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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
21 February 2019

Political leaders offer more measures on improving housing affordability

NDP Leader Jagmeet Singh explained how his party could improve housing affordability for young Canadians.

On Wednesday, Singh suggested two new measures should be taken in order to solve the housing crisis.

He wants the Canada Mortgage and Housing Corporation (CMHC) to support co-housing as one of the available mortgage variants.

 
20 February 2019

Should we expect a rate hike from the central bank in March?

With today’s economic challenges – weak real estate market, difficulties with oil and trade sectors – the Bank of Canada will hardly raise its key lending rate at its next meeting in March, says DLC chief economist Sherry Cooper.

“While the job growth turned out to be better than expected, wage increase moderated and inflation pressures are restrained,” - Cooper noted.

Although the most popular markets will keep facing home prices growth, those gains will be weaker than during the previous years. In addition to it, they may be partially offset by significant declines in other regions.

 
19 February 2019

Average real estate price in Canada went down by 5.5% in a year - there is an opportunity to buy a home for some clients!

According to the Canadian Real Estate Association (CREA), the average housing price was down by 5.5% and reached $455,000 during the previous 12 months.

CREA says home sales were higher last month than in December, but they were still lower than in January 2018. And CREA called that month extremely bad for the real estate market as the new stress test was just implemented.

Stricter mortgage rules cooled down the housing market leading to the on-going sales decline.

"Homebuyers are still adjusting to the new mortgage regulations implemented last year," - CREA president Barb Sukkau noted.

CREA reported 23,968 home sales through the Multiple Listing Service in January – it’s down from 24,977 a year earlier.

 
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News

19 March 2019

CMHC may provide 10% of your house purchase price This year’s federal budget includes a tempting plan for potential first-time home buyers. It’s a pl...Read more >>

18 March 2019

It’s time to review mortgage stress test as home sales are dropping sharply Calls for a B-20 review are getting stronger every day. As you know, a we...Read more >>

15 March 2019

What can higher rental demand lead to? As cities become more and more expensive, young families start renting longer, and this may provide landlords ...Read more >>
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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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