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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 March 2017

Average home price in Toronto suburbs exceeds $1 million

Stronger market demand for detached houses in the Greater Toronto Area keeps raising prices to record high level with suburbs also feeling the influence.

According to the latest report by Toronto Real Estate Board (TREB), starting from Halton Hills and to Georgina, to Clarington, the average cost of a detached house in the 905 region reached $1,106,201. It’s a 35.4% gain from a year earlier.

In case of Toronto, the average price of a detached home now is $1,573,622, marking a 29.8% annual increase. The whole region showed an average price for all real estate categories of $875,983. Meanwhile, it was $685,738 a year ago.

 
2 March 2017

Canadian banks aren’t ready to face higher mortgage risks

Canada’s financial sector is calling for alternatives to recent government’s proposals, which can make them face larger share of mortgage defaults through a deductible. They call this change the strongest hit to the housing finance in 50 years.

“This proposal leads to doubts whether a deductible is actually the most effective method of balancing the risks in the housing finance system,” - the Canadian Bankers Association said. “We believe that alternative ways should be viewed in order to reach the same goals, but with an approach which would be more simple and less harmful for the current lending system.”

 
1 March 2017

The central bank keeps its overnight rate unchanged

Today, the Bank of Canada kept its key lending rate at 0.5% once again.

The BoC under the Government of Stephen Poloz decided not to change its overnight rate pointing to strong uncertainties in the national economic environment.

As you know, the Bank’s interest rate affects the rates, which other banks offer to their clients on such variable-rate products, as mortgages, lines of credits and savings accounts.

 
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News

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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