I can't self promote, so shoot me a DM if interested to know more. 

In most states the seller is required to disclose any material defects they are aware of.

Due to the price different between Toronto and SSM, retail buyers are seeing the pricing and they are 'great' deals to them, even though they have climbed this past yearObservation 3:  With material prices up, you would expect new builds to slow down, however in my conversations with GC's and builders they are slammed trying to keep up with the build demand.I would agree with Tyler that there are definitly portions of the city that I would not invest in. 

So IO for my plans don't materialize, but yes in your examples it does make sense.

It's a myth promoted by ignorant "influencers" on social media.

if it's still in decent condition, no ripples or waves in it, and depending on what type of material it is ...

Gotcha, happy to connect and send over a few materials that can point you in the right direction. 

I'm not sure how you can get it done for $5k, I don't think that would even cover the cost of materials here. 

My advice would be to make sure your purchase and sale agreement has a marketing & assignability clause so you protect your rights to promote not only the contract but the property.

I try to focus on the policy or behavior, not the party or ideology promoting it.