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Contact Information

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
18 September 2017

Foreign buyers’ tax in Ontario is working

The recent data from Ontario’s government shows that since the introduction of a foreign buyers’ tax and a pack of other cooling measures called the Fair Housing Plan, the number of non-resident homeowners in the Greater Golden Horseshoe has declined significantly.

According to the province’s Ministry of Finance, the share of Ontario properties bought by foreign companies or someone who’s not a citizen and a permanent resident of Canada, went down by 1.5% during the period from May 27 to August 18, compared to the period from April 24 to May 26.

About 3.2% of 66,434 sales in the Greater Golden Horseshoe involved at least one foreign person or a corporation, while it was 4.7% in the previous period. The entire province reported 2.6% foreign transactions of 101,698 deals, and Toronto saw the number falling to 5.6% from 7.2% reported before the new rules were introduced.

 
15 September 2017

CREA reduces its home resale outlook because of Ontario

The Canadian Real Estate Association decided to cut its national home sales outlook by 5%, mostly because of lower activity in Ontario.

Now CREA expects 506,900 sales via MLS system this year, which is by 20,000 transactions lower than it predicted in June.

"British Columbia and Ontario will see home sales drop by about 10% in 2017 compared to record high numbers of the last year," – the report noted.

In addition to it, CREA predicts a 3.4% average price increase at the resale market this year to $506,700, while it was $526,000 earlier.

 
14 September 2017

Will Equifax hack affect Canadian consumers?

According to Equifax Canada's customer service, only those Canadians who had dealings in the U.S. may feel the impact from the recent hacking attack.

The company’s call centre is assuring clients that only financial data of Canadians who have Equifax accounts in the U.S. may be compromised. It includes those who lived and worked there or applied for a loan in the United States.

There were numerous calls to Equifax Canada's from The Canadian Press as consumers, and the agents said consumers who didn’t check their credit files in the U.S. couldn’t be exposed to any risk from the hack.

Last week, Equifax said there was a security breach in summer, compromising private data of almost 143 million Americans and certain Canadians.

 
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News

18 September 2017

Foreign buyers’ tax in Ontario is working The recent data from Ontario’s government shows that since the introduction of a foreign buyers’ tax and a ...Read more >>

15 September 2017

CREA reduces its home resale outlook because of Ontario The Canadian Real Estate Association decided to cut its national home sales outlook by 5%, mo...Read more >>

14 September 2017

Will Equifax hack affect Canadian consumers? According to Equifax Canada's customer service, only those Canadians who had dealings in the U.S. may fe...Read more >>
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