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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

23 February 2017

Millennials could become the lost generation for real estate ownership

Millennials would like to own property. According to statistics, 8 out of 10 millennials express the view such ownership as necessary. They view real estate as a perspective investment, and as a possible source of pride. However, millennials suggest that possessing a house can be much more complex task than it was in the past and it is hard to argue with them on this.

The Toronto Real Estate Board estimated that the average price of real estate in GTA will soar by double digits this year which is a similar raise to the previous one. This resulted in average house cost reaching an unprecedented amount of $825,000. Reasons for such outcome lays in the inability of housing supply to keep up with housing demand and population increase.

22 February 2017

Federal government tools to curb real estate price growth may have little effect.

There is an argument between observers and think-tanks on the issue of cause of rapid price growth in the property market, but one of the most popular reasons for this situation is considered to be speculators who may find themselves to be unaffected by federal-level action to deteriorate their activity.

17 February 2017

Mortgage rules changes are causing weaker sales activity

In addition to making it even harder for first-time buyers to qualify for a mortgage and get a house of their dreams, the latest federal rules changes are also affecting home sales volume in Canada, says the recent report by DLC.

According to DLC chief economist Sherry Cooper, this year is expected to be quite difficult not only for the national housing market, but for the whole economy, as well.

“Real estate activity will not be the main driver for the overall economic growth in 2017 like it was in 2015 and the first half of 2016.

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