Sold the house and is closing this friday, found out yesterday from my lawyer that the lender apparently never registered my mortgage that i got from them about 3 months ago. Lawyer is in communication with the financial institution to get this resolved. I only have 3 days till closing...my understanding is that registering a mortgage should not take too long, not sure why the lender has not done so yet. What are my options, obviously i am getting nervous as the closing date is getting very near.

Looking for a recommendation or to hear from a CPA who regularly handles non-resident (US) sales of Canadian real property. This is related to the sale of a personal cottage (not income generating) that has been owned since the 1970s. We are under contract to close.
• Need someone who can prepare and file Form T2062 to get Section 116 clearance before closing, ideally avoiding the default 25%-of-gross-proceeds withholding.
• Also need someone highly experienced in coordinated and guidance on the adjusted cost base for a long term hold.

Please DM me…

Took possession of a place last spring and within the first two weeks found out the basement had a recurring water intrusion issue that only showed up during heavy rain. The inspector walked through, checked the visible stuff, said everything looked fine. No flags, no mention of moisture risk, nothing.

The sellers clearly knew. There was fresh paint on one wall down there that didn't match anything else in the house, and the carpet had that slightly warped edge that only happens after it dries out from being wet. Classic signs in hindsight, but the inspection report said nothing actionable.

Talked to a lawyer briefly about recourse and it basically came down to proving the sellers had knowledge and deliberately concealed it, which is harder than it sounds when everyone just says they didn't know.

Curious how common this actually is. Whether people pushed back against their inspector, went after the sellers, or just ate the cost and moved on. The home inspection industry in Canada feels wildly inconsistent depending on who you hire and what province you're in. Some inspectors are thorough and some are just walking through to collect a fee. Had friends in Alberta who had completely different experiences than people they knew in Ontario buying around the same time.

What happened when your inspection missed something that ended up costing you real money.

Hello REC !

(These numbers are from yesterday morning)

My name is Nick and I'm an active real estate agent in Ottawa with over a decade of experience. If you're looking for market insights or to have your questions answered, then you've come the right place!

I've work in good old-fashioned resale but I have experience in pre-construction sales, international relocations, leasing, syndications, flipping, commercial property management and everything in between. I'm also a past member of the Professional Standards & Ethics Committee (amongst others) for the Ottawa Real Estate Board.

Here, I'll share real estate statistics from the past week, local RE news, my thoughts on real estate in Ottawa, the industry in general and most importantly answer your questions/discuss your thoughts on the market or real estate in general.

If you have any questions you'd like to keep confidential, feel free to contact me directly. My DMs are always open! If you don't want to miss out on any of our posts or conversations so you can learn a thing or two, give our account a follow.

Your resources

1. Archived u/ottawaagent weekly data + other key insights GRAPHED here. CLICK HERE TO EASILY SEE TRENDS OVER THE YEARS.
2. Want to see how many new homes are being built? Look here.
3. Newest Ottawa Real Estate Board market report here.
4. Curious what all the cranes in the city are building? Check out the high-rise developments under way here.
5. You can see what the city is actively building in terms of construction & infrastructure projects here.
6. More local real estate news here courtesy of OBJ.
7. Looking for certain insights around things like crime? Check that out here courtesy of the Ottawa Neighbourhood Study.

_________________

You'll find stats for both freehold, condominium and rental properties over the past several days in Ottawa below. If you'd like to see all of the information I track along with the data plotted on graphs and industry terminology explained, please see number 1 under "Your Resources" above.

All of these numbers reflect stats within Ottawa proper and do not cover areas such as Perth, Arnprior, Smith Falls, Brockville etc.

Please remember, this is not reflective of all the active/sold properties in Ottawa. This is for new active/sold listings over the last several days. Stats for the last several days are not indicative of any specific market trend. To see where the market is trending, PLEASE SEE RESOURCE 1.

Freehold

• Number of active listings: 352
• Number of conditional sales: 194
• Number of sold properties: 169
• Median list price: $699,00
• Median sold price: $690,000 (98.71% of list price)
• Median DOM: 23

Condos

• Number of active listings: 138
• Number of conditional sales: 62
• Number of sold properties: 53
• Median list price: $422,450
• Sold price: $412,500 (97.64% of list price)
• Median DOM: 41

Freehold Rentals

• Number of active listings: 134
• Number of rented properties: 99
• Median listed price: $2,700/month
• Median rented price: $2,700/month (100.00% of list price)
• Median DOM: 16

Condo Rentals

• Number of active listings: 84
• Number of rented properties: 47
• Median list price: $2,250/month
• Median rented price: $2,250/month (100.00% of list price)
• Median DOM: 21

If you'd like to talk a little more about real estate in Ottawa or are looking for some insights, feel free to stop by r/OttawaRealEstateInfo .

Now that houses cost 7x household income (HHI), even a 4% commission represents 28% (7 x 4%) of HHI. A generation ago, when houses cost 2x HHI, a 6% commission represented 12% (2 x 6%) of HHI.

Time to move those commissions closer to the historical average relative to HHI.

I purchased a house a few days ago, yet feeling miserable because I feel I blew a good deal. And somehow I blame myself and my realtor for this, and his absence of negotiation skills.

As always, every purchase is made in a rush, the world is ending, you need to sign offer now or never because there are competitive offers and oh my gosh they are giving more then asking price with conditions of course.

My offer was unconditional, my price was reasonable to deduct repairs found during inspection and my offer was the only one that was below asking price (other ones all had conditions)

And realtor rushed me to not miss the house, yet completely ignoring the fact that my offer is unconditional, inspection is done and because of that I have leverage. Yet he just missed all of that because we might lose the house.

In the end of the day I overpaid a lot around 2.5% and paid above asking price. I feel sad, feel so stupid.

My offer was very strong and all the money would go toward fixing the issues, buying broken appliances etc.

Is that really what a home buying experience should look like?

🏡 Cession de bail – Appartement 1 chambre | Shaughnessy Village | Disponible le 4 août
🏡 Lease Transfer – 1-Bedroom Apartment | Shaughnessy Village | Available August 4th

Vous cherchez un appartement confortable, tout équipé et situé dans l’un des meilleurs quartiers de Montréal ? Cette opportunité est peut-être pour vous !
Looking for a comfortable, fully equipped apartment in one of the best locations in Montreal? This might be the perfect opportunity for you!

✨ Caractéristiques de l'appartement :
✨ Apartement Features:

💰 Loyer : 1 631 $/mois – tout inclus (eau, eau chaude, électricité et chauffage)
💰 Rent: $1,631/month – all-inclusive (water, hot water, electricity, and heating)

🛏️ Appartement de 1 chambre
🛏️ 1-bedroom apartment

🛋️ Salon ouvert sur la cuisine
🛋️ Open-concept living room and kitchen

🛁 1 salle de bain
🛁 1 bathroom

🌿 Balcon privé
🌿 Private balcony

🍽️ Cuisine complète avec réfrigérateur, cuisinière et lave-vaisselle
🍽️ Fully equipped kitchen with fridge, stove, and dishwasher

🐾 Animaux acceptés (Pet friendly)
🐾 Pet-friendly

🏢 Immeuble très bien géré, avec 2 ascenseurs neufs
🏢 Well-managed building with 2 brand-new elevators

💪 Salle de sport dans l'immeuble
💪 Gym in the building

🧺 Buanderie dans l'immeuble
🧺 Laundry room in the building

🏢 Bureau du gestionnaire au rez-de-chaussée
🏢 Management office on the ground floor

📍 Emplacement exceptionnel :
📍 Exceptional Location:

🚇 À seulement 5 minutes à pied de la station de métro Atwater
🚇 Just a 5-minute walk to Atwater metro station

🛍️ À 5 minutes d'Alexis Nihon et du Cineplex Forum
🛍️ 5 minutes away from Alexis Nihon and the Cineplex Forum

🎓 À 5 minutes du Collège LaSalle
🎓 5 minutes away from LaSalle College

🛒 Proche des supermarchés Adonis, Supermarché PA et IGA
🛒 Close to Adonis, Supermarché PA, and IGA grocery stores

🚌 Plusieurs lignes de bus à proximité
🚌 Several bus lines nearby

🌳 Parc Westmount à seulement 15 minutes de marche
🌳 Westmount Park just a 15-minute walk away

📚 Près du CCA et de la Bibliothèque Sanaaq
📚 Close to the CCA and the Sanaaq Library

☕ Juste derrière la rue Sainte-Catherine, entouré de restaurants, cafés, pharmacies et commerces en tout genre.
☕ Right behind Sainte-Catherine Street, surrounded by restaurants, cafes, pharmacies, and all kinds of shops.

✨ Un emplacement vraiment privilégié, où l'on peut pratiquement tout faire à pied !
✨ A truly privileged location where you can do practically everything on foot!

Nous habitons ici depuis plus de 3 ans et demi et nous déménageons uniquement parce que nous avons besoin d'un appartement plus grand. Le bail actuel se termine en novembre, avec possibilité de renouvellement auprès de l'administration.

We have lived here for over 3 and a half years and are only moving because we need a larger apartment. The current lease runs until November, with the possibility of renewal directly with management.

✅ Idéal pour un couple ou des étudiants.
✅ Ideal for a couple or students.

✅ Disponible à partir du 4 août.
✅ Available starting August 4th.

📩 Contactez-nous par message privé pour plus d'informations ou pour planifier une visite !
📩 Contact via private message for more information or to schedule a visit!

📲 438 365-3443 (WhatsApp)

Home appraisers in this reddit, what kind of additions to the home will boost home value?

I had an accepted offer and removed my conditions. The seller had a condition to find a new place. We extended once and I was willing to extend again, but the contract died when she didnt remove her condition. Sellers realtor said they were going to unlist. The place is still on MLS one week later. Im feeling she burned me to take a higher offer. Do I have any recourse? I spent over 1k in inspections because I believed seller was contracted with me in good faith.

Hi everyone,
I’m a first-time home buyer in BC and I’m having a hard time deciding between two options. I’d really appreciate some advice from people who have been through this.
Option 1:
4-bedroom townhouse (Fleetwood)
Price: around $1.0–1.1 million
Brand new, lower maintenance, but no rental income
Option 2:
5-bedroom detached house in Delta, BC
Price: around $1.3 million
Includes a 1-bedroom legal suite that could be rented out to help with the mortgage
My biggest concern is whether it’s worth stretching my budget by about $200,000–300,000 to buy the detached house because of the rental income and land value, or if it’s smarter to stay within my budget and buy the townhouse.
If you were in my position, which option would you choose and why? I’d love to hear from anyone who has faced a similar decision or has experience owning either a townhouse or a detached home with a legal suite.
Thanks in advance for your advice!

A lot of commercial mixed use property listings include old environmental phase I report, are those acceptable for lenders for due diligence or is it mandatory to provide one that is under a year old.

My partner and I are in the market to purchase our first home. We visited a place we liked and would like to make an offer. The home is owner-occupied, so the sellers will need to find a new place once they sell their current property. Our agent recommended a 90-day closing timeline to make our offer more attractive (since we are offering under the listing price), so this means we won't possess the house until mid-to-late October.

But now, we are in a dilemma because my partner will likely be out of a job before the target possession date. Their workplace has significantly slowed down in the past few weeks. It's also become quite a toxic and unsafe work environment, so we think that even if layoffs weren't coming soon, my partner will likely want to quit before October because the situation is getting untenable.

Normally, I think the best course of action is to not change our job situation until we get the keys, but there are several factors that make us think maybe it's not a terrible idea:

• We are planning to put down a substantial down payment (>50%). Our maximum offer for this property would be $600k, with a $400k down payment saved up.
• I still have my job (I make $200k~ a year gross; my partner makes around $60k). My salary should still comfortably cover our mortgage payments and strata fees.

Should we propose a shorter closing period (which could risk our offer being rejected)? To avoid any potential headaches down the line, is it a good idea to disclose to the mortgage broker/bank about our situation once we have an accepted offer? How badly do you think this would affect our borrowing terms?

Any advice is much appreciated. We are both first-time homebuyers, so all of this is quite new to us.

Location: BC (lower mainland)

Please advice. If yu get married when yu own a house and live inside. But the partner does not have a house. How to do for him to keep his fist time home buyer rebate to buy another house for us.

In a situational way, not the actual monetary amount. I always see the advice, rightfully so, saying not to buy at the top of your budget - but what does this mean exactly? I imagine its different for different people, so I want to know what other people consider "top of budget" to be.

For me, top of budget would be a mortage + all housing costs that only leaves money leftover for saving at the end - i.e., all other bills are taken care of, groceries, fun, etc, and the amount of money leftover each month is the minimum I would want to save, and with no buffer. So, for example, if after all my other expenses I have $6k left per month and I want to save $2k per month, my "top of budget " housing costs would be $4k per month. Based on the advice then, I'd want to spend less than $4k per month on housing costs so I'm not at the top of my budget.

I wonder if this is too conservative? Does "top of budget" to you mean something different?

Been messing around with the zoning + parcel data for a personal project and ended up mapping unit capacity for every single lot in the city under Bill 44.

For those of you living in Vancouver this might be helpful to see what your lot can do.

https://zonescout.ca/bill-44-map

Would love to see if this community finds this useful - happy to work on other municipalities that you guys are in