After 24 years helping Toronto buyers and sellers navigate every kind of market, I’m seeing a familiar challenge resurface: some recent resales—10 in the last period—closed below their original purchase price. For anyone who bought at the peak, it can be unsettling to realize today’s comparable sales don’t always match what you paid. If you’re thinking about your next move, I always recommend starting with one key question: is selling truly the right step for your family, or do you have flexibility to hold or renovate? Remember, selling below your purchase price doesn’t always spell trouble; many owners with enough equity can still repay their mortgage and complete a sale without added stress. I’ve worked with plenty of freehold owners who chose to invest in their home and stay put, especially once they considered the alternative—a potential sale loss, plus another round of land transfer tax. Today, buyers are focused on what your home is worth right now, not its history. Honest pricing and a little empathy go a long way in this market. My approach has always been rooted in education and care, ensuring you’re equipped to make the best decision for your unique situation.
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