08/27/2026
If you've been trying to sell in the GTA this year and it's just not happening, you're probably in one of three spots: no real offers, the value's dropped since you bought, or — the one people don't talk about — selling wouldn't even cover what you still owe on the mortgage.
That last one is more common than you'd think. If your sale price minus commission and legal costs doesn't cover the payout, you're bringing cash to closing just to sell. Nobody advertises that, but it's a real reason a lot of properties never get listed.
If you can afford to hold on, there's a better way to wait than leaving it sitting there: rent it out. You don't have to sell at a loss you're not ready for, and rent covers some or all of your costs while you wait for a better market — and every payment builds equity you keep.
The tenant matters a lot here, so I only place applicants who've been fully screened — credit, income, employment, landlord history — and I list on MLS myself as your Realtor, not just Facebook Marketplace. If you'd rather have it managed hands-off after that, my property management company, Flex Key, takes over from there.
Want to know what your actual numbers look like, selling versus renting? I'll run it for free, no strings attached. Message me or call (416) 721-3316.
https://smrealty.ca/ https://flexkeymanagement.ca
