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Rate cuts in the second-half of next year look reasonable; buy gold in the meantime: Eric Green - BNN Bloomberg Nov 6th
Rate cuts in the second-half of next year look reasonable; buy gold in the meantime: Eric Green BNN BloombergBullish case for Ford, SoFi, Prologis amid economic uncertainty: strategist BNN BloombergCanada is clearly in a recession, this doesn't mean bad news for TSX: strategist.... More »
Defence stocks attract attention as spending climbs + MORE Apr 10th
With global hostilities rising, experts say investors should take a fresh look at defence companies. The defence industry is much broader than weapons-focused firms. Investing professionals say there are a range of options for retail investors to gain exposure to the sector, depending on their comfo.... More »
Activision Confirms 'Call of Duty' Features AI-Generated Visuals - CNET Feb 25th
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Poilievre calls for ethics committee to investigate B.C. ‘condo bailout’ - CTV News Jun 28th
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Looking for a mortgage in B.C.? Don’t limit your options to the big banks Aug 9th
At last, interest rates are coming down again. For Canadians who are in the market for a new home, facing renewal of their mortgage in the foreseeable future, or feeling unsatisfied with their current home loan, this poses two choices: do you pounce now, or stay on the sidelines in the hope that rat.... More »
What happens when a buyer backs out of a real estate deal?
– moneysense.ca
When it comes to backing out of a real estate deal, the law doesn’t tend to side with the dealbreaker, says Ron Butler, a veteran mortgage broker and one of the founders of Butler Mortgage in Toronto. If you’re the buyer, “You should find a way to complete the sale—beg, borrow, do whatever you need to do—but close, because the case law overwhelmingly favours the seller,” he says, adding that the courts aren’t usually sympathetic towards the dealbreaker, no matter their reasons or motivations.
Julia Sebastian discovered this the hard way. She entered an agreement of purchase and sale for a $995,000 home on Glasshill Grove in the Erin Mills neighbourhood of Mississauga, Ont in May 2017. She seemed particularly eager. Not only did she offer $45,100 above asking, but she also waived the two conditions of adequate financing and a home inspection—a move intended to make her offer as attractive as possible.
Before the deal could close, the property was appraised for only $920,000, and as a result, Sebastian’s financing was denied…
