Have you ever found the perfect home in downtown Toronto—stunning character, amazing location, maybe a bit of work needed—and after months of no movement, the moment you submit an offer, suddenly two other offers appear out of nowhere? If that sounds familiar, you’re not alone. Bidding wars in the Toronto real estate market are asContinue reading “Toronto Real Estate Bidding Wars: What’s Really Going On?”
Category Archives: Blog
What happens when a buyer backs out of a real estate deal in Ontario?
What happens when a buyer backs out of a real estate deal in Ontario? In a province where real estate transactions are legally binding, walking away from a signed deal can come with serious consequences. Real estate purchases involve not just large sums of money, but also time, emotion, and planning — so it’s noContinue reading “What happens when a buyer backs out of a real estate deal in Ontario?”
Experiencing water intrusion in your basement
Experiencing water in your basement for the first time can be alarming—especially when you’re living in a 100+ year-old home near Toronto’s historic Annex neighbourhood. After four years without issue, an intense rainstorm suddenly results in 10 to 15 litres of water pooling on your engineered hardwood flooring. You clean it up quickly, but you’reContinue reading “Experiencing water intrusion in your basement”
“The Smoke That Wouldn’t Go Away: A Toronto Condo Owner’s Battle—and What You Can Learn From It”
When Priya bought her condo in a mid-rise building in North York, she was excited to finally have a place to call her own. The building was marketed as “smoke-free,” and with a young child at home, that was a top priority. Everything was perfect—until the smoke began to creep in. At first, it wasContinue reading ““The Smoke That Wouldn’t Go Away: A Toronto Condo Owner’s Battle—and What You Can Learn From It””
Contractor wanting to charge more after work on a bid is done. Is that normal.
Question: Contractor wanting to charge more after work on a bid is done. Is that normal. I got a bid from a local contractor to install an egress window in our basement block. He was charging $1500 for labor and $500 for materials and the haul off. After the installation was done he sent meContinue reading “Contractor wanting to charge more after work on a bid is done. Is that normal.”
What Happens When a House is Damaged After an Offer is Accepted?
Introduction Buying a home in Toronto can be a complex process, and unexpected situations can arise even after an offer has been accepted. One such scenario is when significant property damage occurs before closing. In this article, we’ll explore what buyers should do if a storm or unforeseen event damages a home after an offerContinue reading “What Happens When a House is Damaged After an Offer is Accepted?”
Is Buying a Condo in Midtown Toronto or Sheppard-Yonge/Finch a Smart Move in 2025?
The Toronto condo market in 2025 remains a hot topic for prospective buyers, with ongoing discussions about affordability, interest rates, and long-term investment potential. If you’re considering purchasing a 1+1 bed condo in either Midtown Toronto or Sheppard-Yonge/Finch in the $650K range, you may be wondering if this is the right time to buy orContinue reading “Is Buying a Condo in Midtown Toronto or Sheppard-Yonge/Finch a Smart Move in 2025?”
What Do You Actually Get Back When Selling Your Home in Toronto?
Selling a home is a significant financial transaction, and it’s important to understand how much money you will actually receive after all costs are deducted. Many sellers assume they will pocket the full selling price, but various fees and outstanding balances must be settled first. Here’s a detailed breakdown of how to calculate your finalContinue reading “What Do You Actually Get Back When Selling Your Home in Toronto?”
Navigating Multiple Offers on a Property Sale: A Toronto Real Estate Case Study
Selling a property can be an exciting but complex process, especially when multiple offers come into play. Understanding your legal obligations and making informed decisions can help you avoid costly mistakes. Here’s a real-world case study from a Toronto seller who received a better offer while already under contract with a buyer. The Situation AContinue reading “Navigating Multiple Offers on a Property Sale: A Toronto Real Estate Case Study”
How Much of Your Income Should You Spend on a Home in Toronto?
Introduction Buying a home is one of the biggest financial decisions you’ll ever make, and in Toronto’s high-priced real estate market, understanding how much of your income should go towards a home is crucial. With high interest rates and increasing property values, many potential homebuyers are asking: What multiple of my income should I spendContinue reading “How Much of Your Income Should You Spend on a Home in Toronto?”
Richard Wang 