{"id":108,"date":"2026-10-12T12:00:00","date_gmt":"2026-10-12T12:00:00","guid":{"rendered":"https:\/\/www.realtorbhanu.ca\/blog\/?p=108"},"modified":"2026-10-12T12:00:00","modified_gmt":"2026-10-12T12:00:00","slug":"toronto-condo-closings-reveal-deeper-debt","status":"publish","type":"post","link":"https:\/\/www.realtorbhanu.ca\/blog\/2026\/10\/12\/toronto-condo-closings-reveal-deeper-debt\/","title":{"rendered":"Toronto Condo Closings Reveal Deeper Debt"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/bhanu-siwakoti\/condo-closing-debt-remotion-videos-d2fd\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Toronto\u2019s condo correction has created appraisal gaps, leaving many preconstruction buyers scrambling for cash when lender values fall short of original purchase prices.<br \/>\nAn expert said brokers should review the whole household balance sheet, because on-time mortgage payments can still mask rising cards, credit lines, and rental losses.<br \/>\nKey question: what is unsecured borrowing funding? Paying down cards may help, but unresolved household deficits or rental shortfalls can quickly rebuild balances.<br \/>\nOne example showed a $350K interest-only second mortgage near ~10%, with ~$44.5K in upfront charges and first-year costs near ~26% of net cash.<br \/>\nFor Toronto brokers, the goal is a plan the household can carry; closing one condo is not the same as solving the client\u2019s problem.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Toronto\u2019s condo correction has created appraisal gaps, leaving many preconstruction buyers scrambling for cash when lender values fall short of original purchase prices. An expert said brokers should review the whole household balance sheet, because on-time mortgage payments can still mask rising cards, credit lines, and rental losses. Key question: what is unsecured borrowing funding? [&hellip;]<\/p>\n","protected":false},"author":329,"featured_media":109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/posts\/108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/users\/329"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/comments?post=108"}],"version-history":[{"count":1,"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/posts\/108\/revisions"}],"predecessor-version":[{"id":110,"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/posts\/108\/revisions\/110"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/media\/109"}],"wp:attachment":[{"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/media?parent=108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/categories?post=108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realtorbhanu.ca\/blog\/wp-json\/wp\/v2\/tags?post=108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}