Some properties in the Greater Toronto Area are being listed for $1 — a meagre price tag compared to the latest data on the average selling price, which was $1.1 million in April, <a data-evt-val="{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;according to the Toronto Regional Real Estate Board&quot;, &quot;target_url&quot;: &quot;https://trreb.ca/wp-content/files/market-stats/market-watch/mw2504.pdf&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}" rel="noopener noreferrer" data-evt="click" data-evt-typ="click" href="https://trreb.ca/wp-content/files/market-stats/market-watch/mw2504.pdf" target="_blank">according to the Toronto Regional Real Estate Board</a>.

"Another time when you are likely to see this strategy is when the objective value is very hard to determine," says broker Brendan Powell.{ai:summary}Certain properties in the Greater Toronto Area are being listed for just $1, a stark contrast to the average selling price of $1.1 million reported in April by the Toronto Regional Real Estate Board. This unusual pricing strategy highlights the ongoing challenges in the local real estate market. #economy

Some homes in Toronto are being listed for $1. Here's why

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