In Toronto, we’re seeing more cases where resale homes—especially those bought at the market’s peak—are now selling for less than their original purchase price. This shift is prompting many owners to reassess their next steps. One of the most practical ways forward is to ask: is selling right now truly necessary? Sometimes, even if a sale means accepting a lower price, having built up enough equity over time allows owners to repay their mortgage and move forward without hardship. In my experience working with both residential and commercial clients, I’ve noticed some Toronto freehold owners are choosing to renovate and stay put rather than face a potential sale loss and another round of land transfer tax. Buyers today are looking at current values—not what was paid in the past—so as a real estate advisor, I emphasize the importance of realistic pricing and understanding throughout the process. Strategic, informed decisions are key in this evolving market.
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