Toronto-area condo sellers brace for fresh supply

by Carolyn Ireland

Oakville1
A buyer paid $1.95-million for a three-bedroom penthouse at 25 Ritchie Ave. in Toronto’s west end after the unit was listed with an asking price of $2.198-million.

Some Toronto-area condo sellers are starting the year at a brisk pace as they weigh the benefit of hammering out a deal now against the prospect of a spring rebound that is far from guaranteed.

Christopher Bibby, broker with Re/Max Hallmark Bibby Group Realty, sold a handful of condo units in the first three weeks of January.

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