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Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’ - BNN Bloomberg + MORE Mar 18th
Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’ BNN BloombergHudson's Bay's demise marks the death of the traditional department store in Canada CBC NewsWhat could the liquidation sales be like at Hudson’s Bay? Retail experts weigh in&nb.... More »
Nvidia beats revenue expectations in Q2, but fears of a tech bubble persist + MORE Aug 29th
Nvidia’s sales of its artificial intelligence chipsets remained a hot commodity during the company’s latest quarter, but the demand wasn’t quite feverish enough to ease recent worries that the AI craze may be fading.
The results announced Wednesday were hotly anticipated because Nvidia has .... More »
The best GIC rates in Canada for 2026 May 4th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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What types of tax-free savings accounts (TFSAs) exist? + MORE Nov 29th
A tax-free savings account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a registered retirement savings plan (RRSP), you cannot deduct contributio.... More »
Stock market news live updates: Stocks gain for a second day amid busy earnings lineup - Yahoo Canada Finance Oct 18th
Stock market news live updates: Stocks gain for a second day amid busy earnings lineup Yahoo Canada FinanceStocks rise on Wall Street as investors focus on earnings CTV NewsUS stocks giving up gains. Risk on, reversing. ForexLiveStocks open higher on Wall Street, cla.... 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…
