Cancelled Listings, Turning Homes Into Rentals More Common as Housing Market Cools

Cancelled Listings, Turning Homes Into Rentals More Common as Housing Market Cools
Houses for sale in a new subdivision in Airdrie, Alta., Jan. 28, 2022. The Canadian Press/Jeff McIntosh
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When Shannon Tebb listed her downtown Toronto loft for sale in mid-June, she did everything to make the property attractive for buyers. She hired stagers, painted walls, washed the windows, listed the place below market value and advertised all over social media.

But by July, she was pulling the property off the market—and not because she'd found a seller.