The Last Honest Realtor
Welcome to The Last Honest Realtor, your exclusive, behind-the-scenes pass to the twists and turns of the Toronto real estate market. Hosted by David Fleming of Toronto Realty Group, this podcast offers an unprecedented look behind the curtain, presenting the local real estate scene with a mix of unapologetic honesty and entertaining cynicism.
David doesn’t just talk real estate—he lives it. With years of experience under his belt, he's here to share the unvarnished truth about what it really takes to buy or sell in Toronto. From the big wins to the frustrating pitfalls, get ready for a behind-the-scenes journey that promises both information and entertainment.
Whether you’re a first-time homebuyer, a seasoned investor, or just a real estate enthusiast, David's insights will equip you with the knowledge you need to navigate the market. Expect practical advice on everything from staging and junk removal to listing and making the sale.
Tune in to The Last Honest Realtor and experience Toronto real estate like never before. Be informed, be entertained, and most importantly, be ready to see the industry through the eyes of someone who can handle any challenge the market throws his way.
The Last Honest Realtor
Ep. 35 - First-Time Condo Buyers in 2025: Smart Move or Market Trap?
In a Market Full of Uncertainty, Should You Buy Now or Wait?
Toronto’s condo market is at a crossroads. Prices are dipping, interest rates are shifting, and buyer sentiment is all over the place. But does that mean now is the perfect time to buy—or a terrible mistake?
In this episode of The Last Honest Realtor, host David Fleming takes a no-nonsense look at the realities first-time condo buyers face in 2025. Forget the speculation—David breaks down the real risks, real opportunities, and real estate fundamentals that should guide your decision.
In This Episode:
- Buy or Wait? – Why first-time buyers are hesitant and what the data actually says.
- Fear vs. Facts – Will condos keep falling, or is this a once-in-a-decade buying opportunity?
- The Condo Market Playbook – How to navigate mortgage pre-approvals, maintenance fees, and investment value.
- The Market Timing Myth – Why most buyers get this part completely wrong.
- Real Estate 101 – What every first-time buyer must know before making a move.
Timestamps:
00:00 – Introduction: Is buying a condo in 2025 a mistake?
05:30 – Why first-time buyers are more anxious than ever.
12:15 – The biggest misconceptions about condo values.
18:45 – How to separate media panic from market reality.
25:30 – The impact of interest rates on affordability.
31:10 – The hidden costs of condo ownership.
38:45 – The market cycle: Buy now or wait it out?
45:20 – Final Thoughts: How to make a smart decision in 2025.
Don't Miss:
- Why the fear of overpaying could cost you more in the long run.
- How location shapes your life more than just your investment returns.
- The biggest mistakes first-time condo buyers make—and how to avoid them.
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