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 »

Toronto Considering Raising Land Transfer Tax
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Toronto Considering Raising Land Transfer Tax

In an effort to find new revenue streams, the City of Toronto is looking at raising the rate of its Municipal Land Transfer Tax (MLTT) on home sales. The proposed hike would add an additional $750 in closing costs to the average home, and would add an estimated $100 million… Continue reading »

No Change in Overnight Lending Rate: Bank of Canada Announcement
Buying A Home / Economic News / First Time Home Buyers / Home Ownership / Lifestyle / Mortgage News / Mortgage Rate Outlook Panel / Mortgages / Mortgages 101 / Personal Finance / Refinancing and Renewing / RSM News / Selling Your Home / Uncategorized / Your Budget

No Change in Overnight Lending Rate: Bank of Canada Announcement

No surprise this time around: The Bank of Canada is leaving the overnight lending rate at 0.5 per cent – where it has been since July of 2015. Read on to find out how this will impact fixed and variable rate mortgages. Continue reading »