TORONTO — A real estate agent with more than a decade of experience has confirmed he’s done the right thing and is no longer interested in selling or selling his condo.
“I have done my due diligence and I think this is the right time for me to say I’m not interested in purchasing a condo,” said Jonathan Zaretsky, who has been involved in Toronto realtor circles for nearly a decade.
Zaretsky said he was looking to buy the condo on West End Avenue but had to close the deal in May to save his job and financial stability.
His wife, Melissa, has had a house in Scarborough for nearly 15 years.
Zaretsky said she is also working part-time as a marketing consultant, but is not selling her home.
I have to sell my house.
It’s just not sustainable.
I’ve been in Toronto for more than 30 years, and I’m ready to move on,” Zareansky said.
The condo in question is in Scarborough, where Zarekos business is booming.
He said it was only a matter of time before he saw his condo in Toronto, but said the city is not ready for a new condo and they’ve been looking for a long time for a suitable location.
In May, Zareanks was the first realtor in Toronto to accept a condo in the city.
Toronto realtor Nicole Nesbitt said it’s been a long, hard road for people like Zare and Nesbs, who say it’s a challenge to find a place that is right for them.”
They have to work very hard to find an affordable condo, and if they can’t find it, they’re still going to struggle financially,” she said.”
And I don’t know if that’s a lack of resources or just a lack [of] knowledge about condo buying.
“Toronto realtors are also seeing a rise in condo sales in recent years.
According to a report by the National Association of Realtors, condo sales are up 27 per cent since 2007.