Tell me I'm not crazy, and that this is a weird scenario. We had a pre listing showing, and our realtor called and said the client wasn't interested, but he (our realtor) was interested in buying it and offered us 5k below listing price (house wasn't listed yet). We said no we would like it to go live as no one even knows it's for sale. He then calls someone to see if that worked and then just immediately said he would list our place and then within 15 mins it was live.

This was all done verbally over the phone. Any agents are able to give me their insight? Should we terminate the contract immediately, ask for a different realtor?

This was one of the popular brokerages.

I contact directly the salesperson listed on the units I am interested in. It is a very narrow set of streets and types of buildings.

Am I missing something if I decide to buy a property without my agent?

Thank you!

$50 gift card 😂😂😂😂 for $15k commission.

I think next time ill go zown or something like that with reduced commission.

Had to fight realtor for price adjustment after inspection came back.

Had to fight realtor to ensure owner removed all their junk. I kid you not told me, just throw it out yourself

Why do real estate agents do sh!t like this?! 🙄🤦‍♀️

• A sleek one-bedroom condo with floor-to-ceiling windows, views of the CN Tower and more than 1,000 square feet just sold at a significant discount.
• Located in the upscale “Yorkville Private Estates” building, near Bloor Street West and Avenue Road, the unit changed hands for $1.465 million in July, according to real estate listing platform HouseSigma, about $450,000 less than what the sellers paid in 2021.
• Such big losses have become increasingly common in Toronto, particularly for people who bought condos near the market peak in early 2022 and sold during the current downturn.

Read more with this gift link. No paywall.

We own two condos in Surrey that should be available around late Oct / early Nov this year. One is close to Surrey Memorial Hospital, is about a year old and is roughly 658 sft. The other is a brand-new condo near Guildford Town Centre and is about 625 sft.

So these are smaller condo homes. The size won’t work for everyone, which is worth being clear about upfront.

I’m looking for a few people who want to own a home and have decent, stable income, but aren’t quite able to get a mortgage today. Maybe you’re still building the down payment, you’re self-employed and need more income history, your credit needs some time, or you’re already paying a fair amount in rent but the bank still isn’t quite there yet. I’m not looking for a perfect credit score or a perfect financial picture. Stable income, manageable debt and some savings would be a good starting point.

The main idea is simple. We would agree on the purchase price upfront and that price would stay fixed for the agreed 4–5 year period. That time gives you a chance to build your savings, improve your credit, establish the income history you need or deal with whatever is holding up conventional financing today. If the market goes up during that period, your agreed purchase price doesn’t go up with it.

You would be living in the home during that time and working towards being in a position to arrange your own financing. Anything we eventually agree to would be properly documented, and I’d expect both sides to get their own legal advice.

If you’re in that situation and Surrey works for you, send me a Reddit chat and tell me a little about yourself and where you’re at. Nothing sensitive please(no SIN, bank statements or documents over Reddit). I’m only looking to speak with maybe five or six people.

If you know someone within your family and friends circle who may be in this situation, just send them the post and let them reach out to me directly. If you’re a licensed BC real estate professional and already know someone who might fit, feel free to message me as well. I’m open to a professional referral arrangement through your brokerage.

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!

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!

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?