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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

8 March 2017

Mortgage brokers call for no more changes from the government

On Tuesday, the group representing Canada’s mortgage brokers visited Ottawa in order to demand from the government to rethink their latest homeownership rule changes and postpone the implementation of new ones.

Mortgage Professionals Canada (MPC), which represent about 11,000 brokers across the country, called for rethinking the rule changes introduced last October. As you know, they focus on borrowers who may be taking excessive debts for a house purchase. One of the main changes was the introduction of a stress test, according to which the borrowers’ ability to pay off the loan should be assessed under a much higher interest rate than we have now.

7 March 2017

Why do Chinese buyers want to buy homes in Toronto?

The latest data from a popular housing listing website shows that the main reason why Chinese buyers are attracted to Canada’s real estate is not investment options, but education.

According to the numbers released by Juwai.com in partnership with Sotheby's International Realty Canada on Tuesday, education was the top reason for potential buyers from China who searched for real estate in large Canadian cities last year.

The need of property for education was the main motivation for 46% of Chinese users who were viewing housing listings in Montreal. Then goes Vancouver with 44%, Toronto with 41% and Calgary with 9%.

6 March 2017

Finance Minister says the government watches Canada’s housing market closely

According to Finance Minister Bill Morneau, the government keeps watching the Canadian real estate market closely. This commentary appeared amid sharply growing home prices in Toronto and Vancouver. 

“We are still very focused on considering ways how to manage the Canadians’ most important investments. In addition to it, we keep a close eye on the debts level, especially in the real estate sector,” – he said on Tuesday.

Morneau says Canada has quite strong underlying markets in the cities with a high performance, e.g. Toronto and Vancouver.

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29 March 2017

Ontario will replace Tarion by a new regulator for province’s home builders The Ontario government decided to appoint a separate regulator to control...Read more >>

28 March 2017

Charles Sousa aims at cooling down Ontario’s real estate market Finance Minister Charles Sousa is going to include into the spring budget measures t...Read more >>

27 March 2017

Condo sales in Toronto hit another record The latest press release from Building Industry and Land Development Association (BILD) shows that condo sa...Read more >>
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2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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