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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July 2026 in the GTA: Sales Flat, New Listings Down 17.8 Per Cent
Every figure below comes from the Toronto Regional Real Estate Board Market Watch report for July 2026, released on 6 August 2026.
One month of data does not tell you what to do. It does tell you what changed, and this month one thing changed a great deal more than the rest.
The headline numbers
- Sales: 5,995, down 0.9 per cent from 6,047 in July 2025
- New listings: 14,484, down 17.8 per cent year over year
- Average selling price: $1,003,956, down 4.5 per cent from $1,051,600
- MLS Home Price Index composite: down 4.6 per cent year over year
- Active listings at month end: 26,098
- Average days on market: 32 from the most recent listing, 45 from the first listing
Read those in the right order
Sales were essentially unchanged. A 0.9 per cent move on roughly six thousand transactions is noise, not a trend. Buyer demand in July looked much like buyer demand a year earlier.
New listings were not noise. Down 17.8 per cent is a substantial contraction in the number of homes coming to market.
Put those two together and you get the sentence that matters: the same number of buyers were choosing from a meaningfully smaller pool of new listings.
TRREB President Daniel Steinfeld described it this way in the release: "With sales accounting for a larger share of listings, buyers may find there is less room to negotiate moving forward. If current trends continue, home prices could start to level off compared to last year."
So why did prices still fall?
Because prices reflect where the market has been, not where it is heading. The 4.5 per cent decline compares July 2026 with July 2025. Tightening that happened during this summer will show up in prices later, if it holds.
TRREB Chief Information Officer Jason Mercer pointed at the reason buyers have been hesitant: "Many would-be homebuyers are waiting for confidence in the market and broader economy to improve before making a purchase. This includes more clarity on tariffs, inflation and borrowing costs."
On the borrowing side, the Bank of Canada overnight rate stood at 2.3 per cent in July 2026 and the prime rate at 4.5 per cent. Posted mortgage rates were 5.49 per cent for one year, 6.05 per cent for three years and 6.09 per cent for five years. Toronto's unemployment rate was 7.2 per cent in June 2026 and inflation was running at 2.8 per cent.
By home type
Average prices across the whole TRREB area in July 2026:
- Detached: $1,291,690 across 2,789 sales
- Semi-detached: $964,922 across 557 sales
- Townhouse: $817,213 across 1,003 sales
- Condominium apartment: $636,323 across 1,564 sales
Note the split inside the detached figure. In the City of Toronto detached homes averaged $1,547,928. In the surrounding 905 region they averaged $1,207,295. One number, two quite different markets.
The figure most people miss
Average days on market rose on both measures, but not by the same amount.
Measured from the most recent listing date, the average was 32 days, up from 30 a year earlier, a rise of 6.7 per cent. Measured from when a property first came to market, the average was 45 days, up from 40, a rise of 12.5 per cent.
The second figure grew roughly twice as fast as the first. The difference between the two measures is relisting. When a property is withdrawn and brought back, the first clock restarts and the second does not.
So the lengthening of selling times in July was driven disproportionately by homes that did not sell on their first attempt. That is a pricing signal, not a market signal, and it is one a seller can do something about.
What this actually means for you
If you are selling this autumn: you face less competition from new listings than a seller did a year ago. You also face buyers who are comparing you against a lower price level than last summer. Those two facts argue for pricing accurately and launching properly rather than testing a number and correcting later.
If you are buying: prices are lower than a year ago and choice is narrower than a year ago. Whether that is a good trade depends entirely on what you are looking for and where.
If you are doing both: you are on both sides of it, and the month's figures do not settle your decision. Your own carrying costs do.
The caveat that belongs on every market report
These are averages across every property type in every part of a very large region over a single month. They describe the region. They do not describe your street, and they certainly do not describe your house.
If you want your own numbers
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.
