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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

27 December 2016

Canadian buyers blame foreign investors for raising home prices this year

An unclear image of a foreign buyer with the massive discussions and worries around it was named the main newsmaker in the Canadian business press this year.

Amid sharply growing home prices in Vancouver and Toronto, public and political attention switched into the phenomenon called by many people the reason of this market trend – the foreign buyers.

Speculation about foreign real estate buyers, especially from China, who allegedly push real estate prices higher in Vancouver, took the main headlines in the media this year.

23 December 2016

Canadian GDP went down unexpectedly following four months of increases

In October, Canada’s economy showed a weak performance, caused by the low results in the manufacturing sector and a drop in oil and gas extraction.

According to Statistics Canada, the gross domestic product fell by 0.3%, while economists had predicted zero growth. September numbers were revised from the initial 0.3% to 0.4%.

22 December 2016

Inflation rate slows down due to lower groceries and gasoline prices

Last month, the Canadian inflation showed a slower pace, falling to 1.2%, mainly due to lower food prices.

According to Statistics Canada, the consumer price index showed weaker results in November compared to a month earlier, mostly, due to an annual 0.7% decrease in food prices, following October's drop.

Meanwhile, economist predicted an approximate of 1.4% last month.

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20 January 2017

December 2017 – Canadian inflation rate reaches 1.5% due to oil prices gains Last month, Canada’s annual inflation rate was up slightly, althoug...Read more >>

19 January 2017

Genworth follows CMHC in raising its mortgage insurance cost Genworth Canada, the biggest private mortgage insurer in the country, decided to follow ...Read more >>

18 January 2017

The Bank of Canada keeps its key lending rate unchanged The central bank decided to keep its key interest rate at 0.5% and provided a wide assessment...Read more >>
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