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 »

Where You Should Save Your Home Down Payment
Buying A Home / First Time Home Buyers / Growing Your Money / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / RSM News / Savings / Savings 101

Where You Should Save Your Home Down Payment

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. Continue reading »

What OSFI’s Tightened Rules on Uninsured Mortgages Means for Homebuyers
Buying A Home / First Time Home Buyers / Home Ownership / Mortgage News / Mortgages / Refinancing and Renewing / RSM News

What OSFI’s Tightened Rules on Uninsured Mortgages Means for Homebuyers

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? Continue reading »

Reasons Why a Rate Hike is on the Horizon
Buying A Home / Debt Repayment / Economic News / Home Ownership / Mortgage News / Mortgages / Mortgages 101 / Refinancing and Renewing / RSM News / Selling Your Home

Reasons Why a Rate Hike is on the Horizon

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… Continue reading »