We did have an home inspection as part of the offer, that's how we knew there would be some electrical work done. But our electrician was upfront and said he wouldn't know the extent of the badness until he had the ceiling down. Luckily, it seems that the shite wiring is contained to the basement so it shouldn't be too bad.
The trouble with things like a repair allowance in Toronto is that the market is so hot right now that you're taking a huge risk writing something as standard as a home inspection into the offer. Most agents (including ours) suggest going in with a firm offer for well over asking price. Even doing that doesn't gaurantee you'll get the place without a bidding war. We got ours with the home inspection in the offer and without going over asking so we were very lucky. Most house in Toronto are going for between $20-100 000 over asking. (we lost one place that was listed for 240 and sold for 370)
If you tried to get a clause in the contract for repairs the seller would tell you to eff off. It sucks.
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