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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
3 January 2018

Raising the minimum wage may lead to losing 60,000 jobs

The latest report by the central bank shows that minimum wage increases in Canada may cost the economy about 60,000 jobs by 2019, even in spite of the obvious benefits they will provide.

The Bank of Canada’s researchers assessed the possible influence of a series of minimum wage increases set for this year on the entire national economy.

Starting January 1, Ontario's minimum wage goes up from $11.60 to $14 an hour. By the end of 2018, Alberta, Quebec and Prince Edward Island will also raise the numbers.

Higher wages will definitely affect small business owners.

 
2 January 2018

Canada’s Top CEOs will earn about $50K each by this afternoon

Just before you drink your second coffee today, the top 100 Canadian CEOs will earn a sum equal to an average worker’s annual income.

A new report shows that by 10:57 a.m. January 2, the top executives will each earn $49,738 - it’s the average wage a Canadian worker gets in a year.

According to Canadian Centre for Policy Alternatives (CCPA), the top Canadian executives have come back to the pre-2008 crisis levels, increasing the income difference between various Canadian citizens.

In 2016, the top 100 highest-paid CEOs on the S&P/TSX Composite index earned 209 times more than the average annual income of a working-class Canadian.

 
28 December 2017

Statistics Canada’s previous report on foreign homebuyers is just the beginning

According to the Statistics Canada’s new real estate program director, the government’s recent report providing the most thorough data on foreign ownership so far, was just a small part of what comes next.

In 2018, we’ll see more information with a deeper, broader, and more detailed analysis of Canadian property ownership, says Haig McCarrell, director of the Canadian Housing Statistics Program (CHSP).

The initial report showed that in case of such expensive markets as Vancouver and Richmond, one in five of the new built condos were bought by non-residents.

However, certain specialists believe the real numbers are much higher. McCarrell hopes the future releases will provide a more detailed outlook on some types of housing ownership arrangements.

 
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News

19 January 2018

Can the Bank of Canada's gradual rate hikes be dangerous? According to economists, it will take more time for the recent rate increases in Canada to ...Read more >>

18 January 2018

Canadian big banks follow Bank of Canada's example and raise their rates The largest Canadian banks decided to raise their prime rates as soon as the...Read more >>

17 January 2018

Bank of Canada raised the rate again and here’s how specialists reacted to it The central bank raised its key lending rate for the third time in half...Read more >>
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