09/20/2026
In 10 Toronto Resales Fell Below Purchase Price
As Broker of Record at Rigmaxx Realty Inc., I’m seeing more Toronto homeowners facing a tough reality: if you bought at the market’s peak, you may find today’s comparable sales don’t match what you originally paid. Before listing, it’s important to ask yourself if selling truly makes sense for your situation—sometimes holding on, or even renovating, can be a smarter play, especially when factoring in the potential loss and that extra land transfer tax. Keep in mind: selling below your purchase price doesn’t automatically spell mortgage trouble if you have enough equity to cover your loan. In today’s market, buyers are laser-focused on current value, not what you paid. That’s why realistic pricing and a bit of empathy can go a long way.