New Year, New Mortgage Rules: Why You’ll Soon Have a Harder Time Qualifying for a Mortgage
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New Year, New Mortgage Rules: Why You’ll Soon Have a Harder Time Qualifying for a Mortgage

In 2018, new Ontario mortgage applicants likely won’t be able to afford the same home, as stricter mortgage rules come into place. And while those with a fixed rate mortgage are not impacted by interest rate increases implemented by the Bank of Canada, their affordability will be affected as well. For example… 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 »