Is now a good time to buy a home in Toronto? For financially prepared buyers planning to stay in their property for at least five to seven years, the answer may be yes. Prices remain below last year’s levels, buyers generally have more negotiating room than during Toronto’s hottest markets, and borrowing conditions have improved from their recent peak.
That does not mean every property is a good purchase—or that prices cannot decline further. Your income stability, savings, time horizon, preferred neighbourhood and property type matter more than trying to predict the exact bottom of the market.
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