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Contact Information

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
14 August 2017

The number of new mortgages keep growing in Canada

According to the Canada Mortgage and Housing Corporation (CMHC), there were more than 1 million new mortgages registered in 2016, which is 1.4% higher than a year earlier.

It’s important to note that 39.6% of those new mortgages were for new owners and 9.5% were taken by homeowners who decided to move to a new property.

“During the period from 2015 to 2016, the number of new mortgages provided to new owners in Canada was down by 1.3%, while the number of borrowers who refinanced their existing loan for a larger sum rose by 3.8%,” - CMHC says. “An increase in the refinancing sector of Vancouver and Toronto and their surrounding areas shows that existing homeowners are benefitting from bigger parts of their home equity.”

 
11 August 2017

Higher interest rates don’t seem to affect the consumer confidence

It looks like stronger loonie and optimistic labour market have pushed the Canadian consumer confidence to its highest level in three years.

Last week, the Bloomberg Nanos Canadian Confidence Index rose to 60.5, marking the strongest result since July 2014 and almost reaching a record level.

Such results show that Canadians don’t seem to be affected by the central bank’s interest rate increase, as they focus on improving economy, which is pushing down the unemployment rate to the lowest level since 2008, and a growing national currency increasing the purchasing power.

 
10 August 2017

Home prices increase in Vancouver reaches a record high level

While Toronto’s real estate market is finally cooling down a bit, Vancouver is coming back to its red-hot activity.

The latest report by Statistics Canada shows that new home prices in Vancouver were up by 1.5% in June, resulting in a 5% increase in just three months – it’s the largest gain in such a period since 1990. In addition to it, the average cost of already existing houses rose by 11% in five months.

 
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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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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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