When it comes to selling your home, you have to spend money to make money. Land transfer taxes. Lawyer fees. Mortgage discharge costs. But your biggest cost? Likely your real estate agent’s commission. It’s been said that Canadian sellers typically pay between three and seven per cent of their home’s selling price to their real estate agent, … Continue reading »
Canadian real estate prices are still at record highs, but there has been a shift in the market that has some Canadians wondering what’s going to happen next. Let’s quickly recap on some recent happenings before we update you on the current market conditions: Continue reading »
As of late, Home Capital Group is dominating the headlines. To quickly summarize, on April 19, the Ontario Securities Commission (OSC) claimed that brokers had falsified information on mortgage applications submitted to… Continue reading »
It’s RateSupermarket.ca’s ninth birthday! Since our launch in 2008, we have helped over 7 million Canadians find the best mortgage rates, credit cards, bank accounts and GIC rates. And as a special thank you to our customers, the RS.ca team is giving the presents… to you. Continue reading »
Facing rapidly rising home prices in the GTA, last month the Liberals introduced a 16-point plan to cool the red-hot real estate market. Ontario’s Fair Housing Plan includes a number of measures to address the escalation of home prices in…
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Problems continue for alternative lender Home Capital Group Inc. as share prices have tumbled over the last 10 days. The chaos for the company started on April 19 when the Ontario Securities Commission (OSC) issued a notice claiming that back in 2015, two former CEOs as well as the CFO of Home Capital broke the … Continue reading »
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 »
Negotiating a great deal on your mortgage is kind of like asking your boss for a raise – you need to do a bit of homework before the meeting, go in prepared and confident, and if you’re making a fair request, you should leave… Continue reading »
A few fixes can save you in the long run. That’s why you shouldn’t underestimate the power of spring cleaning. This not only makes spring living easier but also saves you on large maintenance projects that are expensive and… Continue reading »