Foreign Buyer Tax, Rent Control Announced to Cool Hell Fire of a GTA Housing Market
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Mortgage News / RSM News

Foreign Buyer Tax, Rent Control Announced to Cool Hell Fire of a GTA Housing Market

It’s no secret that Toronto’s real estate market is rising at an alarming rate. Just in the month of March, it was announced that the average home price increased by 33.4 per cent, year-over-year. The average price for a detached home in Toronto currently sits at $1.21 million. In response, Toronto Mayor John Tory, Federal … Continue reading »

Millennials Still Want to Buy a House, Despite Crazy High Prices
Buying A Home / Economic News / Home Ownership / Lifestyle / Lifestyle News / Mortgages / Personal Finance / RSM News / Your Budget

Millennials Still Want to Buy a House, Despite Crazy High Prices

More than a third of all millennials in Canada own their own home, and 82 per cent of those who don’t own one plan to buy one soon, according to HSBC. The bank conducted their first “Beyond the Bricks” survey, that looked at home ownership in nine countries for… Continue reading »

Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums
Economic News / Lifestyle News / Mortgage News / Mortgages / Mortgages 101 / RSM News

Cost of Mortgage is Going Up: CMHC Hikes Mortgage Insurance Premiums

If you’re applying for a mortgage with a small down payment, be prepared to pay a little more every month for default insurance. The Canadian Mortgage and Housing Corporation recently announced it will increase the premiums for ‘mortgage default insurance’ (also called mortgage loan insurance) effective March 17, 2017… Continue reading »