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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com





News
16 August 2017

CIBC takes on the daily banking business of PC Financial

President's Choice is leaving its daily banking business. It means that more than two million PC Financial clients will be redirected to CIBC, which will rename the bank into Simplii.

On Wednesday, the two companies decided to stop their almost 20-year cooperation. According to Loblaw, PC will keep its loyalty point program and MasterCard program, but all the daily chequing, lending, savings account services will be moved to CIBC, which has been running the bank's inside operations since the beginning.

 
15 August 2017

Average real estate prices in Canada show an annual decline

In July, home sales in Canada showed the fourth monthly declined in a row – mostly due to lower activity in Toronto and Vancouver.

Slower home sales in those markets resulted in an annual decline of the average real estate price and marked its first drop since February 2013.

"Now Toronto has all the attention, as the prices decline is still there," - BMO Capital Markets senior economist Robert Kavcic noted.

"Today we can see that policy measures (despite the lack of exact data on foreign buyers at the market) have actually changed the market psychology that was almost reaching a dangerous area in 2016 and the beginning of 2017."

 
14 August 2017

The number of new mortgages keep growing in Canada

According to the Canada Mortgage and Housing Corporation (CMHC), there were more than 1 million new mortgages registered in 2016, which is 1.4% higher than a year earlier.

It’s important to note that 39.6% of those new mortgages were for new owners and 9.5% were taken by homeowners who decided to move to a new property.

“During the period from 2015 to 2016, the number of new mortgages provided to new owners in Canada was down by 1.3%, while the number of borrowers who refinanced their existing loan for a larger sum rose by 3.8%,” - CMHC says. “An increase in the refinancing sector of Vancouver and Toronto and their surrounding areas shows that existing homeowners are benefitting from bigger parts of their home equity.”

 
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News

16 August 2017

CIBC takes on the daily banking business of PC Financial President's Choice is leaving its daily banking business. It means that more than two millio...Read more >>

15 August 2017

Average real estate prices in Canada show an annual decline In July, home sales in Canada showed the fourth monthly declined in a row – mostly due to...Read more >>

14 August 2017

The number of new mortgages keep growing in Canada According to the Canada Mortgage and Housing Corporation (CMHC), there were more than 1 million n...Read more >>
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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
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