Missing Out on the Market: New Report Finds Millennials Simply Aren’t Investing
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Missing Out on the Market: New Report Finds Millennials Simply Aren’t Investing

According to a recent OSC report, saving up for a home and paying down debt seem to take priority by far over investing for millennials.
While 80 per cent have savings accounts, only half are investing, and 42 per cent have less than $25,000 in the markets due to… Continue reading »

OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now
Buying A Home / Economic News / First Time Home Buyers / Mortgage News / Mortgages / Refinancing and Renewing / Your Budget

OSFI’s New Mortgage Rules: Why Homebuyers Should Apply Now

Effective Jan. 2018, all Canadians applying for a new mortgage will be subject to a stricter stress test to assess if they could still make mortgage payments in the event interest rates rise. The new guidelines will reduce how much you can afford… Continue reading »

The Cost of Buying Vs. Renting in Ontario: Infographic
Buying A Home / First Time Home Buyers / Home Ownership / Mortgages / Personal Finance / RSM News / Your Budget

The Cost of Buying Vs. Renting in Ontario: Infographic

Following the announcement of the Ontario Fair Housing Plan this past April, and two key interest rate hikes there after, property prices have definitely decreased, making many people wonder if they should buy or rent a house. See how the costs stack up against each other… Continue reading »

Walking Away from Your Offer on a Home? Know the Consequences
Buying A Home / Home Ownership / Mortgages / Personal Finance / Selling Your Home

Walking Away from Your Offer on a Home? Know the Consequences

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? Continue reading »

Housing Market Update: National Home Prices, Sales Fall Again
Buying A Home / Economic News / Home Ownership / Mortgage News / Mortgages / Personal Finance / RSM News / Selling Your Home

Housing Market Update: National Home Prices, Sales Fall Again

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? Continue reading »