BUYER RESOURCES
Free Home Buyer Tools to help GTA home buyers get organized, compare properties,
understand the market and move forward with confidence.
STILL NOT SURE?
Frequently Asked Questions
Understanding the process to purchasing a home in the Greater Toronto Area.
Question 1: How much can I afford when buying a home?
Your affordability depends on your income, savings, debts, credit score, down payment, interest rate, and monthly carrying costs. A mortgage pre-approval is one of the best first steps because it gives you a clearer budget before you start viewing homes.
Question 2: Do I need a mortgage pre-approval before looking at properties?
Yes, it’s strongly recommended. A pre-approval helps you understand your price range, shows sellers you’re a serious buyer, and can help you move faster when the right property becomes available..
Question 3: What costs should I expect besides the purchase price?
Buyers should budget for closing costs, land transfer tax, legal fees, title insurance, home inspection fees, moving costs, property insurance, and possible adjustments for taxes, utilities, or condo fees.
Question 4: What happens after my offer is accepted?
After acceptance, you’ll typically complete any conditions, such as financing or inspection, provide your deposit, we work with your lawyer and lender, arrange insurance, complete the final walkthrough, and prepare for closing day.
TESTIMONIALS
What others are saying
"Service Above Expectations"
"We got out of our house and purchased a home in the community where we wanted to be. I know many people that haven’t had that kind of success. Thanks again for everything!"
- Annette Campagnaro
"Client Care Delivered"
"We were first-time buyers, and Danny Macedo made the whole process feel manageable, even exciting. Anytime we panicked or had questions, Danny or someone on his team got back to us fast, and they alwa ys took the time to explain our options."
- Jenny Roberts
"Trusted Guidance Given"
"Danny’s pricing guidance was spot-on, and he explained the neighborhood comps in a way that actually made sense, so we listed confidently. The best part was the negotiation, because he created momentum with multiple offers, pushed terms that protected us."
- Mike Groves
Royal LePage® Supreme Realty, Brokerage
110 Weston Road
Toronto, ON M6N 0A6
Call 416-535-8000
Text 647-931-5151
Copyright 2026. Macedo Real Estate Group, Danny Macedo, Sales Representative, Anthony Rocco Macedo, Sales Representative, Royal LePage Supreme Realty, Brokerage all rights reserved assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
Elite Broker Blogs
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Thirty-Two Days or Forty-Five? How to Read Days on Market Before You List
All figures in this article are taken from the Toronto Regional Real Estate Board Market Watch report for July 2026, released on 6 August 2026. Averages describe a whole area over a single month. They do not describe your house.
Every month TRREB publishes two different days-on-market figures, and most people quoting them do not distinguish between the two. The difference matters more than the numbers themselves.
What the two figures mean
Average LDOM measures days on market from the most recent listing date. If a property is listed, taken off the market, and listed again, the clock restarts.
Average PDOM measures days on market from the first listing date in the current sequence. The clock does not restart.
The gap between the two is, in effect, a measure of how much relisting is happening. When properties sell quickly at their first attempt, the two figures sit close together. When properties are being pulled and relaunched, PDOM runs well ahead of LDOM.
July 2026 across the GTA
Across all TRREB areas in July 2026, average LDOM was 32 days and average PDOM was 45 days. A gap of 13 days.
A year earlier, in July 2025, those figures were 30 days and 40 days, a gap of 10 days.
So LDOM rose 6.7 per cent year over year, and PDOM rose 12.5 per cent. The second number rose roughly twice as fast as the first.
That is not a small technical detail. It means the increase in selling time is being driven disproportionately by properties that did not sell on their first attempt.
Where the gap is widest
The spread varies sharply by area. July 2026 figures:
- City of Toronto: LDOM 32, PDOM 37, gap of 5 days
- Toronto W04: LDOM 30, PDOM 33, gap of 3 days
- Toronto W08: LDOM 33, PDOM 36, gap of 3 days
- Vaughan: LDOM 34, PDOM 54, gap of 20 days
- Richmond Hill: LDOM 37, PDOM 50, gap of 13 days
- Aurora: LDOM 34, PDOM 57, gap of 23 days
- King: LDOM 55, PDOM 71, gap of 16 days
Look at Vaughan and the City of Toronto side by side. Their LDOM figures are almost identical, 34 days against 32. Their PDOM figures are 54 days against 37.
If you quoted only LDOM, you would conclude the two markets were behaving the same way in July. They were not. In Vaughan, considerably more properties were going through a second attempt.
What this tells you about pricing
A large gap between PDOM and LDOM is what a mispriced launch looks like in aggregate. A property comes to market above what buyers will pay, sits, gets withdrawn, and comes back at a different number. The LDOM clock resets. The PDOM clock does not.
The cost of that sequence is not only time. Across all TRREB areas in July 2026, sellers achieved 97 per cent of asking price on average. In Aurora it was 95 per cent, and in King 94 per cent. Those are the two areas on the list above with the widest PDOM to LDOM gaps.
The pattern is consistent with what you would expect. Areas where more properties need a second attempt are also areas where sellers finish further below their asking price.
Three questions to ask before you list
- What is the PDOM figure for my municipality, not just the LDOM figure?
- Of the comparable properties used to set my price, how many sold on their first listing and how many were relisted?
- If my property does not have an offer by the average LDOM for my area, what specifically will we do differently, and on what date?
The third question is the one worth writing down before you sign anything. Deciding in advance what happens at day 34 is a different exercise from deciding it at day 34, when the decision is emotional and the market has already told you something you did not want to hear.
One caution on the numbers
These are averages across every property type in an area over a single month. A detached house in one pocket of Vaughan and a condominium apartment in another are both inside that 34 day figure. Use it to set expectations and to frame the conversation. Do not use it to predict your own timeline to the day.
Before you do anything else
Want to know what your home would actually sell for today? Run the Home Worth report on my site, or text me at 647-931-5151 and I will walk you through it.
Danny Macedo, Macedo Real Estate Group, Royal LePage Supreme Realty, Brokerage. Selling in Toronto and York Region since 1996.
