When you’re buying or selling a Toronto condo, the status certificate is one of the most important documents in the deal. It’s a snapshot of the building’s financial health, reserve fund, insurance, and any legal issues that could impact ownership. Lenders and lawyers rely on it to confirm that you’re not walking into unexpected costs—or worse, a building with looming legal trouble.
The Legal Reality: Valid Only on the Day It’s Issued
Here’s the key takeaway: a status certificate is legally valid only on the date it’s produced. According to the Ontario Condominium Act, it’s essentially a “point-in-time” document. Think of it like a financial snapshot—accurate the moment it’s taken, but not guaranteed tomorrow. Condo boards aren’t required to notify you of any changes after the certificate is issued.
The Practical Reality: Lawyers and Lenders Play by Different Rules
While the law is clear, real-world practice adds a layer of interpretation. Lawyers and lenders treat the document as “current” for a certain window of time:
Lawyers
Most lawyers will review a status certificate within 10 days of issuance.
Between 30–60 days, many will request a verbal update from property management to confirm nothing has changed.
Past 60 days, some lawyers may advise ordering a new one if the deal is still pending.
Lenders
Most lenders require a status certificate that’s no more than 30 days old before approving mortgage funds.
Beyond 90 days, virtually every lender will require a fresh certificate, no matter what.
Why There’s No Universal Rule
The reason for this inconsistency is simple: condo finances can change fast. A new special assessment, a lawsuit, or unexpected repairs can throw a building’s financials off balance in a matter of weeks. Lawyers and lenders set their own risk tolerance, which is why two deals on identical units might have different requirements.
Real-World Example
Not long ago, we had a deal where the status certificate was just outside the 90-day window. The lender wouldn’t release funds until a new certificate was ordered—costing the seller time and the buyer an extra $100 in fees. Nothing had changed in the building’s finances, but the lender’s policy was firm: no exceptions beyond 90 days.
Best Practices for Buyers and Sellers
Track the date carefully. Treat the issue date as a countdown clock.
Expect lender caution. If financing is involved, budget for the possibility of ordering a second certificate.
Talk to your lawyer early. Ask how long they’re comfortable relying on an older certificate.
If you’re selling, be proactive. If your certificate is nearing 60 days old and the deal isn’t firm yet, consider ordering a new one before being asked.
Quick FAQ
Can you rely on an old status certificate if nothing has changed? Sometimes, but only with confirmation. Lawyers may request verbal updates, and lenders often won’t accept verbal assurance beyond 30–60 days.
Who pays for a new status certificate if one is needed? Typically, the seller provides the initial certificate. If a new one is required due to delays, it’s often negotiated, but sellers usually cover it to keep the deal moving.
What if something changes after the certificate is issued? Buyers can request an updated certificate, and significant changes (like a new special assessment) could give them grounds to back out before firming the deal.
Thinking About Buying or Selling a Condo?
Understanding the fine print of a status certificate can make or break a deal—and that’s where we come in. Whether you’re reviewing one for a potential purchase or preparing your unit for sale, our team knows exactly what to look for (and how to keep deals moving, even when lenders get picky).
Reach out to us today to talk through your condo plans—let’s make sure your next move is a confident one.
If you’re buying or selling a condo in Ontario, a status certificate is one document you can’t skip. Think of it as the condo’s financial report card. It tells you whether the corporation is in good financial health, if there are upcoming special assessments, and whether the current owner is up-to-date on payments. Lawyers, lenders, and savvy buyers all rely on it before finalizing a deal.
Standard Cost – What You’ll Typically Pay
Under the Ontario Condominium Act, condo corporations are required to provide a status certificate within 10 days of request. The standard fee is $100 (including taxes), but most property management companies now use online ordering systems that add a convenience fee—usually $30 to $50. So, realistically, expect to pay $130 to $150 for a standard 10-day turnaround.
Rush Fees – Paying for Speed
Need it faster? Many property management firms offer rush service, delivering within 3 to 5 business days. But speed comes at a price—rush fees typically range from $150 to $400 on top of the standard $100 and convenience fees.
For example: one major management company charges $100 + $46.50 convenience + $150 rush = $296.50 + HST. Prices vary, but planning ahead can save you hundreds.
Who Usually Pays for It?
In most condo resale transactions, the seller orders and pays for the status certificate as part of listing prep. However, in competitive or quick-close situations, the buyer may agree to cover it to speed up due diligence.
Tips to Save Money
Order early – Sellers should request the certificate when listing to avoid paying rush fees later.
Skip the convenience fee – Many management companies still accept in-person requests at no extra charge.
Quick Cost Comparison Table
Service Type
Base Fee
Convenience Fee
Rush Fee
Total Estimate
Normal (10 days)
$100
$0–$50
–
$100–$150 + HST
Rush (3–5 days)
$100
$0–$50
$150–$400
$250–$550+ HST
Ready to Buy or Sell a Condo?
A status certificate is just one piece of the puzzle. Whether you’re preparing to list or doing your due diligence as a buyer, our team can guide you through every step—and help you spot red flags before they become costly surprises. Get in touch with us today to talk condos.
If you’ve ever made an offer on a Toronto condo—or are about to—you’ll quickly hear this term: status certificate. It might not sound exciting, but this document is a cornerstone of any smart condo purchase. It gives you (and your lawyer) a detailed snapshot of the condo corporation’s financial health, rules, and any red flags that could impact your investment.
Let’s break down what a status certificate is, what’s inside, where you can order one in Ontario, and why it matters more than most buyers realize.
What is a Status Certificate?
A status certificate is an official document issued by a condominium corporation that provides key financial and legal information about a specific condo unit and the condo corporation as a whole.
In Ontario, it’s a legal requirement under Section 76 of the Condominium Act, 1998. Condo corporations must issue one within 10 calendar days of receiving a written request and a $100 fee (HST included).
Whether you’re buying, selling, or refinancing a condo, this document is essential—it can affect offer conditions, financing approval, and even your long-term ownership experience.
Toronto Skyline
What’s Inside a Status Certificate?
It’s more than just a single sheet. A typical status certificate includes:
Declaration, by-laws, and rules of the condo corporation
Monthly common expenses for the unit (and whether the current owner is up to date)
Audited financial statements from the previous year
Details of any legal proceedings, judgments, or outstanding claims
Whether the unit is subject to a lien
Names and contact information for directors and officers of the condo board
This bundle helps your real estate lawyer flag issues like underfunded reserves or pending lawsuits—things that aren’t obvious from a showing or MLS listing.
Check out the podcast episode we did on all things status certificates:
Cost, Timeline, and Ordering Channels
Ordering a status certificate in Ontario is relatively straightforward. Here’s what to expect:
Cost: $100 (HST included), set by provincial regulation
Delivery timeline: 10 calendar days from the date of request and payment
Format: Usually provided via secure PDF download, email, or printed hard copy
Some management firms also offer expedited service—usually within 2–3 business days—for an additional fee (often ranging from $50 to $135 extra).
Where to Order a Status Certificate in Ontario
Depending on how a building is managed, status certificates can be ordered through several platforms. Here are the most commonly used options:
StatusCertificate.com The most widely used service in Ontario. Many property management firms rely on this platform. Simply search by condo address and unit number, and you can order directly online.
Condo Control Used by many Toronto buildings. If your condo is registered, you can order certificates through your resident portal.
CondoBI Provides centralized access for condo documents. Works with affiliated management companies and allows digital payment and delivery.
Percel Property Management Offers both standard and expedited status certificate orders. Ideal for time-sensitive transactions.
Wilson Blanchard Allows status certificate requests online for buildings they manage.
CondoCafe Used by large firms like FirstService Residential. You’ll need login credentials linked to your building.
Direct from Property Manager or Condo Board In smaller or self-managed buildings, requests are handled manually. Contact the property manager or board directly and be prepared to send payment via cheque or e-transfer.
Why Status Certificates Matter in the Buying Process
For buyers, the status certificate is typically reviewed as part of a conditional offer—meaning your deal only proceeds if the certificate comes back clean. That review is done by your real estate lawyer, and they’re looking for:
Evidence of a healthy reserve fund
Any upcoming special assessments (one-time repair costs to be paid by owners)
Legal issues involving the condo corporation
Liens or unpaid maintenance fees on the unit
Rules or restrictions that may affect how you use the property (e.g., pets, short-term rentals)
Sellers may also choose to proactively order one in advance to speed up the process—especially in competitive markets.
Common Questions About Status Certificates
Who pays for it? Traditionally, the buyer covers the cost (as part of their due diligence), but some sellers may offer it upfront.
Can anyone request one? Yes—anyone can request a status certificate as long as they provide the written request and $100 fee.
How long is it valid? There’s no official expiry, but certificates older than 30 days are often considered outdated for legal review.
What if it’s not delivered within 10 days? That’s a breach of the Condominium Act. While rare, your lawyer can escalate if delays occur.
Is the content negotiable? No—the condo corporation must disclose certain information in a fixed format. It’s not something you can “amend.”
Final Thoughts
Ordering a status certificate might seem like a formality, but it can reveal a lot about the property you’re buying—or selling. In a city like Toronto where condo purchases move fast, understanding where to order one and what to look for can give you a real edge.
Think of it as your condo’s report card—and every good deal starts with doing your homework.
For more tips on buying a condo in Toronto, send us a message below!
Let’s be honest: there are a lot of voices in the Toronto real estate space. Some are helpful. Some… not so much. In a market where insight matters as much as square footage, I’ve learned to stick with sources that actually inform, educate, and sometimes challenge my thinking. Below is a shortlist of the blogs I genuinely read—the ones I turn to between showings, during market shifts, or when I just want a sharper perspective.
Whether you’re a buyer, seller, investor, or fellow agent, these blogs offer more than just listing fluff. They bring data, design, and dialogue to the table—and that’s what makes them worth your time.
David Fleming is a fixture in the Toronto market. His blog blends sharp commentary with market education, pulling no punches when it comes to bidding wars, blind offers, or municipal policy missteps. It’s part data, part drama—but always thoughtful.
Why I read it: It’s raw, honest, and never sugarcoated. I often share his posts with clients who want the unfiltered version of what’s happening behind the MLS curtain.
If you’re looking for a deeper, data-centric look at Toronto housing, John Pasalis’ reports are must-reads. The blog blends hard stats with housing policy insights and regularly features macroeconomic commentary.
Why I read it: It helps me stay grounded in actual numbers—especially during volatile months. When interest rates shift or headlines get noisy, this is one of the first places I check.
This blog stands out for its transparency. The Brel Team writes with heart, humour, and honesty—offering real-world examples of staging, pricing strategy, and even the emotional rollercoaster of buying or selling.
Why I read it: It’s one of the most client-focused blogs around. I admire how clearly they explain complex steps without dumbing things down. I also personally know Mel and Brendan, and I’m a big fan of their work and the thoughtfulness they bring to everything they publish.
David’s posts feel like curated thought pieces. Whether it’s an in-depth look at market dynamics or a personal take on neighbourhood evolution, there’s always something fresh here.
Why I read it: His appreciation for design and layout mirrors my own—especially when it comes to unique homes and lofts.
Urbaneer is more than a market blog—it’s a cultural deep dive into Toronto real estate. Steve Fudge writes with empathy, historical insight, and a passion for the city’s housing diversity.
Why I read it: It connects the dots between architecture, neighbourhood character, and human emotion. It’s a reminder that buying a home isn’t just a transaction.
Minimalist design, clean visuals, and editorial polish make this one a treat to scroll. But it’s not just pretty—the insights into downtown condo life, new builds, and market mood are consistently thoughtful.
Why I read it: It reflects a modern buyer’s mindset. I often recommend it to clients who value design-forward spaces or want to understand the lifestyle side of the city. I’ve also had the pleasure of working with Ralph and Kori, and have always admired their commitment to the craft and the calibre of work they consistently deliver.
Shameless plug? Maybe. But our blog exists to fill the gaps we kept seeing in Toronto real estate coverage. We dig into purpose-built rentals, unique condo buildings, and share behind-the-scenes stories that shape smarter decisions.
Why we write it: To demystify the process, spotlight special properties (especially lofts!), and offer our clients a resource that goes beyond the basics… we also have a podcast too!
Sleek and seriously niche, The MASH is a feast for design lovers (and as far as I know, not written by a realtor). From sharp geometric builds to mid-century gems, it’s a showcase of Toronto architecture at its finest.
Why I read it: It’s where I go when I need a break from spreadsheets and want to appreciate the artistry in real estate. The listings they highlight? Chef’s kiss.
Final Thoughts
In a city this competitive and nuanced, where you get your real estate info matters. These blogs offer more than content—they offer context. Whether it’s the data nerds, the design dreamers, or the straight-shooters, I’m grateful for every post that helps keep the Toronto real estate conversation sharp.
Have a favourite I missed? Shoot me a message. I’m always reading.
Ask most Torontonians what Yorkdale conjures up and they’ll picture a gleaming cathedral of luxury retail—Gucci bags, Apple launches, the whole nine yards. Fair! But plant yourself just outside those revolving doors and you’ll discover a neighbourhood that quietly levels‑up your daily routine. From dirt‑cheap car‑wash memberships to secret lattés away from the food‑court frenzy, living near Yorkdale is basically a life hack in postal‑code form.
Yorkdale Shopping Mall
Below, five perks even seasoned shoppers might have missed (plus a quick‑fire spec sheet if you’re sizing up a move).
1. Retail & Outlet Double‑Dip
Yes, you’re footsteps from the world‑class Yorkdale Shopping Centre—handy when you shatter your phone screen and need Genius Bar triage stat. But the real wallet saver is a seven‑minute stroll west to Orfus Road’s factory‑outlet row. Roots hoodies at half price, Nike kicks on permanent clearance, boxed kitchen gadgets you didn’t know you needed—errand day suddenly feels like a covert sample sale.
Pro tip: Tack on a weekday morning run to dodge weekend bus‑tour crowds. Your future self (and closet) will thank you.
2. Transit & Travel Hacks in Your Pocket
Living beside a subway station is nice. Living beside Yorkdale Stationand a full GO Bus terminal is downright smug. Swipe onto the TTC for a 20‑minute ride downtown, or board GO Bus Route 94 straight to Pearson when a last‑minute seat‑sale pings your inbox. No Uber surge, no long‑term parking tab.
Driving? Theres ample free parking on site — and cyclists get a secure Bike Room complete with lockers so you’re not playing street‑lock roulette.
3. Unlimited Car Wash
Salt, slush, and construction grime can make your car look like it’s auditioning for a Mad Max sequel. Enter Crosstown Car Wash Yorkdale. For roughly the cost of a monthly streaming bundle ($24.99), their unlimited‑wash club keeps your ride shiny year‑round—plus free vacuums for a quick interior detox.
4. Off‑Mall Food & Coffee Gems
COPS Doughnuts
Skip the food‑court lineup and wander a block or two for flavours you won’t find under the mall’s skylights:
Cocoon Coffee, 855 Wilson Ave – tiny, plant‑filled, laptop‑friendly; their honey‑lavender latte has a cult following.
COPS Doughnuts– hot, made-to-order mini donuts best devoured while they’re still warm.
Amico Bakery on Dufferin – cannoli so crisp they crack audibly. Arrive early; nonna’s already in line.
Lady York on Dufferin – Italian grocery stalwart with a legendary deli counter and fresh weekly specials.
Your taste buds (and Instagram feed) just got a promotion.
5. Greenspace & Purpose‑Built Perks
Downsview Park
A luxury mall address might not scream “outdoor oasis,” yet Downsview Park is a single subway stop north—290 acres of running trails, summer concerts, and an urban farm market that sells out of sourdough by 10 a.m.
Looking to rent before you buy? Sloane by Fitztrovia sits right beside the park. Think boutique‑hotel lobby vibes plus resident‑only bowling alley, PS5 gaming lounge, kids’ jungle‑gym zone, and co‑work suites outfitted with a few extra private booths. Purpose-built living also comes with a few extra perks you won’t find when you rent an ordinary condo unit.
Sloane West and East Tower Terrace and Pool
Quick Specs
Walk Score
72 – “Very walkable” (errands ≈ 10 min on foot)
Transit Score
87 – Subway, GO Bus, and express shuttles
Bike Score
64 – Growing network of protected lanes
Suite Mix
Studios → 3‑bed condos & rentals
Lease Terms
12‑month standard
Demographic Vibe
Mix of young professionals, airport‑commuters & long‑time locals
*Scores via Walk Score and TTC trip planner.
Is Yorkdale Your Next Neighbourhood Move?
If you crave designer shopping at 9 a.m., freshly baked donuts at noon, and need to catch a flight at Pearson by 7 p.m.—all while paying less than downtown rent—Yorkdale might be your Goldilocks zone. And should you prefer turnkey renter perks over negotiating with an investor landlord, Sloane by Fitztrovia has a bowling lane with your name on it.
Ready to chat strategy or book a tour? shoot us a message below —we’ll walk (or bus) you through next steps.
When you’re house hunting in Toronto, most of your mental energy is spent calculating down payments, monthly mortgage costs, and whether you can stretch that budget for the home just one block closer to the subway. But behind the sticker price lurks a less obvious layer of expenses that can quickly add up — and if you’re not prepared, they can feel like a surprise punch to your closing-day excitement.
Let’s pull back the curtain on the hidden costs of buying a home in Toronto — from taxes to title insurance and everything in between.
Quick Reference: Hidden Costs Breakdown (based on a $1.5M purchase)
Cost Category
Estimated Range
Notes
Land Transfer Taxes
$52,950+
Applies to a $1.5M home in Toronto (includes provincial + municipal)
Luxury LTT (>$3M homes)
3.5%–7.5% on price tiers
Progressive rates depending on home value
Legal Fees
$1,500–$2,500
Varies by complexity of the deal
Title Insurance
$300–$800
One-time cost
Home Inspection
$400–$700
Add $200+ for specialty inspections
Adjustments
$500–$2,000+
Reimbursement for seller-paid property taxes, fees
Moving & Set-Up Costs
$3,000–$5,000
Movers, utilities, locksmiths, furniture gaps
CMHC Insurance (if <20% down)
Varies by loan size
Mandatory for high-ratio mortgages
1. Double Land Transfer Taxes in Toronto
Toronto is one of the few cities in Canada where homebuyers are hit with two land transfer taxes — one from the province, and one from the city itself.
Ontario Land Transfer Tax (LTT): Scaled based on the purchase price. For example, a $1.5M home results in roughly $26,475.
Toronto Municipal LTT: Also scaled — for the same $1.5M property, you’d pay another $26,475.
Total land transfer tax bill? About $52,950.
What About the Luxury Tax?
Toronto applies an extra tier of LTT to homes over $3 million:
3.5% on the portion between $3M–$4M
4.5% between $4M–$5M
5.5% from $5M–$10M
6.5% from $10M–$20M
7.5% over $20M
That’s a steep climb if you’re in the luxury bracket — and one worth modeling out in advance.
Closing a real estate deal requires a real estate lawyer — full stop. And those services come with fees:
Legal fees: Typically $1,500–$2,500 depending on complexity
Title insurance: $300–$800 (a one-time cost)
These protect you against future claims on the property, unpaid liens, or title defects. While some might consider shopping around, this isn’t the place to skimp.
3. Home Inspections (and Re-Inspections)
An inspection is your home’s pre-purchase report card. Costs can vary, but expect:
$400–$700 for a standard inspection
Add $200+ if you need specialized inspections (e.g., sewer scopes, radon, pool inspections)
Even in competitive markets, we always recommend getting one if you can. It’s peace of mind money well spent.
4. Prepaid Utilities, Taxes, and Adjustments
Your closing documents will include adjustments — costs the seller has prepaid (like property taxes or condo fees) that you’ll need to reimburse them for.
Example: If the seller prepaid July’s property taxes and you take possession mid-month, you’ll owe them for the remaining days.
These aren’t huge line items individually, but can still add hundreds to thousands to your final bill.
5. Moving Costs, Hookups & Set-Up Fees
Let’s not forget the final stretch of the journey — actually moving in.
Here’s a quick breakdown:
Moving company: $2,000–$3,000 (more if you’re moving cross-city or have a ton of stuff)
Utility hookups: $50–$200 depending on providers
New locks & security updates: Often overlooked, but recommended ($200–$500)
Appliances or furniture gaps: First-time buyers especially feel this one
Pro tip: budget $3,000–$5,000 for this phase alone, depending on your situation.
Final Thoughts: Budget Beyond the Purchase Price
Buying a home in Toronto is a huge milestone — and a financial stretch for most. But knowing what’s coming can ease that pressure. When we work with buyers, we break down all these costs upfront so there are no surprises come closing day.
If you’re planning a purchase, let’s talk. We’ll help you budget smart, negotiate better, and avoid getting blindsided by the hidden extras.
We’ve seen it all. One buyer found their dream condo and closed in under 24 hours. Another? They patiently searched for the perfect detached in midtown—over two and a half years later, they got the keys. So, how long does it really take to buy a home in Toronto?
The truth is: there’s no one-size-fits-all answer. But there is a rhythm to the process, and once you know what to expect, it becomes a whole lot easier to plan. From financing to final keys, the timeline can stretch or shrink depending on how the stars align—or don’t.
The Step-by-Step Timeline (Toronto Edition)
1. Mortgage Pre-Approval (1–4 weeks)
Before you start swiping through listings or scheduling showings, talk to a mortgage advisor. A pre-approval tells you how much you can afford—and it makes you a serious buyer in the eyes of sellers. Plus, you’ll save time down the road by having your documents reviewed and income verified early on.
2. House Hunting (1 month to 1+ year)
This is where timelines vary the most. If you’re looking for a unicorn (like a south-facing hard loft with parking and low maintenance fees), be prepared to wait. But if your must-haves are flexible, you could be touring properties and making offers within weeks.
The season also matters—spring and fall tend to have more listings, while summer and winter slow down. Being ready to view properties quickly and having a responsive agent can make all the difference.
3. Offer & Negotiation (1–10 days)
Once you’ve found “the one,” things move quickly. Your agent will run comps, draft an offer, and submit it—often within 24 hours. From there, sellers may counter, reject, or accept. In hot markets, bidding wars can condense this step to hours.
Having your deposit ready and being flexible with closing dates can help your offer stand out. Your agent’s experience negotiating terms is crucial here.
4. Conditional Periods (5–10 business days)
If your offer includes conditions (like financing or a home inspection), you’ll need time to clear them. Most conditions are resolved within a week—but the clock starts ticking the moment the offer is accepted. This is your due diligence window to walk away penalty-free if needed.
5. Closing Period (30–60 days)
This is the legal handoff: your lawyer handles title searches, insurance, requisitions, and funds transfer. Most closings in Toronto land between 30 and 60 days—but longer or shorter timelines are sometimes negotiated based on the buyer/seller needs.
In this stage, you’ll sign the final documents, finalize mortgage paperwork, and ensure your down payment is in place. Your lender and lawyer will coordinate with the seller’s team to make sure everything runs smoothly.
What Slows Buyers Down?
A few common culprits:
Financing snags — delayed documents or new credit issues can stall mortgage approval.
Inventory droughts — low supply means buyers are stuck waiting for the right listing.
Analysis paralysis — some buyers struggle to commit, especially in shifting markets.
Life interruptions — personal or financial changes can pause a search unexpectedly.
Our record for the longest buyer search? 2.5 years from first showing to firm deal. They waited, watched, and ultimately bought with total confidence. In contrast, another client closed in less than a day by walking into an open house, falling in love, and making a cash offer on the spot.
Sometimes it’s about timing. Other times, it’s about persistence.
Speed It Up — How to Buy Faster
If you’re eager to get into your new home sooner, here are a few tips:
Get pre-approved before you browse
Work with an agent who knows the local landscape (that’s us)
Set clear must-haves vs. nice-to-haves
Be ready to act fast when the right listing appears
Don’t wait for the “perfect” property—sometimes 90% perfect is perfect enough
Stay organized with paperwork, and have your deposit liquid and accessible
Yes—with cash and a willing seller, we’ve seen it happen in under 24 hours. But it’s rare and depends on fast lawyers, quick due diligence, and no mortgage.
Do cash offers close faster?
Usually, yes. Skipping mortgage approval can shave weeks off the process. But you’ll still need legal review, insurance, and coordinated timing with the seller.
How long does a mortgage take in Toronto?
2 to 4 weeks is typical, assuming you’re responsive and the lender isn’t backed up. Submitting complete documents early helps avoid hiccups.
What happens if the seller wants a longer closing?
You negotiate! Most sellers are flexible, especially if the offer price is strong. Some buyers use longer closings to save more or avoid overlapping rent.
Can I start the process before I’m “100% ready” to buy?
Absolutely. Meeting with a mortgage advisor or agent early helps you understand your options, even if you’re months away from making an offer.
Final Thoughts: Everyone’s Timeline Is Different
Some buyers binge open houses for months before pulling the trigger. Others? Love at first sight.
At TorontoLivings, we adapt to your pace. Whether you’re ready to buy tomorrow—or just starting to explore—we’ll walk you through every step, from setting your budget to handing you the keys.
There’s no pressure—only guidance, support, and expert insight tailored to your journey. Connect with us by leaving a message below!
Buying property in Toronto isn’t exactly like strolling through a Sunday open house and tossing in an offer. Between rapid market shifts, bidding wars, complicated legal documents, and emotional highs and lows, the process can feel more like a strategic chess match than a simple shopping trip.
So it’s natural to wonder: do I really need a real estate agent to buy in Toronto?
Let’s break down what’s required, what’s optional, and how professional guidance can be the difference between buyer’s remorse and securing your ideal home—with less stress, more clarity, and a smarter investment.
Liberty Village in the distant
The Role of a Real Estate Agent in Toronto
In Toronto, real estate agents do more than open doors and draft paperwork. A great agent is your strategist, market translator, and skilled negotiator. They act as your advocate from the moment you start your search to the moment you receive the keys.
Here’s what that can look like:
Decoding neighbourhood trends, property values, and pricing strategies
Tapping into off-market or soon-to-launch listings that aren’t yet public
Coordinating inspections, financing, and closing timelines for a seamless experience
It’s this blend of insight and hands-on support that helps buyers avoid costly missteps—and often land better deals, faster and with fewer surprises.
Do You Legally Need an Agent to Buy Property?
Short answer: no, it’s not legally required.
You can absolutely buy a home without a real estate agent—whether it’s through a private deal, directly with a builder, or via the listing agent representing the seller. But without your own representation, you’re essentially flying solo in a high-stakes, high-priced environment.
Imagine walking into a courtroom without a lawyer. It’s possible, but would you really want to? Especially when the other party has someone negotiating and protecting their interests.
In real estate, the listing agent is obligated to act in the seller’s best interest. That means they’re not working for you—and they’re not required to point out things that may work against the seller’s position.
Having your own agent levels the playing field.
Benefits of Working with a Real Estate Agent
Here’s where the perks really start stacking up:
1. Access to More Listings
Real estate agents often have early access to listings through industry networks, email alerts, and brokerages that share exclusive pre-market opportunities. In a city like Toronto, where some homes sell within 24 hours, this kind of head start can be the difference between getting the property—or missing out entirely.
2. Expert Negotiation
Your agent brings both experience and data to the table. They understand market conditions, comparable sales, and buyer psychology. They know when to go in strong, when to hold back, and how to structure offers that stand out without having you overpay or waive protections you’ll regret.
3. Process Management
From pre-approval to final closing, there are dozens of moving parts. Offers, amendments, deposits, conditions, appraisals—it adds up fast. A good agent keeps everything (and everyone) on track and ensures no detail slips through the cracks.
4. Emotional Buffering
Buying property—especially your first or forever home—is emotional. And emotions can cloud judgment. Your agent provides an objective lens, helping keep decisions grounded in logic, value, and long-term benefit.
5. Professional Network
A top-tier agent comes with a vetted team of professionals: mortgage brokers, real estate lawyers, home inspectors, movers, contractors, and more. They know who’s reputable—and who to avoid.
Understanding the Buyer Representation Agreement (BRA)
If you decide to work with a buyer’s agent in Ontario, you’ll likely be asked to sign a Buyer Representation Agreement (BRA). This document formalizes your working relationship, outlining responsibilities, boundaries, and expectations.
Key elements include:
The length of the agreement (often 90–180 days)
The area it covers (e.g., Toronto, the GTA, or specific neighbourhoods)
The commission terms (typically paid by the seller)
Signing the BRA means the agent has a legal fiduciary duty to you. That includes full disclosure, loyalty, confidentiality, and promoting your best interests above all else.
Tip: You can always negotiate or customize the BRA. Ask questions. Understand the clauses. A transparent agent will be happy to explain it all.
WaterWorks Condo
Who Pays the Agent’s Commission?
One of the biggest misconceptions buyers have is around commission.
In most resale property purchases in Toronto, the seller covers the commission for both their listing agent and the buyer’s agent. That means buyers can benefit from professional representation without paying out of pocket.
Exceptions do exist:
FSBO (For-Sale-By-Owner) deals where no buyer commission is offered
Discounted commission offers where a top-up may be required to meet your agent’s standard rate
In these scenarios, your agent will always explain the situation upfront and let you decide how to proceed.
Case Studies: Success Stories with Toronto Livings
We’ve helped hundreds of clients buy better and sell higher by combining strategy, market timing, and local expertise. Here are just two:
Client A: Bought Below Market Value in Midtown
This Toronto Condo Buyer was relocating from Vancouver and had no idea how fast-paced Toronto’s market had become. We helped them secure financing, understand the cities different areas, and define their needs. Through our network, we found a King West condo the day it hit the market and were able to secure it under the list price!
Client B: Sold High, Bought Smart
A longtime client needed to sell before buying. We arranged staging, drone photography, and a digital marketing push that resulted in multiple offers. Their midtown hard loft sold over asking. From there, they pivoted into a a detached house and are now in the process of growing out the family!
Smart moves don’t happen by accident—they’re the result of experience, timing, and a plan.
FAQs: Common Questions About Using a Real Estate Agent
What if I’m not happy with my agent?
You can always request to be released from your BRA. Most agents will agree, especially if it’s not a good fit. Open communication goes a long way. Don’t settle—work with someone who aligns with your goals and values. If you’re early in the process, consider starting with a shorter agreement or requesting a trial period to ensure compatibility.
Proven results in the neighbourhoods you’re interested in
Someone who listens, not just sells
Want to see how we work? Check our testimonials or book a no-pressure consult.
Can an agent help with pre-construction?
Absolutely. In fact, agents often get early access to builder launches, VIP pricing, and incentives not available to the public. Plus, we can help you assess developer track records and negotiate assignment clauses or caps on closing costs. Pre-construction can be lucrative, but it also comes with unique risks—having expert eyes on contracts can save you from surprise fees or delays.
What’s the difference between a buyer agent and a listing agent?
A buyer’s agent represents you, the purchaser. Their job is to advocate for your best interests—helping you find the right property, analyze pricing, and negotiate terms. A listing agent, on the other hand, represents the seller, and their goal is to get top dollar and favourable conditions for their client. Working directly with the listing agent can create a conflict of interest.
Is it worth having an agent if I’ve already found a property?
Yes. Even if you’ve spotted a home on Realtor.ca or walked by a “For Sale” sign, your agent can provide critical support in pricing analysis, offer structuring, due diligence, and negotiation. Plus, they can liaise with the seller’s agent to protect your interests throughout the deal.
Can I switch agents if I find someone better?
Yes, but be mindful of any active contracts. If you’ve signed a BRA, you’ll need to ask your current agent or brokerage to release you formally. Always have an open discussion first—good agents understand the importance of fit and won’t force a client to stay unhappy.
How early should I contact an agent before buying?
As early as possible. Even if you’re just “thinking about it,” an agent can help you set expectations, build a budget, get pre-approved, and narrow your neighbourhood focus. The earlier you engage, the more strategic your plan can be.
Do agents only work with first-time buyers?
Not at all. While many agents love guiding first-time buyers, experienced buyers, investors, and downsizers benefit just as much from strong representation. Every transaction is different—and so is every client’s goal.
Can an agent help me buy outside of Toronto?
Most Toronto-based agents work across the GTA and even into surrounding regions like Durham, Halton, and York. If they don’t serve an area personally, they can refer you to a trusted colleague who does.
Will I lose out on deals if I don’t act fast?
In hot markets, speed matters—but so does preparation. A good agent ensures you’re offer-ready with financing, legal review, and comparable data in hand. That way, when the right property pops up, you’re positioned to move quickly and confidently.
Can I negotiate an agent’s commission?
Sometimes, yes—especially in higher-end transactions or where multiple deals are involved. Just remember: a good agent more than earns their keep. It’s not just about hours worked—it’s about outcomes delivered.
What if I’m not happy with my agent?
You can always request to be released from your BRA. Most agents will agree, especially if it’s not a good fit. Open communication goes a long way. Don’t settle—work with someone who aligns with your goals and values.
Want to see how we work? Check our testimonials or book a no-pressure consult.
Joey and Mark
Conclusion: Making an Informed Decision
So, do you need an agent to buy property in Toronto? Legally, no. Strategically, it might be your best move.
A skilled agent brings you data, context, connections, and confidence. They unlock opportunities, protect your interests, and make the whole process more efficient and less stressful.
Whether you’re buying your first condo or upgrading to a family home, it pays to have a professional in your corner.
Want to explore your options? Let’s chat and see how we can help you buy smarter, faster, and with peace of mind.
Toronto’s summer scene hits different when you’ve got a pool with a skyline view. As vertical living becomes the norm in downtown life, rooftop pools have become more than just a luxury—they’re a lifestyle statement. Whether it’s morning laps above the city or sunset cocktails by the water, these elevated oases offer a resort vibe without ever leaving home.
And in a city where outdoor space is always at a premium, rooftop pools are a clever way to blend function, relaxation, and a serious wow-factor.
Top Toronto Condos with Rooftop Pools
1 Hotel Residences (550 Wellington)
Rooftop Pool at the 1 Hotel and Residences
Once known as the Thompson Residences, this King West icon has been reimagined as the eco-luxurious 1 Hotel Toronto. The rooftop pool here is as stylish as it gets—lush greenery, wood tones, and panoramic views give it a summer-in-Tulum feel (without the flight). It’s a hotspot for locals and visitors alike, offering residents a rare mix of tranquility and social buzz.
Why we love it: A hotel-calibre rooftop with a green ethos and that signature King West energy.
300 Front Street
Rooftop pool at 300 Front St
This Tridel-built tower delivers serious resort vibes in the heart of the Entertainment District. Its rooftop deck includes a stunning pool surrounded by cabanas, loungers, and a hot tub—all framed by the city skyline. It’s private, resident-only, and perfect for entertaining guests without ever leaving home.
Why we love it: A true rooftop sanctuary that feels more like a five-star resort than a condo.
Bisha Hotel & Residences
Rooftop pool at Bisha Hotel & Residences
If boutique luxury is your thing, Bisha nails it. The rooftop infinity pool here faces west—ideal for soaking in a Toronto sunset. Shared with hotel guests but known for its calm, curated atmosphere, this pool feels exclusive without being inaccessible.
Why we love it: Private and polished, with a side of golden-hour perfection.
Pier 27
Rooftop pool at Pier 27
Located right on the waterfront, Pier 27 offers one of the most unique rooftop experiences in the city. Its elevated infinity pool overlooks Lake Ontario, creating a blend of urban and natural views you won’t find elsewhere. It’s a full-on escape without ever leaving Queens Quay.
Why we love it: A true “pool with a view” that feels like you’re floating above the lake.
Fashion House (560 King West)
Rooftop pool at Fashion House
Minimalist and modern, Fashion House has a rooftop infinity pool that’s pure eye candy. It faces east, which means your morning swims come with a sunrise over the skyline. The sleek design, limited crowds, and King West location make it a favourite among design-forward residents.
Why we love it: It’s the rooftop for architecture lovers and pool purists.
Trilogy on King (1100 King Street West)
Rooftop pool at Trilogy on King
A hidden gem in Liberty Village, Trilogy on King is a rental community that punches well above its weight. Its rooftop terrace features an infinity pool, stylish lounge seating, and unobstructed city views. Add in coworking spaces, fitness centres, and an arcade, and you’ve got a lifestyle hub wrapped in one.
Why we love it: Condo-level amenities in a rental package—perfect for flexible urban living.
Not a condo, but worth a mention. Lavelle is a rooftop restaurant and lounge perched 16 storeys above King Street. With three pools, private cabanas, and a buzzing scene day or night, it’s the go-to spot for a social swim with city views.
Why we love it: You don’t need to live there to dive in—just bring your vibe (and maybe a reservation).
Rooftop Pool Roundup: Which Condo Is Right for You?
Looking for a rooftop pool that matches your lifestyle? Here’s the quick hit:
For nightlife and social energy: 1 Hotel, Lavelle
For tranquility and privacy: Bisha, Fashion House
For epic views: Pier 27, Trilogy on King
For a resort-like escape: 300 Front Street
Whether you’re buying, renting, or just daydreaming, there’s a rooftop oasis with your name on it.
Ready to Find Your Dream Condo with a Rooftop Pool?
From first showings to final walkthroughs, we know these buildings inside and out. If a rooftop pool is high on your wish list, we’ll help you find a home that’s just as cool as its amenities.
Leave us a message below and let’s take this search to the top (literally).
Choosing between a house and a condominium in Toronto is one of the biggest decisions you’ll make in your real estate journey. With significant differences in purchase price, ongoing costs, lifestyle impacts, and long-term investment potential, it’s crucial to weigh the pros and cons in the context of today’s market. In 2025, Toronto homebuyers face shifting affordability, inventory levels, and financing environments that can sway the decision one way or the other. In this deep dive, we’ll explore the key factors—from pricing and carrying costs to location and resale dynamics—to help you determine which option aligns best with your goals and budget.
Purchase-Price Comparison
Average House Prices in the GTA
According to the Toronto Regional Real Estate Board’s May 2025 data, the average price for a detached home in the Greater Toronto Area (GTA) was $1,430,000, representing a 5.4% year-over-year decline. Freehold townhomes averaged $996,000, down 4.3% compared to May 2024. These figures highlight the premium attached to detached and townhome ownership, driven by land value and larger living spaces.
Forest Hill Houses
Average Condo Prices in Toronto
Condominium apartments in the GTA saw an average sale price of $683,413 in May 2025, a 6.5% decrease year-over-year. Within the City of Toronto proper, Q1 2025 averages were slightly higher at $710,501, down 1.5% from Q1 2024. Condos offer a lower barrier to entry on purchase price, making them an attractive option for first-time buyers or purchasers with tighter budgets.
City Place Condos
Ongoing Carrying Costs
Mortgage Payments & Interest Rates
Current borrowing costs play a pivotal role in your monthly carrying costs. As of June 2025, the lowest advertised 5-year fixed mortgage rate in Toronto is approximately 3.94%. Based on a 25-year amortization, a $1,430,000 mortgage carries a monthly principal + interest payment of roughly $7,500, while a $683,413 mortgage (average condo price) equates to about $3,585 per month.
Condo Maintenance Fees
Condo ownership includes monthly maintenance fees that cover shared services and amenities. In the GTA, median maintenance fees for one-bedroom units range from $533 to $1,039 per month, depending on building age and amenity level. For example, a 700-sqft unit at $0.65/sqft results in a $455 monthly fee. These dues can cover utilities, concierge, fitness centres, and building insurance—expenses typically borne directly by single-family homeowners.
Lifestyle & Location Trade-offs
Space, Privacy & Outdoor Access
Houses typically offer more square footage—both indoors and outdoors—with private yards, driveways, and often multi-car garages. This additional space can translate to greater privacy and room for families, pets, and hobbies. In contrast, condos usually provide limited personal outdoor space (e.g., balconies), and communal areas like rooftop terraces or courtyards are shared among residents.
Amenities, Security & Maintenance
Condos often bundle amenities such as fitness centres, party rooms, concierge services, and security features into the monthly fees. This setup provides convenience and enhanced security without the homeowner needing to manage these services directly. For house owners, these amenities must be sourced and funded independently.
Over the past decade, detached homes in the GTA have appreciated at an average annual rate of approximately 5.8%, outpacing condominium apartments, which have averaged 4.1% per year since 2015. While both asset classes benefit from Toronto’s long-term growth, single-family homes have shown greater price resilience, particularly in lower-interest environments and low-inventory periods.
Liquidity & Demand in Resale Markets
Condominiums generally offer higher transaction volumes and faster time-on-market data, driven by broader affordability and investor appeal. In 2024, the average days on market (DOM) for GTA condos was 31 days, compared to 42 days for detached homes. However, detached homes have experienced tighter bid-landscape dynamics in sought-after neighbourhoods, sustaining strong demand despite slower turnover.
Toronto homebuyers face varying down payment thresholds: 5% for purchase prices up to $500,000 and 10% on the portion above $500,000. For a $683,413 condo, the minimum down payment is $34,171, whereas for a $1,430,000 house, expect $71,500 at minimum. The new First Home Savings Account (FHSA) allows first-time buyers to save up to ,000 tax-free, which can significantly offset these requirements. Learn more in our FHSA guide below:
Several programs can sweeten the deal. The Canada Mortgage and Housing Corporation (CMHC) offers a 10% refund on mortgage default insurance for FHSA users, while the Land Transfer Tax rebate for first-time buyers can be up to $4,475 in Toronto. Additional municipal incentives, such as the City of Toronto’s rent-to-own pilot, may also apply.
Last spring, we guided a young family in Etobicoke toward purchasing a detached home that offered room for two growing children and a backyard for their dog. Despite slightly higher mortgage payments, they prioritized space and privacy. Within six months, their property value rose by 3.2%, outperforming local condo benchmarks.
When a Condo Made Sense – How We Guided Another Buyer
In downtown Toronto, a professional couple needed proximity to transit and a lock-and-leave residence. We negotiated a $680,000 condo purchase in Liberty Village with low maintenance fees and premium amenities. Their monthly costs were nearly 40% lower than a comparable semi-detached home nearby, freeing up budget for travel and savings.
Pros & Cons at a Glance
Criterion
Houses
Condos
Purchase Price
High
Lower
Down Payment
$71,500+
$34,171+
Monthly Carrying Costs
Mortgage only ($7,500/mo example)
Mortgage + fees ($3,585 + $455/mo example)
Space & Privacy
Private yards, garages
Limited personal outdoor space
Amenities
– Add and maintain independently
Included (gym, concierge, security)
Resale Appreciation
~5.8% annual average
~4.1% annual average
Liquidity & Time on Market
Slower (~42 DOM)
Faster (~31 DOM)
Conclusion & Next Steps
Toronto’s real estate market in 2025 offers solid opportunities in both houses and condos. If you value space, privacy, and long-term appreciation—and can meet higher down payments—a house may be your best bet. However, if affordability, convenience, and lower maintenance responsibilities rank higher, a condo could be the smarter choice.
Ready to explore your options? Contact us, or leave a comment below for a personalized consultation and discover which path aligns with your lifestyle and financial goals.
