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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

28 February 2017

Condo rental market in Toronto is called…ridiculous

A real estate agent Dena Schiff, who works with those who search for rental, says open houses and severe bidding wars today are quite usual for the rental condo market.

"The competition is extremely strong," - she says, pointing to a latest example of properties in the Bay Street and Bloor Street West for $1,800 per month.

Once, the condo owner used FaceTime for a night of offers instead of meeting agents in a real life. "It was quite ridiculous," – Schiff noted.

With all the constructions in the city, it may sound ridiculous. However, Shaun Hildebrand, senior vice president for Urbanation, doesn’t share this idea.

"Today the Toronto rental market is in its strongest state in 30 years, and the main reason for that is the current trends in the ownership market," - he said.

27 February 2017

First-time homebuyers pay the biggest down payments ever

The latest report by Mortgage Professionals Canada shows that young families have to spend more for a home purchase than any other generation.

In 2014-2016, first-time buyers in Canada faced the record high down payments of 23%, which is 1% higher than in case of the previous generations, says Better Dwelling.

Moreover, about 51% of first-time buyers used their own saving for making the down payment, while 19% got a loan or financial help from their parents.

24 February 2017

Level of inflation increased to 2.1% due to the higher gasoline and shelter costs

The cost of living in Canada raised by 2.1 per cent in the year up to January, a rapid increase from the rate that we have seen in December.

According to the Statistics Canada, data that were published on Friday showed that the annual inflation rate rose to

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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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