The recent trend of Toronto resales falling below their original purchase price is something I’m seeing more often with clients who bought during the market’s peak. If you’re weighing a move, my advice is always to start with a clear look at your needs—sometimes, holding off on selling makes more sense, especially if you don’t have to move right away. Selling for less than you paid doesn’t automatically spell mortgage trouble, particularly if you’ve built up equity over time. Many freehold owners are opting to renovate or stay put longer, carefully considering the impact of a potential sale loss and the additional land transfer tax. In today’s market, buyers are focused on present-day value rather than the price you originally paid, so realistic pricing and a thoughtful, empathetic approach are more important than ever. My goal is to help you navigate these decisions with personalized guidance and deep local insight, always putting your interests first.
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