Hey @Jordan George, as a Torontonian working in the US (currently in Dallas) for the last couple of years I'll echo all the major points already made above.Lending standards and qualifications are tighter back home than in the US so you won't find near the number of financially distressed sellers in Canada (generally speaking) but anyone could be laid off/have a health scare/divorce at any time of course.

I am looking at options in the near future to take the house my parents currently own off their hands as they will be moving to a new state in the next couple of months.

Id much prefer a condo to a coop

I have a couple properties in easton

Couple ways to size an umbrella policy, 1 is to analyze your assets and do it based off that, but I have always preferred to do it based on what is an amount that guarantees my insurance company would want to defend me. 1 million to start is pretty popular.

They are free and they can whip up a loan estimate in a couple minutes for you.  

If you are interested in Midwest markets I have 9 doors across a couple Midwest cities.

@Milind Torney if it is new construction I would suggest seeing if the builder has incentives through their preferred lender.

I personally prefer to negotiate time to get all of my permitting completed, but at minimum I want to check the items I noted above.

I had a couple of people enquire about MTR (Oct-Apr) and I responded with a reduced rental amount, but then they never responded.