Pre-Approved, Prepared, and Ready to Buy
From helping you understand your budget to strengthening your offer before you start your search, getting
pre-approved gives you a clear advantage when buying a home in the Greater Toronto Area.
With a mortgage pre-approval in place, you’ll know what you can afford, focus on the right properties, and
move forward with confidence when the perfect home becomes available.
ATTENTION: Toronto Homebuyers
Dedicated and Experienced Team
We believe every successful home search starts with the right preparation. Whether you’re buying your first property, moving up, or purchasing again, getting pre-approved helps you understand your budget, shop with confidence, and focus on homes that truly fit your goals.
With a pre-approval in place, you’ll be ready to act quickly when the right property comes along, making your buying experience smoother, clearer, and more efficient.
Building Up Your Credit Score
Improving your credit score takes time and effort, but because it results in getting the best terms on your mortgage, it is worth it. Here's how you can improve your credit score:
#1 Get a copy of your credit report
The first step to rebuilding your credit score is to get a copy of your credit report. You can request a free copy of your credit report from Equifax or TransUnion in Canada. Review your credit report carefully to identify any errors or inaccuracies that may negatively impact your score. If you find any errors, dispute them with the credit bureau.
#2 Pay down your debts
While having debt - if you are paying it off on time - helps you build your credit score, the amount of debt you have limits the amount you can borrow. If you have high credit card balances or other debts, work on paying them down as quickly as possible. If you're using a significant amount of your available credit, this may suggest that you are overextended and may struggle to make payments. The less debt you have, the better your credit utilization ratio will be, which can help improve your credit score.
#3 Start budgeting to pay your bills on time
Start paying your bills on time with no exceptions. Make this the #1 priority each month. Creating a monthly budget helps you take care of your financial health. You can use a budgeting app or a Google or Excel sheet to plan your expenses.
#4 Seek professional help
If you are struggling to rebuild your credit score, consider seeking professional help from a credit counselor or financial advisor. They can help you develop a plan to improve your credit score, manage your debts, and create a budget.
How to Avoid a Money Pit:
Be on the Lookout for these 6 Warning Signs That Could Mean Expensive Repairs...
Roof
Leaks are the most common problem with roofs, and are tough to detect from outside. However, from inside an attic, you can often see water marks where there is a leak.
Plumbing System
Make sure you are confident that both water systems: the one that brings fresh water in and the one that takes sewage out are functioning well before signing on the dotted line.
Electrical Systems
Before you agree to buy you should make sure that you can run all of the appliances you want to and even power tools at the same time without having a power failure.
Heating and Cooling Systems
Be sure to thoroughly inspect the heating and air conditioning systems in any home you are considering purchasing.
Bad Paint and Signs of Rotting
The paint inside and outside the house can reveal a lot about the condition of the underlying material. Check several places on several walls, using your eyes and a screwdriver for poking.
Cracks and other important signs
Cracks in walls, doors not closing properly and uneven floors can all be signs that there is a problem with the foundation. If the foundation is not strong, the entire house could literally collapse, so you should carefully check for these signs.
TESTIMONIALS
What others are saying
"We found the one"
"Danny negotiated strategically, got the seller to address key repairs, and secured a price that felt like a win without risking the deal. We felt supported, informed, and genuinely cared for the entire time"
- Deklon R.
"Communication was immediate"
"I can’t say enough about how professional, energetic, and effective Danny Macedo’s team is. Communication was immediate and consistent, and we always knew what was happening, what came next, and what decisions mattered most."
- Tony Marquez
"Outstanding Realtor Service"
"Thanks again for everything! We really look forward to ha ving you as a resource and being able to refer friends to you for real estate advice."
- Alex Campagnaro
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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August 2026 by Home Type: Where Prices Held and Where They Fell
The August 2026 Market Watch from TRREB reports 5,057 sales across the GTA, down 2.1 per cent from August 2025. The average selling price came in at $993,410, down 2.7 per cent year over year. Those are the headline numbers most people see. They are also the least useful ones, because they treat every property type as though it is doing the same thing. It is not.
Here is what August 2026 looked like when you separate it by home type.
Detached: Essentially Flat
Detached homes accounted for 2,399 of the month's 5,057 sales. The average price was $1,288,669, which is just 1.8 per cent below August 2025. Sales volume was up 0.5 per cent year over year.
Within that total, the 416 area (City of Toronto) saw detached prices rise 3.6 per cent, with an average of $1,525,749 across 550 sales. The 905 area was slightly softer, with prices down 0.4 per cent to an average of $1,218,148 across 1,849 sales.
Put simply, detached is the steadiest segment in the market right now. Prices have barely moved, and sales volume ticked up. For sellers of detached homes, this is close to neutral territory. For buyers, it means the discounting window that existed earlier in the year has largely closed on detached product.
Semi-Detached: Modest Softening
There were 439 semi-detached sales in August 2026, with an average price of $931,665, down 5.0 per cent year over year. Sales were up 0.9 per cent.
The 416 averaged $1,110,639, down 1.8 per cent. The 905 averaged $830,033, down 7.2 per cent.
Semi-detached is a transition product for many GTA buyers. It sits between townhouse and detached pricing, and it is often the first step for move-up buyers leaving a condo. The 5 per cent decline overall, and the sharper drop in the 905, suggests this is where buyers still have some negotiating room, particularly in the suburbs.
Townhouse: The Steepest Decline
Townhouses recorded 832 sales in August, with an average price of $786,817. That is down 8.6 per cent year over year, the largest decline of any home type this month. Sales volume fell 9.5 per cent.
The 416 averaged $797,856, down 12.9 per cent. The 905 averaged $784,086, down 7.5 per cent.
Both sales and prices are down materially. This is worth understanding. Townhouse supply in the GTA has grown substantially over the past several years as new developments delivered product into the market. More supply with softer demand produces exactly this result: lower prices and fewer transactions.
For buyers looking at townhouses, August's numbers say clearly that this is the most buyer-friendly segment. For sellers, it means pricing to the current comparable sales is essential. Listing at last year's number and waiting will not work in this segment right now.
Condo Apartment: Still Under Pressure
There were 1,330 condo apartment sales in August, with an average price of $617,593, down 3.6 per cent year over year. Sales volume fell 2.6 per cent.
The 416 averaged $651,648, down 2.1 per cent across 885 sales. The 905 averaged $549,868, down 7.6 per cent across 445 sales.
The condo market continues to carry more inventory than any other segment, with active listings elevated and months of inventory above the balanced market threshold across most GTA districts. The decline is more moderate than townhouses, but the story is the same: supply is outpacing demand, and prices are adjusting downward as a result.
One distinction worth noting. Condo apartments in the City of Toronto are only down 2.1 per cent. That is a much smaller decline than the 905, where suburban condos have fallen 7.6 per cent. The urban condo market is absorbing the pressure more easily than the suburban one.
What This Means for the Rest of the Year
The pattern is clear. Detached homes are holding value. Semi-detached is softening modestly. Townhouses and condos are the segments where buyers have the most leverage.
For move-up buyers thinking about selling a condo or townhouse and buying a detached home, the arithmetic has changed. The gap between what you sell for (declining) and what you buy for (stable) is widening. That is not necessarily a reason to wait, but it is a reason to run the numbers carefully before assuming last year's equity translates to this year's purchasing power.
For sellers of detached homes, the market is working for you, but not spectacularly. Homes sold at 97 per cent of list price on average in August, with an average of 33 days on market for detached product. That is healthy, not heated.
New listings across all home types dropped 14.1 per cent year over year to 12,075, while active listings fell 11.3 per cent to 24,482. Less choice for buyers could shift the balance toward sellers over the coming months, but that depends on which segment you are in and how your specific neighbourhood is trading.
Source: TRREB Market Watch, August 2026. All figures are for the TRREB market area.
If you want to know how your specific home type and neighbourhood performed in August, call me at 416-560-4983 and I will pull the numbers for you.
