A modernist marvel with a vintage gun cabinet

Dear reader,

It’s been a winter of discontent for Toronto’s realtors. The market remains static, and many quality properties are sitting cold. Industry experts predict a “vigorous” rebound sometime this summer, but until then, buyers maintain the upper hand, with little impetus to engage in bidding wars.

Reporter Ali Amad paints the market picture in our latest edition of Under Asking, Curb Appeal’s top story this week. He goes straight to the source, asking three realtors why they were willing to go down in price—and what lessons can be learned for house hunters this season.

Also in today’s newsletter: a Woodbridge bungalow designed by the architect behind Sherway Gardens. Plus, a tour of a craftsman in the Beaches equipped with its own loft for kids. Visit torontolife.com for all our real estate coverage.

As the industry waits for the Bank of Canada to lower its sky-high interest rates later this year, Toronto’s real estate market remains in the doldrums. The average sale price for a GTA home in January was down year-over-year, and many listings are languishing for months. That means there are deals to be had by those willing to outlast the high-interest landscape. Here, three agents representing three different properties explain why they settled for less.

Steps from Glen Stewart Park, this $2.6-million craftsman house has a psychedelic powder room, a play zone with a cargo net floor, a deck with a firepit and a backyard with a rink for shinny.

What outpost in Woodbridge would be complete without 12 parking spots, a vintage gun cabinet, a steam room and sauna, a backyard grotto, and a spiral staircase to a bar?

In the latest issue: confessions from the new and intentionally underemployed labour force. Plus, how bloodsucking parasites are ruining our lives, the city’s best new resto-clubs, memoirs from Gaza, and more. Still not receiving Toronto Life at home? Subscribe today.