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?
High home prices got you down? Many people, particularly millennials, feel like the dream of homeownership is out of reach, especially in Toronto and Vancouver – Canada’s most expensive real estate markets. However, buying a home and being mortgage-free…
It’s been another banner year for real estate in the Greater Toronto Area. The average price for all property types sold in the GTA came in at $729,922 in 2016 – that’s an increase of 17.3 per cent from 2015.
It’s been a month since the first of the new federal mortgage rules came into effect. Now, RBC has become the second of the five big banks to raise mortgage rates – effective Thursday. How else have these new rules impacted our purchasing power?
We love to bank online – whether through our smartphones or laptops – but we aren’t using these services to our full potential. Read on for thoughts from Amber Mac, tech expert, who says the online banking revolution is only just beginning.
It’s another step towards a cashless society: The UGO Mobile Wallet. We have a look at its features and how its users can reap the benefits.
Want to take out a loan or mortgage, but don’t know where to start? Planning to Borrow by Steve Bang demystifies the world of consumer borrowing. Read on for our review, and prepare yourself before you walk into the bank.
Two of Canada’s largest lenders, RBC and Scotiabank, had their credit ratings downgraded last week by Fitch and Moody’s respectively. What’s behind this downgrade – and should banking consumers worry?
TD is the latest bank to unveil a round of higher banking fees – hardly the news consumers, who are already squeezed by the lower loonie, want to hear. Fed up with rising fees? Sean Cooper shares his tips for fighting back.
Two Canadian economic forecasts were revised this week to reflect the damage cause by sliding oil prices. Meanwhile, household consumer debt levels continue to be cause for concern.