Helga Teitsson | RE/MAX Hallmark

Real Estate Blog

True Crime Story: Buying a House Where a Murder Occurred

True Crime Story of Toronto home buyers who were considering buying a run down rooming house where a murder occurred. When buying a house in Toronto does it matter if someone died in the home? How could a stigma affect the home value? Should you buy a...

The Bully offer in Toronto real estate

There are many strategies used in the Toronto real estate market. Typically there is a set offer date, but sometimes a bully shows up with an offer before that date. A bully might prey on the seller's fear that they won't get multiple offers and try to...

How to win a bidding war in Toronto Real Estate

The Toronto real estate market is highly competitive! A common strategy is to list a home below market value to attract multiple buyers which then results in a bidding war for the home. Be prepared to win your next bidding war for your dream home by applying...

Romeo and Juliet Broke Up and Backed Out of Their House Offer

A cautionary tale. When you're buying a home in Toronto, can you back out of a firm offer? The Toronto real estate market can be a roller coaster ride of emotions, stress and sometimes difficult decisions. What happens when you sign a firm and unconditional offer and then...

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...

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,...