Real Estate

Toronto’s housing downturn has spurred an exodus of realtors

Not a lot surprises Cailey Heaps when it comes to buying and selling houses. Having spent more than 25 years as a broker in Toronto’s competitive real estate landscape, she has navigated almost every type of market, adapting to the ebbs and flows of sales activity.

That’s why, when she was hired to sell a classic, three-bedroom brick house in midtown’s tony Davisville Village in 2021, she knew what to expect — it would be business as usual. But it wasn’t: she and her team were met with a frenzy of inquiries, endlessly ringing phones, back-to-back showings, and packed open houses.

From pandemic high to an exodus

‘The market is still too crowded’