In a Market Full of Uncertainty, Should You Buy Now or Wait?
Toronto’s condo market is at a crossroads. Prices are dipping, interest rates are shifting, and buyer sentiment is all over the place. But does that mean now is the perfect time to buy—or a terrible mistake?
In this episode of The Last Honest Realtor, host David Fleming takes a no-nonsense look at the realities first-time condo buyers face in 2025. Forget the speculation—David breaks down the real risks, real opportunities, and real estate fundamentals that should guide your decision.
In This Episode:
- Buy or Wait? – Why first-time buyers are hesitant and what the data actually says.
- Fear vs. Facts – Will condos keep falling, or is this a once-in-a-decade buying opportunity?
- The Condo Market Playbook – How to navigate mortgage pre-approvals, maintenance fees, and investment value.
- The Market Timing Myth – Why most buyers get this part completely wrong.
- Real Estate 101 – What every first-time buyer must know before making a move.
Timestamps:
00:00 – Introduction: Is buying a condo in 2025 a mistake?
05:30 – Why first-time buyers are more anxious than ever.
12:15 – The biggest misconceptions about condo values.
18:45 – How to separate media panic from market reality.
25:30 – The impact of interest rates on affordability.
31:10 – The hidden costs of condo ownership.
38:45 – The market cycle: Buy now or wait it out?
45:20 – Final Thoughts: How to make a smart decision in 2025.
Don't Miss:
- Why the fear of overpaying could cost you more in the long run.
- How location shapes your life more than just your investment returns.
- The biggest mistakes first-time condo buyers make—and how to avoid them.
Subscribe to The Last Honest Realtor for real, unfiltered real estate insights every week.
Like, comment, and share: Is buying a condo in 2025 a smart move or a trap? Let’s discuss!
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