The problem? The GTA condo market has stalled.
Condo Market Glut: The Numbers Don't Lie
- Condo sales in the GTA are down over 21% year-over-year.
- Inventory has more than doubled, leading to longer listing times and lower prices.
- Prices continue to slide, with no quick recovery in sight, especially for high-rise units in oversupplied neighborhoods.
This is happening while detached homes, townhomes, and semis are showing signs of stabilization—even resilience. But for condo owners looking to upgrade, the transition is more difficult than ever.
The Dilemma: Sell at a Loss or Sit and Wait?
Many owners planned to use their condo equity to upgrade to a larger home—especially families planning to grow, remote workers seeking more space, or investors looking to reallocate. But the math no longer works as it once did.
- Selling now could mean a lower-than-expected valuation.
- Waiting may only prolong uncertainty.
- Upgrading is risky if your current unit doesn’t move quickly.
The result? A growing number of would-be sellers are opting out—or turning to alternative financing options.
💡 Lendworth's Equity-Based Solutions: Unlock Your Next Move
At Lendworth, we understand that traditional lending isn't always practical in a shifting market. That’s why we offer equity-based financing options to help you make your next move—even if your condo hasn’t sold yet.
We help condo owners:
✅ Refinance to pull equity for a new down payment
✅ Secure bridge financing while waiting for a condo to sell
✅ Use second mortgages to purchase before selling
✅ Tap into alternative lending with fast approvals and flexible terms
Whether you're looking to buy a detached home, semi, or townhome, our team can help you move forward—without relying on the banks or waiting on a sluggish market.
Rent It, Refinance It, or Move On—You're Not Stuck
If selling your condo now feels like a losing game, there are still smart moves you can make:
- Refinance with Lendworth to free up capital
- Keep your condo as a rental investment
- Use our equity-based solutions to buy your next property first
We work with Toronto homeowners every day to create custom mortgage solutions that banks won’t offer—and we can close fast, often in days, not weeks.
Why Choose Lendworth?
🏡 GTA-Based: We specialize in real estate across Toronto and surrounding markets
📊 Conservative LTVs: Protecting your capital is our top priority
⚡ Quick Closings: Equity-based approvals within days
💼 Use RRSPs or TFSAs to invest with Lendworth Mortgage Investment Corporation
💰 Attractive Yields for investors, flexible financing for borrowers
Final Word: Don’t Let a Sluggish Market Stall Your Plans
Yes, the condo market is soft. But that doesn’t mean your financial growth has to stop. Whether you’re ready to move up, restructure your mortgage, or explore new investment opportunities—Lendworth is here to help.
📞 Contact us today for a confidential consultation, or visit
👉 www.lendworth.ca to get started.