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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
9 May 2017

April housing starts showed a slight decline in Canada

The latest report from the Canada Mortgage and Housing Corporation (CMHC) shows that housing starts were down last month following a strong March increase. In the same time, the number remained near a five-year record high.

April housing starts went down to 214,098 units at the seasonally adjusted rate, which is still higher than the average forecast of 210,000. Meanwhile, March results were revised to a bit lower of 252,305 units.

 
8 May 2017

Most Canadians predict further home prices growth

It looks like forecasts on Canada’s real estate market are getting even hotter, as the recent weekly telephone poll says more than half of consumers expect prices to keep growing. It’s the first time the number exceeded half since the survey was started in 2008.

Such an upbeat mood appeared even amid the deposit crisis at mortgage lender Home Capital Group Inc., which led to a strong scrutiny of the market, as the government is sure the conditions are divorced from the economic fundamentals. The Bloomberg Nanos Canadian Confidence Index was down to 59% last week.

The survey shows that 50.1% of respondents predict further home prices growth. The number has been rising for six weeks in a row already.

 
5 May 2017

Canada’s unemployment rate fell to 6.5% in April

Last month, Canada’s economy created 3,200 new jobs and the unemployment rate fell slightly to 6.5%, reaching the lowest number since October 2008.

According to the latest report by Statistics Canada, British Columbia and Prince Edward Island showed employment growth, while other provinces saw almost no changes.

The report says that fewer young Canadians were searching for a job in April, pointing to workers between ages 15 and 24. The jobless rate in this category was down by 1.1% to 11.7%. It’s the lowest rate since September 2008.

 
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News

25 May 2017

Home Capital’s troubles are not widespread Recently, the CEOs of two largest Canadian banks noted that Home Capital’s liquidity problems shouldn’t b...Read more >>

24 May 2017

Bank of Canada doesn’t change its interest rate once again On Wednesday, the central bank decided to keep its key lending rate unchanged again, makin...Read more >>

23 May 2017

A 10% hike of mortgage payments would be a problem for most Canadian borrowers According to a new poll by Manulife Bank, almost three quarters of Can...Read more >>
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