{"id":2768,"date":"2026-10-08T17:00:00","date_gmt":"2026-10-08T17:00:00","guid":{"rendered":"https:\/\/www.craigpeeling.com\/blog\/2026\/10\/08\/ontario-condo-closings-face-value-gap-i-help-wonderful-people-buy-sell-great-homes-its-an-honour-when-you-refer-your-family-friends-and-neighbours-135\/"},"modified":"2026-10-08T17:00:00","modified_gmt":"2026-10-08T17:00:00","slug":"ontario-condo-closings-face-value-gap-i-help-wonderful-people-buy-sell-great-homes-its-an-honour-when-you-refer-your-family-friends-and-neighbours-135","status":"publish","type":"post","link":"https:\/\/www.craigpeeling.com\/blog\/2026\/10\/08\/ontario-condo-closings-face-value-gap-i-help-wonderful-people-buy-sell-great-homes-its-an-honour-when-you-refer-your-family-friends-and-neighbours-135\/","title":{"rendered":"Ontario Condo Closings Face Value Gap | I help wonderful people buy &amp; sell great homes &#8211; its an honour when you refer your family, friends and neighbours!"},"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\/craig-peeling\/close-completing-purchases-1c5c\" 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>There\u2019s a tough reality playing out for some Ontario condo buyers right now: many are finding themselves on the hook for up to 30% more than their unit\u2019s current market value at closing. The reason? Market values have dropped below the original contract prices, and banks are only willing to lend based on what the condo is worth today\u2014not what was agreed upon years ago. This leaves a significant financial gap for buyers who\u2019ve waited through long pre-sale periods, permit hurdles, and construction delays\u2014sometimes only to find the numbers no longer add up. In earlier, hotter markets, we even saw some developers canceling deals outright when costs became unmanageable, which brought about stricter provincial oversight and calls for more buyer protection. The purchase contracts themselves can be daunting, with just a short cooling-off window and very limited ways out. As someone who\u2019s seen every side of the home buying journey, I know how overwhelming these moments can feel. My approach has always been honest and direct\u2014helping wonderful people navigate complex situations so they can move forward with confidence and clarity. If you\u2019re feeling uncertain about your next step, know you\u2019re not alone. Your peace of mind matters to me, every step of the way.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s a tough reality playing out for some Ontario condo buyers right now: many are finding themselves on the hook for up to 30% more than their unit\u2019s current market value at closing. The reason? Market values have dropped below the original contract prices, and banks are only willing to lend based on what the [&hellip;]<\/p>\n","protected":false},"author":97,"featured_media":2769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/posts\/2768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/users\/97"}],"replies":[{"embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/comments?post=2768"}],"version-history":[{"count":0,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/posts\/2768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/media\/2769"}],"wp:attachment":[{"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/media?parent=2768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/categories?post=2768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.craigpeeling.com\/blog\/wp-json\/wp\/v2\/tags?post=2768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}