Real Estate Trap: Protect Your Home (and Your Wallet)

#canadarealestate #canadianhousingmarket #realtors Some realtors are pressuring buyers to waive the “condition of sale” — and it’s costing homeowners thousands. In this video, I break down how this trap works, who’s at risk, and how to protect your home (and your wallet) before signing any real estate deal. Links: Real estate investor ordered to pay close to $1M for backing out of B.C. property deal: https://www.cbc.ca/news/canada/british-columbia/real-estate-investor-ordered-to-pay-close-to-1m-for-backing-out-of-b-c-property-deal-1.6693167 Buyer on the hook for $366k in damages after failing to close: https://realestatemagazine.ca/buyer-on-the-hook-for-366k-in-damages-after-failing-to-close/ Buyer held liable for backing out of Burlington property sale, court rules: https://realestatemagazine.ca/buyer-held-liable-for-backing-out-of-burlington-property-sale-court-rules/ Conditional Agreements of Purchase and Sale: A Review of the “Sale of Buyer’s Property” Condition: https://www.sorbaralaw.com/resources/knowledge-centre/publication/conditional-agreements-of-purchase-and-sale-a-review-of-the-sale-of-buyer-s-property-condition Market Watch: https://trreb.ca/market-data/market-watch/ May 2025 LSTAR Statistics: https://www.lstar.ca/our-latest-statistics Buyer’s Remorse – Backing Out of a Deal the Next Day: https://wontclose.com/2023/02/22/buyers-remorse-backing-out-of-a-deal-the-next-day/ Unable to sell condo, need funds from sale to close on house that I purchased: https://www.reddit.com/r/TorontoRealEstate/comments/j3d1mp/unable_to_sell_condo_need_funds_from_sale_to/ Bank of Canada says recent rate hold was due to ‘unpredictable’ economy: https://globalnews.ca/news/11245947/bank-of-canada-meeting-summary/ Real Estate Agent seems upset we didn't want to reduce price right away: https://www.reddit.com/r/RealEstate/comments/16pg3ub/real_estate_agent_seems_upset_we_didnt_want_to/ ‘Buyers are not responding’ as Toronto real estate listings glut passes 30,000 units: https://financialpost.com/real-estate/inventory-builds-gta-housing-market-active-listings Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.