Recently, some Toronto resales have closed below their original purchase price—a reality many homeowners are now facing, especially those who bought during the peak. As someone deeply invested in both real estate and home inspection, I know how disheartening it can be to see comparable sales not supporting the price you paid. Before making any big decisions, consider whether a sale is truly necessary for your situation. If you do have significant equity, selling at a lower price doesn’t always mean you’ll be in mortgage trouble—you may still be able to pay off your loan and move forward. For many freehold owners, choosing to renovate and hold onto their property longer is becoming more common, especially when factoring in the potential loss from a sale and the additional land transfer tax. Remember, today’s buyers are focused on current value, not what you originally paid, so having a realistic perspective and empathy—for yourself and for buyers—is key as you navigate your next steps.