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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
17 August 2017

Millennials are expected to have a strong influence on Canada’s housing market

The Generation Y represents a huge group of consumers who are eager to enter the housing market. However, it remains unclear if the affordability issue and new mortgage rules will let it happen.

“Trying to cope with the problems their parents never faced, millennials are fighting significant difficulties depending on their place of living,” - Phil Soper, president of Royal LePage noted. “Although finding a job in such large markets as Toronto and Vancouver is relatively easier than in other regions, home buyers here are facing lack of supply and extremely high prices. The average property cost is lower in other cities, but the job market could be not so strong there”.

 
16 August 2017

CIBC takes on the daily banking business of PC Financial

President's Choice is leaving its daily banking business. It means that more than two million PC Financial clients will be redirected to CIBC, which will rename the bank into Simplii.

On Wednesday, the two companies decided to stop their almost 20-year cooperation. According to Loblaw, PC will keep its loyalty point program and MasterCard program, but all the daily chequing, lending, savings account services will be moved to CIBC, which has been running the bank's inside operations since the beginning.

 
15 August 2017

Average real estate prices in Canada show an annual decline

In July, home sales in Canada showed the fourth monthly declined in a row – mostly due to lower activity in Toronto and Vancouver.

Slower home sales in those markets resulted in an annual decline of the average real estate price and marked its first drop since February 2013.

"Now Toronto has all the attention, as the prices decline is still there," - BMO Capital Markets senior economist Robert Kavcic noted.

"Today we can see that policy measures (despite the lack of exact data on foreign buyers at the market) have actually changed the market psychology that was almost reaching a dangerous area in 2016 and the beginning of 2017."

 
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News

18 September 2017

Foreign buyers’ tax in Ontario is working The recent data from Ontario’s government shows that since the introduction of a foreign buyers’ tax and a ...Read more >>

15 September 2017

CREA reduces its home resale outlook because of Ontario The Canadian Real Estate Association decided to cut its national home sales outlook by 5%, mo...Read more >>

14 September 2017

Will Equifax hack affect Canadian consumers? According to Equifax Canada's customer service, only those Canadians who had dealings in the U.S. may fe...Read more >>
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