r/TorontoRealEstate

Things you wish you knew when you sold for the first time

Hi TRE community,

About to sell my first property and wondering what you wish you knew before selling for the first time. I'm more interested in what happens after the property is listed on MLS and what to expect starting that point. I am working with an agent but want to do my own due diligence and learn from your experiences, including things you wish your agent had prepared you for or never shared with you till the last minute. Thanks !

Edit: Thanks for all the amazing feedback. I should have been more clear, house is staged, decluttered, photographed etc. I want to learn more about what happens once the offer(s) start coming in (hopefully) and what are the dos and don'ts at that time. Some of the comments have already addressed those but keep em coming. TY

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u/ivopollazi — 10 hours ago
▲ 11 r/TorontoRealEstate+1 crossposts

Public Safety Awareness for Prospective Tenants in Toronto, ON: 2902 St. Clair Avenue East - 186 1040 Ontario Incorporation

I am sharing this based on my personal lived experience as a tenant in this building as a caution to prospective renters in Toronto. This is not meant to defame or speculate beyond what I have directly experienced, but rather to encourage others to take extra care and ask very specific questions before signing a lease anywhere.

What I personally experienced during my tenancy:

During my time in the unit, I experienced ongoing moisture and humidity-related issues, including visible condensation concerns and conditions consistent with poor ventilation. These conditions persisted over time and were not fully resolved through maintenance requests.

I also experienced recurring pest-related issues during my tenancy, which required repeated attention. In addition, there were ongoing maintenance and plumbing-related concerns that contributed to a sense that building systems were not being consistently maintained at a stable standard.

In my experience, issues were often addressed temporarily or inconsistently rather than resolved in a lasting way.

Why I am sharing this:

The purpose of this post is not to tell anyone where they should or should not live, but to highlight something important:

Do not rely solely on appearances when viewing a rental unit.

A freshly painted unit or staged showing may not reflect underlying conditions or recurring building-wide issues.

Advice to prospective tenants:

If you are considering renting anywhere, especially in older or high-density buildings, I strongly encourage you to:

  • Ask direct questions about past water damage, mould remediation, or recurring moisture issues
  • Ask about pest control history and frequency of treatments
  • Ask whether any repairs are temporary patches or full remediation
  • Check less visible areas (behind appliances, corners, ceilings, bathrooms)
  • Look for signs of repainting that may be covering previous damage
  • Request documentation where possible (maintenance logs, pest control records)
  • Double check the property on Rent Safe Toronto at all times!!
  • Confirm with friends, close people/acquaintances of the unit you would like to rent and get their second or third input.

Final note:

My experience taught me that it is easy to feel pressured when searching for housing, especially in a competitive rental market in Toronto. However, I strongly encourage people not to accept a place simply because it is available or convenient.

Take your time if you can. Ask questions. Trust what you observe during viewings.

Once you sign a lease, your ability to address issues becomes significantly more limited.

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u/shadowzdelight — 5 hours ago
▲ 71 r/TorontoRealEstate+8 crossposts

Australian "Four Corners" exposé on Strata (Condo) abuse – a must-watch for Ottawa investors/buyers

This investigation reveals systemic issues in Australia's strata industry: hidden fees, massive conflicts of interest with insurance brokers, corporate consolidation killing competition, and even regulators with undisclosed ties to the industry. They were charging owners $100+ to chase petty debts and steering insurance to sister companies at double the price.

As we push for more high-density living in Ottawa, condo buyers and investors need to be aware of these exact risks. Management fees, special assessments, and opaque procurement practices are already major headaches here. This doc is a great primer on why scrutinizing condo financials, management contracts, and insurance procurement is non-negotiable before purchasing.

Watch this, then ask your property manager the hard questions about disclosure and kickbacks.

https://www.youtube.com/watch?v=LdbCTFWAR5Y

Has anyone in Ottawa had similar suspicions about their condo corp or management fees?

u/Physical-Alfalfa9989 — 15 hours ago

Found a “freehold” townhome at a good price, found out it’s a POTL should I continue with the purchase?

Hello everyone,

We found a decent sized townhome at a good price in halton and are about to put in an offer but then realized it’s on a parcel of tied land,

The maintenance fees are 95 dollars a month,

It’s a small little offshoot road with about 36 units total (18 on each side)
Garbage collection is city,

I believe the fees are just for snow removal, maybe a little bit of weed whacking but very minimal.

I do see sewer manhole covers on the road, and there are street lights.

There is about $75,000 in the reserve fund (which strikes me as not a lot, but what do I know) and no planned raises or work to be done

Property is 15 years old.

Should I be weary? I’m looking to be there long term (20+ years) and don’t want any headaches down the line.

Thanks for your thoughts!

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u/Inevitable-Crabs — 14 hours ago

why are condo strata fees so high?

im looking at 1 bedroom units around 500sqft and the condo fees are just mindblowing. in most cases it around 450-600 a month with mediocre amenities. what is driving this high strata fee? are strata councils just incompetent? Strata insurance shouldn't be that expensive there is no earthquake risk in ontario. why would someone buy a condo and have no control over the ability to contain and not raise strata fees every year?

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u/Glum-Restaurant2230 — 23 hours ago

"The largest generation in history needs to sell the most expensive houses in history to the most indebted generation in history. What could go wrong." - Daniel Foch (@danielfoch) on X

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u/pscoutou — 1 day ago
▲ 85 r/TorontoRealEstate+1 crossposts

Toronto basically stopped building new condos

...and almost nobody's talking about how bad it's actually gotten.

Urbanation dropped their year end numbers for 2025 back in January and they're genuinely kind of stunning once you sit with them. Only 1,599 new condo units sold across the entire GTHA for the whole year, that's down 60% from 2024 and down roughly 95% from the 2021 peak. Q4 alone was just 262 units sold, the weakest quarterly result since Q3 1990, so we're talking a 35 year low. Only 10 new condo projects launched in the entire region across all of 2025, and of the units that did launch, only 22% actually sold, compare that to 2021 when 81% of newly launched units sold almost instantly.

On top of the sales collapse there was a record wave of cancellations too, 28 active projects representing over 7,200 units got scrapped in 2025, more than double 2024 and above the previous record set back in 2018. Some of those did get converted to purpose built rental instead, about 2,200 units worth, which is honestly probably the best outcome available in this environment, but most just got pulled from the pipeline entirely. And roughly 10% of presold units that were supposed to register in 2025, close to 3,000 units, ended up getting taken back by the developer because the original buyer couldn't or wouldn't close, which tells you a lot about how underwater some of those 2021-2022 contract prices turned out to be.

Here's the part that actually matters long term though. Completions this past year were still near record levels, 29,291 units, but that's basically just the tail end of stuff that got approved and broke ground years ago before any of this hit, condos take something like 4-6 years start to finish so today's completions reflect decisions made way back. Urbanation's own forecast has completions falling to 22,066 in 2026, then 14,366 in 2027, and their president went on record saying by the end of the decade there basically won't be any new condo completions in the GTHA at all. That's not really speculation at this point, it's just what's left in a pipeline that's barely being fed.

Purpose built rental starts did jump to a multi decade high, 8,545 units, up 24%, as some developers pivot away from condos, and that part's genuinely good news, but basically everyone tracking this says it's nowhere near enough volume to replace what condos used to contribute to overall housing supply in the region.

So yeah, prices being down mid single digits yoy is the headline everyone keeps repeating, but the actual structural story underneath it is that the region built its way into a real supply cliff for somewhere around 2027-2030, while population keeps growing regardless of what the presale market is doing right now. Feels like that should be a bigger part of the conversation given how much "housing supply crisis" gets thrown around in this city already.

u/lianlikealways — 1 day ago

Anyone move back to Toronto after settling in the suburbs with kids?

My wife and I (Mid 30s) have a baby thats 1. We moved from Downtown to Port Credit in 2020, both went fully remote, got married, and bought a townhouse before prices really took off. We also got outbid on a few east-end Toronto homes under $1M back then, so Port Credit ended up being the best spot for us.

Fast forward a few years, salaries have gone up, we've built some equity, and we're starting to think about a forever home.

Our budget today would probably be around $1.4-1.8M. That said, we're actually more interested in buying a well-located fixer around $1.2M (if those still exist) and putting another $500k or so into renovating it exactly how we want instead of stretching for someone else's finished house.

The question is whether we should move back into Toronto, probably the west end (Bloor West Village, Roncey, Sunnylea, Swansea) since family is in Mississauga, although we'd consider the right east-end home, or whether we should just lean into where life has taken us and upgrade in Port Credit, Kerr Village, Old Oakville, Bronte, or somewhere similar.

A few things we're wrestling with:

  • We both technically work downtown but only need to be in about once a month.
  • We loved our downtown years (from 2016-2020), but it also feels like we missed the sweet spot of being DINKs in a walkable Toronto neighbourhood before having kids.
  • These days we spend way more weekends at waterfront parks, trails, playgrounds, coffee shops, and patios between Etobicoke and Burlington than we do downtown.
  • Having family in Mississauga has been a huge help since having our son.

One thing I keep coming back to is that a Toronto semi would probably be a bit of a step down for us in terms of house. We'd really like a dedicated office, a bright basement that can become a rec room/gym/play space, and a decent yard.

At the same time, some of the west-end neighbourhoods we're drawn to, like Sunnylea, seem to offer exactly the kind of detached bungalow we'd want near the subway. But whenever we visit, they also feel a little sleepier than Port Credit. Port Credit obviously isn't Toronto, but there's always something happening along the waterfront, people walking around, restaurants, festivals, and it feels more lively than I expected when we first moved here.

I'm especially interested in hearing from people who have actually bounced back and forth between Toronto and the suburbs over different stages of life. Mostly looking for perspectives from people who've lived both lifestyles. I'm curious how your priorities changed over time.

Did you regret leaving Toronto? Did you end up moving back? Or did you realize places like Port Credit, South Etobicoke, or Oakville actually suited family life better than you expected?

If you had a similar budget today, would you still pay the premium for a Toronto neighbourhood, or would you rather put that money into a better house and stay closer to family?

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u/traxets — 2 days ago

Condo fees are even worse now?

Is it just me or are condo fees even worse now than before? I haven’t been looking at real estate for 4-5 years now and been stacking cash and investing in the stock markets. But with the lower prices in condo’s now, I was like let’s see what’s out there and was looking at multiple condos across the GTA the last 2 weeks.

Point is I’m noticing condo fees even on smaller units now getting over $600 a month for a 600 sq ft condo. I’m rarely seeing any condo fees less than $600 now other than a few condo towns or very newly built, which I assume they are pricing it low to attract buyers for now.

Every time I find an interesting condo with a reasonable listing price, immediately I go to the maintenance fee and just close it immediately after seeing this. Wondering if others feel the same way?

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u/hockeyfan1990 — 2 days ago

Why is principal paydown never considered in this subreddit when it's a comparison between investing in real estate versus investing in the market? Focus solely seems to be on appreciation/gains.

What am I missing here? Many of my friends in the US who own rental property in small towns aren't even considering the idea of appreciation and are just focusing on principal paydown on fairly cash flow neutral properties.

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u/Ok-Personality8147 — 1 day ago
▲ 183 r/TorontoRealEstate+1 crossposts

Brand new condo studio unit sold for 260k! What happened?

This is downtown Toronto, prime real estate in the 6ix. FTHB or investor with 20% DP would only be paying around $1500 a month all in carrying costs.

Anyone have any insight of this building or listing? Its barely 2 years old, unit still looks nice and online reviews of the building don't seem too bad.

https://housesigma.com/on/toronto-real-estate/3012-319-jarvis-st/home/wJKR7P8WMxD7XeLP?id_listing=XRla7gBKmPgyjEvL

u/CommunicationOdd8911 — 2 days ago

Commute from Bradford West Gwillimbury to Toronto?

Looking to purchase a home soon. Prices in Bradford seem more digestible compared to other houses in and around the GTA. In regards to the commute from Bradford to Vaughan driving, how is it? I don’t love driving on side roads with no lights but it doesn’t seem like I would be driving without light posts for longer than 15 minutes?

Also how is the commute / traffic in general throughout the year?

Anything else I should know about living in Bradford?

Thanks,

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u/Bellaxnss — 1 day ago
▲ 4 r/TorontoRealEstate+2 crossposts

Paying for marketing upfront to negotiate lower selling fee with Agent.

Hey I am in BC lower mainland, looking to sell next year. Trying to achieve the best value in regards to selling fees when selling my place - wonder if anyone has this success with this scenario.

If paying for the marketing/staging upfront ( photos, video, staging, virtual walk through, floor plan etc) how much can I realistically negotiate off the selling agent fee? Basically looking to create a turn key listing for my selling agent, as everything would be payed upfront on the marketing side there’s very little risk on their end if we end up getting nothing but low ball offers. Keep it the market rate obviously for the buyers agent.

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u/anthonyatmdrn — 2 days ago
▲ 399 r/TorontoRealEstate+1 crossposts

Sneaky Dee’s is saved! The developer has officially pulled their application to build condos at 419-431 College St.

u/jellyspreader — 3 days ago