The (Hidden) Costs of Moving in Canada
Buying A Home / Home Ownership / Lifestyle / Lifestyle News / Personal Finance / Personal Finance News / RSM News / Selling Your Home / Your Budget

The (Hidden) Costs of Moving in Canada

When it comes to uprooting your life, packing your belongings, and moving into a new home, some expenses need to be considered, even though they may not be so clear. According to our research, the average cost to move in Canada comes in at… Continue reading »

What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers
Buying A Home / Economic News / Home Ownership / Mortgage News / Mortgages / Personal Finance / Personal Finance News / RSM News / Savings / Selling Your Home / Your Budget

What the Bank of Canada Rate Increase to 1.5% Means for Canadian Home Owners and Home Buyers

As if the new mortgage stress test didn’t make things more difficult, from loans to mortgages, the Bank of Canada rate increase means it’s now harder for Canadians to borrow money. For example, if you have a variable rate mortgage set at prime… 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 »

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 »

How Much Are Real Estate Commission Rates in Canada?
Home Ownership / Mortgage News / Mortgages / Selling Your Home

How Much Are Real Estate Commission Rates in Canada?

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 »