Toronto’s condo market is revealing some tough realities for preconstruction buyers—especially when appraisal values don’t match the original purchase price. I’m seeing more clients facing surprise funding gaps at closing, and it’s not always obvious at first glance. Even households with spotless mortgage payment records can be quietly juggling rising credit card balances, growing credit lines, or rental unit losses. The real question is: what’s actually supporting your unsecured borrowing, and is it sustainable? For instance, I’ve come across a case involving a $350K interest-only second mortgage at nearly 10% interest, tacking on about $44.5K in upfront charges and driving first-year costs up to almost 26% of net cash flow. My role as your real estate partner is to help you see the whole picture—not just close the deal. Navigating these challenges takes more than a transaction; it takes a plan you can actually live with.