Should I Lower My Condo Price? + The Family Home Stretch — ‘The Situation’ Consumer Q&A - Oct 2023

In our monthly consumer Q&A, ‘‘The Situation’, Urmi asks and John responds to the detailed questions that real estate consumers across the GTA have sent in.

We hear from a young family wondering if they should stretch to buy their family home, seller who wonders if she needs to reduce her condo price and an owner planning to downsize in the next few years — and wondering if they should risk waiting.

00:00 Intro
02:03 Should I Stretch to Buy My Family Home Right Now?
10:39 Should I Lower the Price on My Condo That’s Not Selling?
25:31 Should I Downsize Now Given I Have a Lower Rate?
30:36 Why Are High Interest Rates Affecting Different Areas and Types of Housing Differently?

Today’s Show Links:What to Know When Working With an Agent: https://youtu.be/12bGC-B52XI?si=e_tXi9ddIXUVHhaz

October Monthly Market Update: https://www.youtube.com/live/vouOvJIZyUE?si=HnYEMHFxOJtwHSNZPrefer to listen?

You can also listen to this interview on our Move Smartly Podcast: https://podcasts.apple.com/ca/podcast/move-smartly-the-podcast/id1443689534?i=1000632425029

Email us about your own real estate situation to be addressed in a future episode at: [email protected]

To book a personalized consultation with John Pasalis and Realosophy Realty: https://www.movesmartly.com/meetjohn

Feedback or questions about this show? Email Editor Urmi Desai at: [email protected] / Follow us on Twitter @MoveSmartly

About This Show

The Move Smartly podcast is hosted by Urmi Desai, Move Smartly editor, and John Pasalis, Broker and President of Realosophy Realty in Toronto, Canada. MoveSmartly.com is powered by Realosophy Realty.


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