The real estate market in Toronto is strong, with high demand and low supply. This has led to a competitive market, where properties are often sold for over the asking price.

In recent years, the market has seen a rapid increase in home prices, driven by factors such as low interest rates, immigration, and a shortage of available homes. However, it is important to note that the real estate market can be affected by various economic and political factors, so it can be volatile at times. Despite this, Toronto continues to be a popular and attractive place to live, making it a strong real estate market overall.

Whether you are looking to buy or sell a home, it is always a good idea to keep an eye on the market trends and consult with a real estate professional to ensure you make informed decisions.  | Most Searched Real Estate Questions

The cost of buying a house in Toronto varies based on location, size, and other factors, but it can range from $800,000 to over $2 million.

The cost of buying a house in Toronto can vary widely based on various factors such as location, size, age, and overall market conditions. On average, the cost of a home in Toronto can range from $800,000 to over $2 million. However, it is not uncommon to see homes selling for much higher or lower prices, depending on the specific characteristics of the property and the location.

For example, the cost of detached homes is typically higher compared to semi-detached or townhouses. It is also worth noting that the real estate market in Toronto is constantly changing, so the average home prices can fluctuate from year to year.

To get a better understanding of the current market conditions and what you can expect to pay for a home in Toronto, it is always a good idea to consult with a real estate professional or do thorough research.

Additionally, obtaining a pre-approval for a mortgage can give you a good idea of your budget and help you make informed decisions when shopping for a home. | Most Searched Real Estate Questions

Renting an apartment in Toronto can cost anywhere from $1,500 to $3,000 per month, depending on the size and location of the property.

The cost of renting an apartment in Toronto can vary widely based on several factors, including the size and location of the property, as well as overall market conditions.

The size of the apartment is one of the main factors that can affect the monthly rental cost. Generally, larger apartments will cost more than smaller apartments, while the cost of studios or one-bedroom apartments will typically be lower.

The location of the property is another important factor that can impact the cost of rent. Properties located in popular, central areas of Toronto, such as downtown or the Annex, tend to be more expensive compared to those located in the outskirts of the city. Additionally, the cost of rent in newer, luxury buildings will typically be higher compared to older buildings.

It is also worth noting that the real estate market in Toronto is constantly changing, so the average rental costs can fluctuate from year to year. To get a better understanding of the current market conditions and what you can expect to pay for a rental apartment in Toronto, it is always a good idea to consult with a real estate professional or do thorough research. | Most Searched Real Estate Questions

On average it takes between 3-6 months to buy a house in Toronto. The time it takes to buy a house in Toronto can vary based on factors such as the availability of properties, the competitiveness of the market, and the speed of the mortgage process.

Here's a more detailed look at each step of the process and how long it can take:

Finding a property: This can take anywhere from a few days to several weeks, depending on your needs and the availability of properties in your desired area.

Making an offer: Once you have found a property that you are interested in, the next step is to make an offer. This can take a few days, as you and your real estate agent negotiate the terms of the offer with the seller.

Getting a mortgage: Securing a mortgage can take anywhere from a few days to two weeks, depending on the lender and the complexity of your financial situation. You will typically need to provide information about your income, assets, and credit history to get a mortgage, and the lender may require additional documentation or verification.

Closing the sale: Closing the sale typically takes a 30 to 90 days, as the necessary legal and financial details are finalized and the closing costs are paid. This includes signing the necessary legal documents, paying the closing costs, and transferring ownership of the property.

In total, the home-buying process in Toronto can take anywhere from 3 to 6 months, depending on the factors mentioned above. However, with the help of a knowledgeable and experienced real estate agent, you can navigate the process more smoothly and get into your new home as soon as possible. | Most Searched Real Estate Questions

Here is a step-by-step guide on how to buy a condo in Toronto:

Determine your budget: It's important to have a clear idea of how much you can afford to spend on a condo in Toronto. This will help you narrow down your search and avoid overspending.

Hire a real estate agent: Working with a knowledgeable real estate agent can be extremely helpful in the condo buying process. They can assist you with finding condos that match your criteria, negotiate the price, and help with the closing process.

Research neighbourhoods: Choose the neighbourhoods you are interested in and research the various condos available for sale.

Visit open houses and go on showings: Visit a number of condos to get a better understanding of the condos you're interested in and to get a feel for the neighbourhoods.

Make an offer: Once you've found a condo that you're interested in, work with your real estate agent to make an offer. Your agent will negotiate the price and help you finalize the deal.

Get a mortgage: If you need a mortgage to purchase your condo, it's a good idea to get pre-approved before making an offer. This will give you a better idea of how much you can afford to spend.

Review the condo Status Certificate: Every Condo has a series of documents that outline the financial health, legal status and detailed information about the condominium corporation. It is important to have a real estate lawyer review these documents prior to closing the sale in order to protect yourself from future issues.

Closing the sale: Once your offer has been accepted, the next step is to finalize the sale. Your real estate agent and a lawyer will assist you with this process.

Move in: After the sale is finalized, you're ready to move into your new condo in Toronto!

This is a general guide on how to buy a condo in Toronto. It's important to remember that each transaction is unique, so it's always a good idea to seek the advice of a real estate agent and a lawyer. | Most Searched Real Estate Questions

Real estate agents in Toronto work by helping clients buy, sell, and rent properties. They are licensed professionals who have completed training and passed exams to become experts in the real estate market. Real estate agents can assist clients with a wide range of tasks, including:

Property search: Agents can help clients search for properties that meet their specific needs and preferences, including location, size, and budget.

Offer preparation: Agents can help clients prepare and submit offers on properties they are interested in purchasing.

Negotiation: Agents can negotiate on behalf of their clients to secure the best terms and conditions for the sale or purchase of a property.

Closing process: Agents can guide clients through the closing process, including coordinating with lenders, inspectors, and other parties to ensure a smooth transaction.

Market analysis: Agents can provide clients with valuable insights and information about the local real estate market, including property values, market trends, and more.

Real estate agents play an important role in the real estate market by helping clients navigate the complex process of buying, selling, and renting properties. With their expertise and experience, they can help clients make informed decisions and achieve their real estate goals. | Most Searched Real Estate Questions

You can find a real estate agent in Toronto by searching online, asking for referrals, or contacting local real estate agencies.

Finding a quality real estate agent in Toronto can be a bit of a challenge, given there are approximately 70,000 agents on TREBB and 60% of these agents did 5 or fewer transactions in 2022.

Here are some tips to help you find the right agent for you:

Ask for referrals: One of the best ways to find a real estate agent is to ask for referrals from friends, family, or colleagues who have recently bought or sold a property in Toronto. They can provide you with first-hand information about the agent's experience, knowledge, and professionalism.

Search online: There are many online resources available for finding real estate agents in Toronto, including real estate websites, social media, and directories. You can search for agents based on location, specialty, or other criteria to find the right agent for you.

Look for credentials: When searching for a real estate agent, it is important to look for agents who have the right credentials. You can check an agent's credentials by visiting the RECO website or contacting the organization directly. We always recommend you search for google reviews and on RECO to see if any complaints or offences have been filed against any agent you are considering.

Meet with potential agents: Once you have identified several potential agents, it is important to meet with each one to get a sense of their experience, knowledge, and professionalism. Ask about their experience in the Toronto real estate market, their approach to buying or selling a property, and their availability to help you throughout the process.

By following these tips, you should be able to find a real estate agent in Toronto who can help you find the right property and guide you through the buying or selling process. It is important to choose an agent who you feel comfortable working with and who can provide you with the knowledge, experience, and professional support you need. | Most Searched Real Estate Questions

Real estate commissions are a fee that is paid by the seller of a property to the real estate agent or brokerage that represents them in the sale.

The commission is typically calculated as a percentage of the sale price of the property and is paid at the time of the closing. In a typical transaction, the commission is split between the buyer's agent and the seller's agent, with each agent receiving a portion of the total commission.

The exact percentage of the commission that each agent receives may vary, but it is typically negotiated in advance and agreed upon by both parties.

Commissions are the primary source of income for real estate agents and are typically used to cover their operational costs and to compensate them for their time and expertise. | Most Searched Real Estate Questions

Real estate agents in Toronto are typically paid through commissions, which are a percentage of the sale price of the property. The commission is typically split between the buyer's agent and the seller's agent, with each agent receiving a portion of the total commission.

The commission is paid by the seller and comes out of the total sale price.

The exact percentage of the commission that each agent receives may vary, but it is typically negotiated in advance and agreed upon by both parties. In Toronto, the typical commission for a buyer agent is 2.5% + HST of the sale price as commission. For a selling agent, the typical commission is between 2-2.5% + HST.

In some cases, the seller may agree to pay a higher commission to the buyer's agent in order to incentivize them to bring a buyer to the property. | Most Searched Real Estate Questions

Selling a condo in Toronto can be a complex process, but by following these steps, you can ensure a smooth and successful sale:

Determine your condo's market value: Before listing your condo, it's important to have a clear understanding of its current market value. This can be done by hiring a professional Realtor.

Prepare your condo for sale: Make any necessary repairs and improvements to increase the value of your property and make it more appealing to potential buyers. Clean and declutter your condo to make it look more spacious and inviting. Use professional staging to ensure the property looks the best it can. Have professional photos, videos, 3d tour, and floorplan taken.

Price your condo correctly: Pricing your condo correctly is crucial to attracting buyers and getting the best price for your property. Your real estate agent can help you determine the right price based on market data and comparable sales.

Market your condo effectively: Your real estate agent should use various marketing strategies to attract buyers, such as online listings, open houses, and targeted advertising.

Review and negotiate offers: When offers start coming in, it's important to carefully review them and negotiate the best possible terms. Your real estate agent can help you with this process.

Close the sale: Once you have accepted an offer, your real estate agent will help you navigate the closing process and ensure that all necessary paperwork is in order.

By following these steps, you can sell your condo in Toronto quickly and efficiently. | Most Searched Real Estate Questions

Real estate agents help people find homes and sell their homes. They do this by doing things like:

Help potential buyers learn about the home buying process, help buyers identify which properties are right for them, take buyers on showings, perform comparable property analysis to make price recommendations, create and submit offers as well as negotiate on buyers' behalf.

Helping potential sellers figure out what they need to do to prepare their home for sale, including minor renovations, repainting, staging, or decluttering. They will make recommendations on price, timing, and selling strategy. They will create a marketing plan including providing photos, video, social media, a landing page, and other marketing collateral. They will list the property on local MLS and other online portals. Once listed, they will review offers and negotiate on the seller's behalf. Finally, they will facilitate the closing of the sale. | Most Searched Real Estate Questions

The average home price in Toronto is around $800,000.

However, this number can vary widely depending on various factors such as location, type of property, size, age, and overall market conditions.

For example, the average home price in the downtown area of Toronto is higher compared to the outskirts of the city. Furthermore, the cost of detached homes is typically higher compared to condos or townhouses.

It is important to note that the real estate market in Toronto is constantly changing, so the average home price can fluctuate from year to year.

It is always a good idea to consult with a real estate professional or do thorough research to get a better understanding of the current market conditions and what you can expect to pay for a home in Toronto. | Most Searched Real Estate Questions

The process of buying a home in Toronto typically involves finding a property, making an offer, getting a mortgage, and closing the sale.

The process of buying a house in Toronto involves several steps that are designed to help you find and purchase your dream home. Here are the general steps involved in the process:

Determine your budget: Before you start looking for a home, it is important to determine how much you can afford to spend. You can obtain a pre-approval from a lender or a mortgage broker to get a good idea of your budget.

Start your home search: Once you have a good idea of your budget, you can start your search for a home in Toronto. You can use online resources, attend open houses, or work with a real estate agent to help you find the perfect home.

Make an offer: When you find a home that you are interested in, you will need to make an offer to the seller. This involves submitting a written contract that outlines the terms of the sale, such as the purchase price, closing date, and any contingencies.

Negotiate: After you submit your offer, the seller may counter your offer or accept it as is. You and the seller will then negotiate the terms of the sale until you reach an agreement.

Home inspection: Once you have an agreement in place, you will need to have a home inspection to ensure that the home is in good condition and free of any major issues.

Getting a mortgage: If your offer is accepted, the next step is to get a mortgage. You can work with a financial institution, such as a bank or credit union, to secure a mortgage that meets your needs. You will typically need to provide information about your income, assets, and credit history to get a mortgage.

Close the deal: If the home inspection goes well and you have secured a mortgage, the next step is to close the sale. This involves signing the necessary legal documents and paying the closing costs, which typically include legal fees, title insurance, and land transfer tax. Your real estate agent can help you understand the closing process and ensure that everything is handled properly.

It is worth noting that the home-buying process in Toronto can be quite complex, so it is always a good idea to work with a real estate agent and a financial institution to ensure that everything goes smoothly. They can help you understand the process, negotiate the terms of the sale, and ensure that all the necessary legal and financial details are handled properly. | Most Searched Real Estate Questions

Typically, monthly maintenance fees for condos in Toronto range from $300 to $1,000. Maintenance fees for condos in Toronto can vary greatly depending on several factors such as the size of the condo, the amenities offered, and the location of the property.

The fees cover the cost of maintaining common areas, such as the lobby, elevators, and outdoor spaces, as well as the cost of utilities such as heating and water. Some condos may also offer additional amenities such as a gym or pool, which can result in higher monthly maintenance fees.

It's important to factor in the monthly maintenance fees when considering the cost of buying a condo in Toronto. A higher monthly fee can increase the overall cost of homeownership, so it's a good idea to carefully review the fees before making a purchase.

It's also important to review the condo's financial statements, which should be provided by the condo corporation, to get a better understanding of the current and future financial health of the building. This will help you determine whether the monthly maintenance fees are reasonable and whether they are likely to increase in the future. | Most Searched Real Estate Questions

The best neighbourhoods in Toronto include Forest Hill, Leslieville, andLittle Italy.

is a large and diverse city with many great neighbourhoods to choose from. Some of the most popular and highly-regarded neighbourhoods for living in Toronto include:

Forest Hill: Known for its tree-lined streets, upscale homes, and friendly community, Forest Hill is one of Toronto's most desirable neighbourhoods.

Leslieville: Sandwiched between Canary District and the Beaches, Leslieville is a neighbourhood of diverse housing options, amazing food and thriving local businesses.

Little Italy: Located along College Street, Little Italy is a vibrant and colourful neighbourhood known for its lively street festivals, authentic Italian restaurants, and vibrant nightlife.

These are just a few examples of the great neighbourhoods that Toronto has to offer. When deciding where to live in the city, it is important to consider factors such as proximity to work, access to public transportation, and the type of community you want to be a part of.

Consulting with a real estate professional or doing thorough research can help you find the best neighbourhood to suit your needs and preferences. | Most Searched Real Estate Questions

When looking for the best neighbourhoods for condos in Toronto, there are several factors to consider, including:

Location: Some popular neighbourhoods in Toronto for condos include the Financial District, the Entertainment District, the Canary District and Regent Park.

Access to public transportation: Neighbourhoods with easy access to public transportation, such as subways and streetcars, are often popular for condos in Toronto.

Amenities: Neighbourhoods with a wide range of amenities, such as shops, restaurants, and entertainment options, are also popular for condos.

Safety: Safety is always a concern when choosing a neighbourhood, and Toronto has several neighbourhoods with low crime rates that are popular for condos.

Proximity to parks and green spaces: Neighbourhoods close to parks and green spaces, such as the Toronto Islands, High Park, and Trinity Bellwoods Park, are also popular for condos.

Affordability: Some neighbourhoods in Toronto may be more affordable than others, making them a good option for those looking to buy a condo.

Ultimately, the best neighbourhood for a condo in Toronto will depend on the individual's unique needs and preferences. It's recommended to research different neighbourhoods, speak to a real estate agent, and visit the neighbourhoods in person to determine which is the best fit. | Most Searched Real Estate Questions

Toronto offers a variety of different types of condos, each with its own unique features and benefits. Some of the most popular types of condos in Toronto include:

Mid-rise condos: Mid-rise condos are typically found outside the city's downtown core and are known for their unique architecture, community feel, and high-quality finishes.

Loft-style condos: Loft-style condos are popular in Toronto's older buildings and are known for their open-plan designs and large windows. They are often more spacious than traditional condos and offer a more industrial look and feel.

Townhome condos: Townhome condos are similar to traditional townhouses and typically offer residents their own front door and outdoor space. They are a popular option for families who are looking for more space and privacy than a traditional condo.

Waterfront condos: Waterfront condos are found along the shores of Lake Ontario and offer residents stunning views of the water and the city skyline. They are often more expensive than other types of condos but offer a luxurious and exclusive lifestyle.

Luxury condos: Luxury condos in Toronto offer residents the latest in modern amenities and high-end finishes, including high-quality kitchens and bathrooms, concierge services, and state-of-the-art fitness centers.

The most popular type of condo in Toronto can vary based on the buyer's lifestyle, budget, and personal preferences. It's important to research and compare the different types of condos in Toronto to determine which one is the best fit for your needs. | Most Searched Real Estate Questions

Condos in Toronto offer a range of amenities to their residents, aimed at providing a comfortable and convenient lifestyle. Some of the most common amenities offered in condos in Toronto include:

Fitness center or gym: Many condos in Toronto feature a state-of-the-art fitness center or gym, providing residents with access to fitness equipment and workout classes.

Pool: Swimming pools are a popular amenity in Toronto condos, allowing residents to enjoy a refreshing swim in the summer months.

Work & study space: Flexible work and study spaces are becoming more and more popular within buildings aimed at young dwellers.

Outdoor space: Many condos in Toronto offer outdoor spaces such as rooftop terraces, providing residents with a place to relax and enjoy the fresh air.

Visitor parking: Most condos in Toronto offer residents visitor parking spaces, which can be convenient for those visitors who own a car.

24-hour security: Many condos in Toronto offer 24-hour security, providing residents with peace of mind and added protection.

Concierge services: Some condos in Toronto offer concierge services, providing residents with assistance with tasks such as receiving packages or arranging transportation.

Storage space: Some condos in Toronto offer additional storage space, allowing residents to store belongings such as bikes or seasonal items.

The amenities offered in condos in Toronto can greatly impact the lifestyle and comfort of residents. It's important to carefully review the amenities offered when considering purchasing a condo, to ensure that it meets your needs and preferences. | Most Searched Real Estate Questions

What type of real estate is best to invest in depends on the type of investment strategy you want to use.

The types of real estate that are best for cashflow investing are multi-unit residential and mixed-use properties. These include simple residential duplexes all the way to commercial ground-level units with residential units above them.

The types of real estate that are best for creating additional equity (BRRRR Method) are residential property conversions. These include laneway development, duplexes, triplexes, and quadplexes.

The types of real estate that are best for fix-and-flip investments are single-family residential properties that require only cosmetic upgrades or simple structural changes. Outdated condo units in buildings with good reputations are also a great option. | Most Searched Real Estate Questions

Property taxes in Toronto are relatively high compared to other cities in Canada and are calculated based on the assessed value of the property.

Toronto has double-taxation on its real estate. Both a Municipal and a Provincial tax.

Property taxes in Toronto are based on the assessed value of the property and are used to fund various local services, such as public schools, police and fire departments, and municipal services.

The average property tax bill in Toronto is approximately 1.5% of the assessed value of the property.

In Toronto, property taxes are due twice a year, on June 30th and December 31st. The amount of the property tax bill is determined by the City of Toronto's Assessment and Taxation Department, which assesses the value of each property in the city and determines the amount of taxes owed based on the current tax rate.

The property tax rate in Toronto is set annually by the City of Toronto, based on the amount of money needed to fund the various services and programs provided by the city. The tax rate can vary from year to year, depending on the city's budget and the level of services provided.

It is important to note that property taxes in Toronto can be quite high compared to other cities, so it is always a good idea to take property taxes into consideration when buying a home or considering a rental property in the city. You can obtain detailed information on property taxes in Toronto, including the current tax rate and the amount of your property tax bill, by contacting the City of Toronto's Assessment and Taxation Department. | Most Searched Real Estate Questions

To buy a property in Toronto, you typically need to provide personal identification, proof of income, a pre-approval letter from a lender, and a deposit.

When buying a property in Toronto, there are several important documents that you will need to provide, both to the lender and to the government. The most common documents include:

Proof of identity: This can include a passport, driver's license, or other government-issued identification.

Proof of income: You will typically need to provide proof of your income, such as pay stubs, tax returns, and bank statements, to show that you have the financial capacity to repay a mortgage.

Proof of assets: This can include bank statements, investment accounts, and other assets that can be used to secure a mortgage or pay the closing costs.

Credit report: You will typically need to provide a credit report, which provides information about your credit history and your ability to repay a loan. This can be obtained from a credit bureau or a lender.

Offer to purchase: This is a legal document that outlines the terms and conditions of the sale, including the purchase price, closing date, and any contingencies or conditions.

Mortgage application: This is a document that you will need to complete and submit to the lender to apply for a mortgage.

Legal documents: Finally, you will need to sign various legal documents, including the agreement of purchase and sale, the mortgage agreement, and the transfer of ownership.

In total, there are several important documents that you will need to provide when buying a property in Toronto. However, with the help of a knowledgeable and experienced real estate agent, you can ensure that you have all of the necessary documents and that the process goes smoothly. | Most Searched Real Estate Questions

When a real estate deal falls through, it means that the sale or purchase of the property did not go through as planned. This can happen for a variety of reasons, including:

Financing issues: The buyer may be unable to secure a mortgage or other financing for the property.

Home inspection problems: The results of a home inspection may reveal significant issues with the property that the buyer is unwilling to accept.

Appraisal issues: The property may appraise for less than the agreed-upon purchase price, making it difficult to secure financing.

Contract issues: The buyer or seller may have violated the terms of the contract, leading to the deal falling through.

Changes in personal circumstances: The buyer or seller may experience changes in their personal circumstances, such as job loss or illness, that prevent the deal from going through.

In the event that a real estate deal falls through, the parties involved may be able to renegotiate the terms of the agreement or may choose to walk away from the deal entirely. Whether or not the seller gets to keep the deposit as compensation will depend on the nature of the clauses in the contract and whether the contract is "firm" or conditional. In most cases, the parties should involve their real estate lawyer to resolve any disputes. | Most Searched Real Estate Questions

Real estate is often considered a good investment because it provides several advantages, including:

Potential for appreciation: Real estate can appreciate in value over time, providing investors with the potential for long-term gains.

Cash flow: Real estate investments can generate rental income, which can provide a steady source of cash flow.

Tax benefits: Real estate investment provides several tax benefits, including the ability to deduct mortgage interest and depreciation from taxable income.

Diversification: Investing in real estate can help diversify an investment portfolio, reducing the overall risk of the portfolio.

Tangible asset: Real estate is a tangible asset, which means that investors can physically see and touch their investment.

It's important to note that real estate investments can also carry risks, such as fluctuations in the real estate market and the need for ongoing maintenance and upkeep. As with any investment, it's important to carefully consider the potential risks and benefits before making a decision. To determine if real estate is a good investment for you, it's recommended that you seek the advice of a financial advisor and do your own research on the local real estate market. | Most Searched Real Estate Questions

The best real estate investment depends on an individual's financial goals, investment time horizon, and risk tolerance. Some common real estate investment options include:

Residential rental properties: Renting out residential properties can provide steady income and the potential for long-term appreciation.

Commercial properties: Investing in commercial properties, such as office buildings or retail spaces, can provide higher rental income and the potential for higher appreciation.

Real estate investment trusts (REITs): REITs allow investors to invest in a diversified portfolio of properties through the purchase of shares in the trust. This can provide exposure to real estate investments without the need for direct ownership of property.

Fix-and-flip investments: This strategy involves purchasing a property, fixing it up, and then reselling it for a profit. This type of investment can be riskier and more hands-on, but also offers the potential for higher returns.

Ultimately, the best real estate investment for an individual will depend on their unique financial situation and investment goals. It's recommended that individuals consult with a financial advisor to determine the best real estate investment strategy for their needs. | Most Searched Real Estate Questions

Real estate is a long-term investment that generally provides stability and resilience, even during economic downturns. Several factors contribute to the stability of real estate markets, including:

Supply and demand: The supply of real estate is limited, which helps to support property values even during economic downturns. Meanwhile, the demand for housing typically remains strong, driven by population growth and other economic factors.

Tangible asset: Real estate is a tangible asset, meaning that it has physical value that cannot be easily replicated or destroyed. This makes real estate less susceptible to market fluctuations than other types of investments.

Leverage: Real estate is one of the few assets that allow you to purchase and own more than you have in cash, while still benefitting from complete ownership. You can also refinance or take out additional loans on real estate providing greater financial flexibility.

While real estate markets can be influenced by a variety of factors, the overall trend has been toward stability and resilience over the long term. As with any investment, it's important to consider the potential risks and benefits before making a decision and to seek the advice of a financial advisor if necessary. | Most Searched Real Estate Questions

Real estate will crash when these two things happen in parallel: The cost of borrowing (interest rates) rise beyond what the majority of those with mortgages can afford on a monthly basis, plus the demand for properties from buyers and/or renters falls well below the number of sellers who must sell.

If the cost of borrowing rises but there is demand, then sellers can sell or rent their unit at a regular market value, with no crash. 

If the demand to buy or rent drops but sellers can afford their borrowing costs, then they do not have to sell and property values will remain the same, with no crash. | Most Searched Real Estate Questions