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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Buying Before Selling in Toronto: What July 2026 Actually Says About the Risk
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.
Almost every move-up seller I speak to asks the same question in a slightly different way. They want to know whether they can buy the next house before they sell the current one. It is the right question. It is also the one most often answered with a feeling instead of a figure.
Here is what the numbers actually say.
What happened across the GTA in July
GTA REALTORS reported 5,995 sales through the TRREB MLS System in July 2026. That is down 0.9 per cent against the 6,047 sales recorded in July 2025. Practically speaking, buyer demand was flat.
New listings were not flat. There were 14,484 of them in July 2026, down 17.8 per cent year over year. Active listings finished the month at 26,098.
The average selling price was $1,003,956, down 4.5 per cent from $1,051,600 in July 2025. The MLS Home Price Index composite benchmark was down 4.6 per cent over the same period.
So: demand roughly unchanged, supply down sharply, prices down about four and a half per cent from a year ago.
Why those three facts pull in different directions
A falling supply of listings usually favours sellers, because each seller faces less competition. TRREB President Daniel Steinfeld put it this way in the July release: "With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward."
A price level down 4.5 per cent year over year usually favours buyers, because the next house costs less than it did.
If you are doing both transactions, you are on both sides of that at once. That is precisely why the sell-first question cannot be answered with a market opinion. It has to be answered with your own two numbers.
The math you actually need
The risk in buying first is not that the market falls. The risk is that you own two homes and carry both. So the calculation is not "what will the market do", it is "what does a month of overlap cost me, and how many months of overlap am I realistically exposed to".
Start with the second half of that, because it is the part people guess at.
Across all TRREB areas in July 2026, the average property took 32 days to sell from its most recent listing date, and 45 days measured from when it first came to market. Both figures are longer than a year ago. The 32 days is up 6.7 per cent from 30 days, and the 45 days is up 12.5 per cent from 40 days.
Then add the closing period. A sale agreed on day 45 does not put money in your account on day 45. If you negotiate a 60 day close, your money arrives around day 105 from the day you listed.
Now the first half. Take your current mortgage payment, property tax, insurance and utilities. Add the same four numbers for the house you intend to buy. That total is your monthly cost of overlap. Multiply it by the number of months between your purchase closing and your sale closing.
That figure, not a market forecast, is what you are risking.
Where the local numbers change the answer
Days on market vary considerably by municipality, and the variation is larger than most people expect.
- Vaughan: 34 days from last listing, 54 days from first listing
- Richmond Hill: 37 days and 50 days
- Aurora: 34 days and 57 days
- King: 55 days and 71 days
- City of Toronto: 32 days and 37 days
A seller in King City and a seller in the City of Toronto are running the same decision with materially different exposure. In King, the gap between first listing and sale averaged 71 days in July. In the City of Toronto it averaged 37. That is roughly a month of extra carrying cost sitting inside the same decision.
What I would do with this
Work out your monthly cost of overlap. Take the days on market figure for your municipality, add your intended closing period, and convert it into months. Multiply. Look at the answer.
If that number is one you could absorb without changing anything about your life, buying first is a defensible choice and you should be aware that you are paying for convenience. If it is not, sell first. There is no third answer, and no amount of market commentary changes the arithmetic.
Most people who ask me this question have never actually done that multiplication. Once they do, they usually answer their own question in about ten minutes.
Before you fall in love with anything
Text me at 647-931-5151 and I will show you the sell-first math on your own numbers, in your own neighbourhood, before you start looking.
Danny Macedo, Macedo Real Estate Group, Royal LePage Supreme Realty, Brokerage. Selling in Toronto and York Region since 1996.
