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 »

Ontario’s Fair Housing Plan Announced to Cool GTA Housing Market
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Mortgage News / RSM News

Ontario’s Fair Housing Plan Announced to Cool GTA Housing Market

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 »

Is Holding onto Your Old Property When You Buy New a Good Idea?
Buying A Home / Growing Your Money / Home Ownership / Lifestyle / Lifestyle News / Mortgages / Mortgages 101 / Personal Finance / Personal Finance News / RSM News / Savings / Selling Your Home / Taxes / Your Budget

Is Holding onto Your Old Property When You Buy New a Good Idea?

Is it worth holding onto your current residence as an investment property when you buy new? We’re taking a look at the benefits and drawbacks and questions you need to ask yourself before making the decision. Continue reading »

A Look-Ahead to Canadian Housing Trends for 2017
Buying A Home / Economic News / Home Ownership / Lifestyle / Lifestyle News / Mortgage News / Mortgages / RSM News / Uncategorized / Your Budget

A Look-Ahead to Canadian Housing Trends for 2017

It’s less than three months until we begin a brand new year. So what will Canada’s housing markets look like in 2017? We go over the biggest factors at play as well as what we can expect in the home design department. Continue reading »

Bank of Canada Calls Soaring House Prices in Toronto and Vancouver “Unsustainable”
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Lifestyle News / Mortgage News / Mortgages / Mortgages 101 / Personal Finance / RSM News

Bank of Canada Calls Soaring House Prices in Toronto and Vancouver “Unsustainable”

There’s no slowdown in sight for home prices in Vancouver and Toronto, and that has the Bank of Canada worried. Here’s what Governor Stephen Poloz is saying about its impact on our local and greater economies. Continue reading »