Helga Teitsson | RE/MAX Hallmark

Real Estate Blog

Sold your home? CRA may penalize you if you fail to report it

The Canada Revenue Agency is getting tough with people who fail to comply with new rules requiring the routine sale of a home to be reported, even when there’s zero tax owing. If you don’t report the sale of a principal residence on your income tax...

The 2018 Spring Market Trends Report

The 2018 Spring Market Trends Report for Canada is out. Click here to download your free copy. High demand and limited inventory continue to make the Greater Toronto Area a seller's market. The new OSFI regulations, foreign buyer's tax, rising interest rates and immigration growth have...

Ready for Canada’s new mortgage rules?

There are new rules coming out in January that require those taking out a mortgage to qualify at a rate two percentage points higher than the contractual mortgage rate. Whether you're buying a home or refinancing speak to a mortgage advisor who can help guide you...

The 2018 Housing Market Outlook Report

The RE/MAX 2018 Housing Market Outlook Report is out. Click here to download your free copy. According to a survey conducted by Leger on behalf of RE/MAX, the appetite for home ownership remains strong with roughly half of Canadians (48 per cent) considering the purchase of...

Toronto Ombudsman

Complaint about the City?

Who do you call to complain about the administration of the City of Toronto? Did you know that the City has an Ombudsman? The office opened in April 2009 and processed 1057 complaints in the first year. The office is only to be used as a...

termites in Toronto

I saw a Termite

We were doing a home inspection in the Victoria Park & Danforth area, known termite territory.  Usually if a home has been treated for termites, the owner acknowledges this, the listing agent discloses the information in the listing details and it's no big deal.  But...

mortgage advisor

How To Win A Bidding War

Go high and go firm! That's the strategy.  What it means is to pay more than list price, which almost goes without saying when there are multiple offers, but you are also expected to have a firm offer, which means no conditions. No condition on financing,...

post a listing on the MLS

Mere Postings Toronto Real Estate

Everyone has read about the settlement between the Canadian Real Estate Association (CREA) and the Commissioner of Competition.  It basically allows a seller to "merely" post a listing on the MLS for a flat fee. The broker or salesperson who takes this listing has chosen or...

Registered Salesperson real estate

No Confidentiality for Offers

Beware.  As a buyer, if you submit an offer to a seller who is just posting their listing on the MLS, and it's not being handled by a Registered Salesperson, there is no obligation to keep the terms and conditions of your offer confidential. Real Estate Brokers...

RECO issues Public Advisory regarding Christopher Parik

From the RECO - Real Estate Council of Ontario Today, RECO issued the following public advisory: The Real Estate Council of Ontario (RECO) is warning members of the public not to engage in real estate transactions, including Rent to Own transactions (RTO) with Christopher Parik of York...