No matter your circumstance, an offer on a house is a legal contract. And by walking away from it, you could lose your initial deposit, or even be sued. But what if the appraisal value from your lender came in lower than expected? Or if your house is taking a long time to sell?
Recent data now shows the average selling price of a Canadian home dropped by 0.3 per cent in the past year. It may not seem like much of a difference, especially to those who have been waiting for the market to cool and stabilize, but does this mean that the bubble has burst?
Banks and lenders are not always too fond of risk. So if you’re self-employed but want to refinance credit card debt with a personal loan or get a mortgage – here are some things you should know about qualifying for a loan.
A new study says your parents just may be more willing to give you some cash to move out instead of letting you live at home. 76% of Canadian parents…
Wondering where to save your home down payment for the best returns? Investing your savings can yield results, but come with plenty of risk. Read on to learn more about your options when savings for a home purchase.
The Office of the Superintendent of Financial Institutions (OSFI) is proposing stricter rules on uninsured mortgages that could have an even more profound effect on the housing market. Will house prices decrease? Will there be less competition?
There’s speculation the Bank of Canada may raise its key interest rate at its next scheduled announcement on July 12, due to comments Bank of Canada Governor Stephen Poloz recently made to the media about the conditions needed for higher rates…