Toronto Condo Buyers Gain Negotiating Room | Don’t hesitate to get in touch for any query. -226-883-4455 -realtorjpgill@gmail.com

Mid-Q2 condo purchase activity ↑~4% yearly, marking another uptick, but local mortgage professionals still saw limited recovery signals as prices kept softening.
Activity has improved for four straight mo, yet remains well below 2022 peak levels, keeping many Toronto buyers cautious despite lower prices.
Buyer patience is shaping negotiations: some clients are waiting for deeper value, while sellers face pressure to meet today’s condo market reality.
Sellers often aim to protect equity, but local professionals warned desired prices may be difficult when monthly cashflow is already negative for investors.
Financing strategy matters: some lenders have sought ~25% minimum downpayments on condos, aiming to limit exposure if values move lower after recent price pressure.