{"id":83,"date":"2026-10-08T14:00:00","date_gmt":"2026-10-08T14:00:00","guid":{"rendered":"https:\/\/www.moghaddam.ca\/blog\/?p=83"},"modified":"2026-10-08T14:00:00","modified_gmt":"2026-10-08T14:00:00","slug":"toronto-condo-closings-reveal-deeper-debt","status":"publish","type":"post","link":"https:\/\/www.moghaddam.ca\/blog\/2026\/10\/08\/toronto-condo-closings-reveal-deeper-debt\/","title":{"rendered":"Toronto Condo Closings Reveal Deeper Debt"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\" src=\"https:\/\/www.roomvu.com\/agent\/embed\/alireza-moghaddam\/condo-closing-debt-remotion-videos-d2fd\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>Recent Toronto condo closings have underscored a growing financial challenge for many buyers: appraisal gaps are leaving some scrambling for extra funds when lender valuations don\u2019t meet original preconstruction purchase prices. As someone who\u2019s advised clients through hundreds of complex transactions, I\u2019ve seen how easy it is to focus on making mortgage payments while other pressures\u2014like rising credit card balances, lines of credit, or rental income shortfalls\u2014go unnoticed. It\u2019s essential to take a holistic view of your household finances, not just the mortgage. For example, I\u2019ve come across cases where a $350K interest-only second mortgage at nearly 10% carried upfront charges of about $44,500, pushing first-year costs to roughly 26% of net cash. That\u2019s a striking burden. For buyers and brokers alike, the priority should be building a plan that the household can truly sustain. Closing a single condo deal doesn\u2019t necessarily solve the bigger financial picture\u2014addressing the full balance sheet is key to long-term success.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recent Toronto condo closings have underscored a growing financial challenge for many buyers: appraisal gaps are leaving some scrambling for extra funds when lender valuations don\u2019t meet original preconstruction purchase prices. As someone who\u2019s advised clients through hundreds of complex transactions, I\u2019ve seen how easy it is to focus on making mortgage payments while other [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":84,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-83","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/posts\/83","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/comments?post=83"}],"version-history":[{"count":1,"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/posts\/83\/revisions"}],"predecessor-version":[{"id":85,"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/posts\/83\/revisions\/85"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/media\/84"}],"wp:attachment":[{"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/media?parent=83"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/categories?post=83"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moghaddam.ca\/blog\/wp-json\/wp\/v2\/tags?post=83"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}