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In this episode of The Situation, John and Peter dive into buying strategy for first-time buyers and how real estate commissions really work. Our first question comes from a first-time buyer wondering whether it’s smarter to buy a condo as a stepping stone or stretch for a small house under $1M. John and Peter discuss the pros and cons of each approach and what works best in today’s market. Another listener asks how real estate commissions are calculated and whether a more transparent hourly-plus-expenses model could work. They break down where the money goes and why commission structures are set up the way they are. Finally, we explore how recent market shifts and economic uncertainty are affecting Toronto homeowners and their decisions. John and Peter share insights on how to think about risk, timing, and long-term strategy. Timestamps: 00:00 Intro 01:12 Condo vs House Strategy 06:56 Renovating Amid Uncertainty 17:55 Commission Model Debate 31:37 Immigration’s Market Impact Follow👉John x-twitter: https://x.com/JohnPasalis, Instagram @john.pasalis or email: askjohn@movesmartly.com Follow👉 the show on x-twitter: @MoveSmartly, Instagram @move.smartly About This Show: The Move Smartly show is hosted by John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada. You can also watch this episode on our MoveSmartly YouTube channel here👉 / movesmartly If you enjoy our show and find it useful, please like, subscribe, share, review and comment on whatever platform you are watching or listening to us from - we appreciate your support🙌!