senior.
Woman, 61, killed in crash north of Coaldale, Alta.: RCMP

An Alberta woman was killed in a multi-vehicle crash on a highway north of Coaldale, Alta., on Wednesday morning.

Sault Ste. Marie

Small northern Ont. town loses access to mobile cancer screening

A northern Ont. city councillor says she fears many women will go without the proper health care after town loses access to mobile cancer screening.
Sault cracking down on people who misuse accessible parking spots

For the next several months, the City of Sault Ste. Marie will be cracking down on people who improperly use accessible parking spaces.
Suspected drug dealer assaulted officer, Sault police say

A suspect riding a bicycle on Gibbs Street in Sault Ste. Marie this week has been charged with assaulting police, along with drug-related offences.

N.L.

500 Newfoundlanders wound up on the same cruise and it turned into a rocking kitchen party

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Protest averted as Newfoundland and Labrador premier helps reach pricing deal on crab

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A fish harvester's protest threatens Newfoundland and Labrador's crab season -- again

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Real estate agent: Many people 'desperate to sell right now'

CTVNews.ca Top Stories

BREAKING | 1 dead following wrong-way crash on Hwy. 417 in Ottawa's east end

BREAKING 1 dead following wrong-way crash on Hwy. 417 in Ottawa's east end