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Family helped this solo buyer get his first condo, which has dropped ,000 in value | Canada Voices

Open this photo in gallery:Illustration by Diana BoltonBradley bought his one-bedroom Mississauga condo near the peak of the market in early 2023, when prices in the Greater Toronto Area were at record highs.The 30-year-old engineer, who earns $103,000 a year, paid $525,000 for the 680-square-foot unit, which came with one parking spot.Although he doesn’t check its value any more, he estimates his condo is now worth around $20,000 less than what he paid. He said he was aware of the risk, but he sees the purchase as a long-term decision, not a short-term investment.“I bought it to live in,” he…

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