I expect the appraisal to be received tomorrow and was just talking with the loan officer today about potentially scheduling closing in the next 10 days.Love to hear your thoughts on such an infuriating 'bait and switch' move.

I got a hold of local insurance office in the city the property is located in, but even they wouldn't provide the policy.

It is competitive and supply is low but you can still find a deal. 

General rule, speak to as many lenders and loan officers as you can, just because one institution tells you one thing does not necessarily mean that is the case for others.

Median Price: $525,000 +7.14% Yoy - 7ish % isn't unusual, I have multiple ~7% moves since 2016.Sales: 5,344, -10.06% - normal number for September, 2020 was unusually high due to delayed purchases from Covid thus the yoy lossYTD sales: 41,238, +8.36% - highest Sept read I have, houses are selling.Inventory: 5,875, +6.16% - still too low compared to pre-Covid, see stacked chart.New Listings: 6,366, -10.61% - still too low compared to pre-Covid, see stacked chart.YTD New listings: 51,949, -2.47% - prior to Covid we were running 60k+ houses.Months Supply: 1.2, -14.29% - persistently low indicating an unrelenting sellers market, see the Existing homes as a % of households chart, continues to shrink.Cumulative days on Market: 26, -44% - persistently low indicating an unrelenting sellers market

For example, if casualty damages or destroys an office building and its landscaping, the properties are taken into account separately to determine the casualty loss or conversion gain attributable to each.3.

I know that the tax accessors office value is not what the property can sell for, but it seems like double the tax property value is a lot.

Commercial Office space rented to a Life Insurance company

I understand where you are coming from, but markets like Toronto truly have a supply problem, And our city and provincial governments don't seem to care enough to fix the problem.  

Has anyone bought a model home lease it to the builder for office use until the neighborhood is completed & then sell it?