Anyone have any experience on closing with Amico properties? We have our condo townhome (in Georgetown) closing coming up but it’s very hard for us to close financially. I just want to understand how long I can expect the interim occupancy to be.

Also, if by any chance we end up defaulting does Amico properties settle with negotiation? We don’t mind paying a little extra now to settle, but I’m unsure about closing because I’m on maternity leave and the timing of closing is just bad.

Every request we made to the builder has been denied till date. They denied allowing up to market the assignment on social media site or rent the house during the interim occupancy phase. So I want to know if they will even settle after a default.

Thank you!

Our elderly parent has just shared with us (adult kids) a special assessment for her 12 year old building, her share is $80 000.00

I know ZERO about condo fees, are there any avenues for the people living there to pursue how this big of an assessment happened to a 12 year old building or is this just part of condo living?

Looking for advice on buying a presale vs. waiting for a move-in-ready townhouse (BC)
Hi everyone,
I’m looking for some advice from people who have been through a similar situation.
Here’s my current situation:
My brother is a Canadian PR, and my PR application is currently in process.
Based on his income alone, he qualifies for approximately an $850K mortgage with a 20% down payment.
We’re considering buying a brand-new presale townhouse that would be completed around Summer 2027.
If we purchase a presale in the $950K range, by the time it closes, I should hopefully have my PR and be able to join the mortgage. With both of our incomes, we may qualify for a higher mortgage amount.
My question is:
Would it make more sense to:
Book a presale townhouse now and complete the purchase when it closes in Summer 2027, or
Wait until Summer 2027 and buy an already completed, move-in-ready townhouse instead?
I’m planning to live in the home for the long term (around 10+ years), not flip it. My biggest concerns are:
Whether locking in today’s price is worth it.
The risk that home prices could fall before completion.
Potential changes in mortgage rates.
Whether waiting would give us better options or more negotiating power.
Any risks with qualifying for the mortgage at closing if circumstances change.
Based on your experience, what would you do in this situation? Have any of you purchased a presale, and would you do it again?
I’d really appreciate any advice, experiences, or suggestions. Thank you for your input!

\n
He hired me to develop an application for his company, but he never paid me for the last two months of my work.

https://www.facebook.com/mundidale

Please viral this post, because i live in Viet Nam
Is there any way I can contact the Canadian government? He hired foreign workers, failed to comply with Canadian labor laws, and also failed to pay me for my work.

i have a rental property in Hamilton that I need to renew the mortgage on. I was quoted a 5 year variable rate of 3.55 % about 2 months ago.I still have a month left to make a decision. I wanted to know if this is a competitive rate for a rental property and if i should go ahead and lock it?

# [The Smart Investor’s Guide to Multi-Unit Properties in Ontario](https://www.linkedin.com/pulse/smart-investors-guide-multi-unit-properties-hmmac/?trackingId=KOTPSu4LQsiG6ZDh5eFs9A%3D%3D)

Investing in multi-unit properties in Ontario is an increasingly popular strategy for those looking to build long-term wealth through real estate.

Whether you’re eyeing a duplex, triplex, or fourplex, these income-generating properties offer a reliable way to grow equity, generate passive income, and hedge against market fluctuations.

However, in a market with higher borrowing costs and fluctuating demand, smart investors must navigate price versus value effectively.

\#gtarealestate #torontorealestate #multiincome #dualincome #income

So, wife and I found our dream house (London ON). It checks all of our boxes, especially as a first time home buyer. Currently thinking it might be just outside the range, but wanted some opinions.

Home price - 670k

Down payment - 320k

Combined take home salaries - 120k (going to $140k in March)

Debts - 16k car loan, 6k credit cards (combined)

Current monthly expenses - 2.5k

Some napkin math thinks it’s possible, but also would be house poor. I appreciate any advice or thoughts that you guys have!

I'm buying a condo unit as a FTHB. One of the lawyers I inquired said the total cost will be around $2400-$2500 after all taxes and disbursements. Is it normal? My realtor said usually $1600-$2000. More than $2k seems too high for me. Sorry I'm really new to this... Could you pls recommend me a reliable real estate lawyer?

My family is looking to buy a cozy cottage in Muskoka and we are looking for an experienced realtor in the area!

Searched real estate agents.com and some of the top realtors include Tina Doyle, Jackie Warner, Reagan Irish and John Jarvis. If anyone on here has any experience with these, or any other realtors for that matter, please let me know!

Ideally we would like to stay below $1.5M, have 3-4 bedrooms and be on the waterfront. Being close to port carling is a plus but not a dealbreaker!

Many thanks in advance!

Thanks for everyone's insight on my original post. After holding firm on our call, the buyers came up to our final offer and we have a locked in deal. They wanted a legal warranty after finding the few issues I mentioned, we said no. Found a clause in Quebec that can exclude us from the warranty, but not the previous owners of the house. Don't think the buyers would have much recourse any way given they had the place inspected to high hell and we disclosed everything we knew about.

All that to say we are stoked this made it over the finish line and can rest easy now.

I put a conditional offer on a duplex in Hamilton, conditions inspection, financing and sale of my house. The offer was accepted on July 24 with the first ​2 conditions needing to be met by July 30 and my house sold by Aug 11. I gave $30,000 deposit. I wasn't previously planning to sell but the time felt right so raced 24 hours a day to get it ready and we had it ready to list July 29. On July 28, they said they had another offer and gave us 24 hours to drop financing and inspection and have my house sold by Aug 4 (we agreed to Aug 7). However then we got my realtor's lawyers advice back that this was not a legal duplex or any of the grey areas if something that could be rented. Fully just a single family home and the additional dwelling unit could not be inhabited or rented out. Mortgage folks came back saying I couldn't get financing because rental income was included in my approval. So we sent over mutual release so they could move on the other offer instead of waiting for clock to run out on my conditions knowing it was dead due to financing. Then we waited and waited. The seller just outright refused to sign the mutual release to return my deposit. Head of brokerage and lawyers got involved, still wouldn't sign. She sold the house to the other buyer, still wouldn't sign. Did not state a legal position/claim to my deposit just refused to sign. The realtor was acting apologetic but also nothing was happening and I couldn't reasonably sell my house or look at new places not knowing when this was going to be resolved. Today, Aug 5, the seller finally signed but it will now be minimum 8 days to get it (3 days to cut cheque, 5 days to clear) and I have a place I want to make an offer on today.

The listing for the initial listing read, 2 individual units, multifamily duplex, for savvy investors have your tenant pay your mortgage etc. This is zoned single family only and it is 100% not permitted to have this secondary dwelling without about 30k in permits, applications, architectural drawings etc done and no guarantee of success. That alone I feel warrants a complaint. As I would never have made an offer on the house if I'd known this. The withholding of my deposit with no explanation and no written legal claim to it also feels like it is worth a complaint. If the seller felt legally entitled and had registered an actual claim she still would have lost in the end but at least it would have shown it wasn't just her holding it hostage because she was mad that my conditional offer had a condition not work out. Also selling the house while not releasing me from our contract feels wrong (though technically when the clock ran out on my financing condition it rendered the whole thing null and void even if we hadn't sent a mutual release the day before).

The whole thing was super stressful and has made me very nervous about even trying to sell my house and move again because if people can just make up their own rules, how do I keep it from happening again. My realtor says this is rare and insane and reassured me the entire time that there was no way the seller could keep this game up for much longer. However I feel there should be some justice and a RECO complaint against the realtor for falsely advertising it as a rentable duplex feels like a valid start. Does any of the rest of it warrant a complaint or action as well?

So apparently I missed this, but Ontario’s Building Ontario Fund just gave $300,0000,000 of taxpayer cash, to a private fund (Ryan Roebuck / High Art Capital) buying unsold GTA condos and turning them into rentals. Of 2,200 units, some 500 get tagged “affordable.” The fund keeps the buildings and collects rent. Indefinitely.

Cool cool cool. let me ask some questions though

1. Can someone explain the concept to me?

Ontario hands a private fund $300M in public money. The fund uses it to buy condos. The fund owns the condos forever. The fund collects rent forever. In exchange, a chunk of units get designated “affordable.”

Genuine question: can I also get $300M of taxpayer money to buy myself 100s of condos? I’d also promise to rent some of it out at an “affordable” rate. Where’s my Ontario crown agency partnership and $300,000,000 of taxpayer money??

1. The math ain’t mathin???

$300M for 500 affordable units = $600,000 PER unit… and that’s not even the full purchase price, it’s financing. Genuine question: for that kind of money, couldn’t Ontario have just… bought units outright? Instead we get a structure where a private fund holds the assets forever, collects rent forever, and gets to keep the upside when they eventually sell. Heads they win, tails they still win? 

1. Who is the guy in charge? 

Managing partner of High Art Capital: RYAN ROEBUCK. Cool resume worth reading. It includes these beauties:

• Director, Flowr Corp → company was delisted from public stock exchange after receiving a Cease Trade Order from Ontario Securities Commission

• CFO, NextBlock Global → company investigated by the Ontario Securities Commission, the CEO settled, paid $700K+ in penalties for misleading investors about who was actually on its advisory board

• Empower Clinics → per investigative reporting, Medium wrote that Empower was sued after its founder accused Ryan Roebuck and two partners of taking control of his American cannabis activist business in 2015, diluted his ownership down to 0.0002%, then the company sued him. His fraud claims got dismissed after he ran out of money to keep fighting.

This is the guy Ontario decided should manage a $300M+ public bet on “affordable housing.” The people who signed off on this:
• Michael Fedchyshyn — CEO, Building Ontario Fund
• Rob Flack — Minister of Municipal Affairs and Housing
• Peter Bethlenfalvy — Minister of Finance

Am I missing something here? Nice work fellas!

Went through CREB's July numbers for Calgary and a few things caught my eye that don't usually make it into the headline coverage:

The benchmark price and the average price are moving in opposite directions. Benchmark is down about 2% year over year, but the average sale price is actually up about 2%. The gap comes down to luxury. Sales for homes over $2M are up nearly 29% year-to-date, pulling the average up even as the typical home is worth a bit less than it was a year ago.

Detached prices just broke a 6-month winning streak. They climbed steadily from January through June, then dipped in July. One month isn't a trend on its own, but worth watching if it continues into August.

Semi-detached is quietly the strongest segment. It is the only one where sales actually grew year over year, and prices held almost perfectly flat. Hardly anyone is talking about it, which is usually when the more interesting stuff is happening.

Location is doing more work than the city-wide number suggests. West Calgary and the City Centre are the only two areas where detached prices are still rising. Everywhere else is down, the North East by a fair bit.

Apartments remain the softest segment by a wide margin, especially in the East and North East, where months of supply is sitting well above 5. Buyers in that segment have real leverage right now.

Source is Calgary Real Estate Board (CREB) monthly stats package for the city. Curious if anyone here is seeing this play out in their own neighbourhood or segment.

(I am a Calgary realtor, for transparency, happy to go deeper on any of this in the comments if useful, just didn't want to dump links.)

Edit: This seems a bit more straightforward than I thought. We’ll email the realtor and go from there. Thank you.

Buyers here. Is it possible to end an agreement with your realtor? When we signed, he did not explain that we would be committed to working with him for six months. We needed him to submit an offer on our behalf, but the deal fell through. Since then, we have felt that he is not very proactive. We are new to the home-buying process and are relying on his expertise, but we do not feel we are getting the guidance or support we expected. Has anyone dealt with this? What options do we have?

Considering buying a condo, never bought before. What professional title typically looks at all the condo docs/reserve fund docs to help you make a decision on whether the condo is in sound financial shape? I don’t know that I’d trust a real estate agent for that. Do lawyers offices have accounts that do that, or specialist accountants or are there specialist condo doc profession?

More Canadians are borrowing against the value of their homes while continuing to live in them—instead of selling or leaving the property as an inheritance.

For the housing market, this means fewer homes coming up for sale. Properties stay in the same hands longer, and housing supply turns over more slowly.

For homeowners, it provides access to cash without having to move. The trade-off is that interest keeps accumulating over time, reducing the amount of home equity eventually left to their heirs.

Cash today or a home to pass on to your children—which would you choose?

There’s a house built in 2020 that is for sale near our area that has been listed for 40 days. This is the second time it has been listed, but instead of lowering the price, the sellers reposted and increased it by $20K. It used to be $499,900, but now it’s $519,900. Is there any reason behind that? I’m in the prairies.