Michelle Kam, a Toronto-based real estate broker, breaks down the most common housing myths she sees mislead buyers and sellers across the city.
TORONTO, ON / ACCESS Newswire / January 13, 2026 / Misinformation spreads fast in competitive housing markets. According to Toronto-based real estate broker Michelle Kam, many people make decisions based on myths passed along by friends, headlines, or outdated advice. In a recent feature interview, Kam addressed the most common misunderstandings she sees and explained why they continue to cause confusion.
“Markets change, but bad assumptions stick around,” Kam says. “I see smart people second-guess themselves because they’re relying on things that simply aren’t true anymore.”
Below are five of the most common myths she says mislead people in Toronto today-along with facts and practical steps anyone can use right away.
Myth 1: Condos Are Only for Young People
Why people believe it:
Condos are often marketed to first-time buyers and professionals, which creates the idea that they are temporary homes.
The reality:
In Toronto, condos now make up more than 70% of new housing starts. Buyers include downsizers, retirees, families, and long-term owners. Many people stay in condos for decades.
Practical tip:
When viewing a condo, ask how many units are owner-occupied versus rented. A higher owner-occupied rate often signals long-term living, not turnover.
“People aren’t buying condos just to move again,” Kam says. “They’re choosing them because they fit how they actually live.”
Myth 2: Bigger Space Always Means Better Value
Why people believe it:
For years, value was tied to square footage. Bigger homes were seen as better investments.
The reality:
In urban Toronto, location and layout often matter more than size. Smaller, well-designed units in strong neighbourhoods often outperform larger ones in less connected areas.
Practical tip:
Focus on layout efficiency. Ask yourself if every room will be used weekly. Unused space rarely adds real value.
“One buyer told me they cared more about walkability than extra rooms,” Kam recalls. “That told me priorities had shifted.”
Myth 3: Pre-Construction Is Too Risky to Consider
Why people believe it:
Stories about delays and changing timelines scare buyers away.
The reality:
Delays are common, but they are not the same as failure. Pre-construction remains a major part of Toronto’s housing supply, especially in dense areas.
Practical tip:
Research the developer’s past projects. Look at completion history, not marketing promises.
“Selling pre-construction taught me that clarity matters more than speed,” Kam says. “When people understand the process, they feel more confident.”
Myth 4: You Must Time the Market Perfectly
Why people believe it:
Headlines and social media often frame real estate as a game of perfect timing.
The reality:
Most long-term homeowners buy based on life needs, not perfect conditions. Waiting for a flawless moment often leads to missed opportunities.
Practical tip:
Decide based on personal readiness, not predictions. Ask whether the home fits your lifestyle now and for the next few years.
“Markets feel loud when people chase headlines,” Kam says. “Clear thinking matters more than perfect timing.”
Myth 5: Real Estate Success Is About Flashy Moves
Why people believe it:
High-profile deals and bold marketing get attention, creating the idea that success comes from being aggressive.
The reality:
Long careers are built on consistency, trust, and repeat relationships. Many of Kam’s clients return years later or refer family members.
Practical tip:
Track long-term satisfaction, not short-term wins. Keep notes on what mattered most to you in past decisions.
“You don’t need to be the loudest voice,” Kam says. “You need to be reliable.”
If You Only Remember One Thing
Don’t make housing decisions based on assumptions. Ask questions. Check facts. Focus on how you actually live, not what you’re told you should want.
“People tell you what they need if you pay attention,” Kam says. “The job is listening, not guessing.”
Call to Action
If this myth list surprised you, share it with someone who’s thinking about buying or selling. Then try one tip today-whether it’s reviewing a layout more carefully or asking a better question at your next showing.
To read the full interview, visit the website here.
About Michelle Kam
Michelle Kam is a Toronto-based real estate broker with experience spanning luxury resale, urban housing, pre-construction sales, and brokerage leadership. A York University graduate, she founded and led City Accord Realty Inc. for over a decade before joining Re/Max Condos Plus. Her work focuses on clarity, adaptability, and helping people make informed housing decisions in a fast-changing city.
Contact:
SOURCE: Michelle Kam
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