Buying Your First Home in 2025

2025 will be the year of the First-Time Buyer as there are so many opportunities to get into a home you love for less than you think.

One of the biggest advantages is within the Toronto condo market right now and throughout 2025, many first-time buyers will realize this is the opportunity they’ve been waiting for.

With the inventory numbers high and pricing holding steady, there is far more supply than demand, putting condo buyers in the driver’s seat for incredible deals that are available in today’s market – more than in any other recent year.

Another benefit first-time buyers have is that they don’t have to rely on the sale of their current home to be able to buy. This puts first-time buyers in an incredible position.

But there are some steps you need to take and some learning to do to ensure you’re ready to make your first purchase. In my guide, I’ll show you how to prepare in advance when it comes to finances, what to look for in your search and how to ensure it all goes smoothly by working with the best in the industry.

 

Becoming Familiar with the Buying Process

The purchase of your first home can seem like a fairly straightforward process. But that couldn’t be further from the truth, so knowing all of the different aspects is a critical first step. You should assemble your team and ensure everyone on it is working towards your best interests.

Critical members of your core team should include:

  • An experienced broker who has a solid understanding of the Toronto market and current buying trends, and, of course, can interpret the numbers in an easy-to-understand way.
  • A lender who can pre-approve your spending power, secure you a mortgage at a good rate and explain the financing process easily.
  • A Real Estate lawyer who will handle a good portion of the paperwork and who will ensure all of the details are communicated to you in the transfer of the home’s ownership upon completion of your agreement.

Working with Toronto Realty Boutique

I’m Romey Halabi, Founder and Lead Broker at Toronto Realty Boutique. We are a full-service real estate team with an office located at 130 Atlantic Avenue in Toronto’s Liberty Village neighbourhood. My real estate services cover everything from buyer representation, home and condo listings, to pre-construction condo sales and investments.

I have a full roster of legal counsel, mortgage brokers, contractors, and home inspectors who I have worked with countless times and trust with all of my valued clients.

When you enlist the help of my real estate services, I will ensure that you are happy, comfortable and confident in all of your decisions.

I approach every client relationship with intention. At TRB you will not be treated as a lead. I will always strive to build lifelong connections with my clients – I’m not happy until you’re happy – nothing less.

Get Your Free First-Time Buyer Guide Here from TRB

If buying for the first time is on your radar in 2025, your first step should be to download my free guide here on this page.

In my guide, I cover everything from mortgages and financing to a major overview of all of the government incentives out there, specifically for first-time buyers.

I’ll help with your lists of must-haves and nice-to-haves, go over all of the extra costs you need to be aware of, and even break down the offer and closing process.

Hopefully, you’ll find my insights valuable as we continue to navigate the market together.

~ Romey Halabi | Founder & Lead Broker | Toronto Realty Boutique
~ Info@TorontoRealtyBoutique.com