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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


12 October 2017

Real estate prices show moderate increases in Canada

The latest study by Royal LePage shows that home prices in Canada's five largest markets are rising at a similar and healthy pace. It’s the first time in 6 years.

According to the firm, in the third quarter, housing prices in the Greater Toronto Area, Greater Vancouver, Greater Montreal Area, Calgary and Ottawa rose by 1.5%-3.5% compared to the previous quarter.

Royal LePage believes such gains are the signs of a much more balanced Canadian real estate market.

"Canada has been facing uneven regional economic growth for the previous 10 years already, and the largest hit was taken by the housing market," - noted Royal LePage president Phil Soper.

10 October 2017

Why are home prices gains different in Toronto and Vancouver?

While Justin Trudeau’s Liberal government is facing strong pressure on managing the sharp home prices growth, a new report shows that the prime minister will focus on controlling the housing market in Canada’s biggest city.

Such economic factors as population, incomes and borrowing costs were responsible for less than half of the 40% increase in Toronto real estate prices during the period from 2010 to 2016, says Canada Mortgage & Housing Corp. (CMHC), pointing to Bloomberg’s study.

Lack of supply and speculation coupled with investment, accounted for most of the growth. However, there is still not enough quality data on this issue.

6 October 2017

Economy of Ontario added 35,000 jobs in September, however, at the same time other provinces either gained or lost an unimportantly small number of jobs

Last month economy of Canada gained 10,000 jobs. It is an amount that is close to what economists have been expecting. It is also important to notify that a surge in full-time employment was offset by a loss in part-time positions.

On Friday, it was reported by Statistics Canada that the unemployment rate remained at 6.2% during the month, which is one of the lowest levels since October 2008.

The economy has already raised its employment for the ten months in a row. Since 2009, that's the longest streak of monthly job increase for the Canadian economy. Such economic activity hasn’t been seen since the beginning of the Great Recession.

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17 November 2017

Mortgage borrowers may face an unpleasant surprise when renewing their loans After the previous two rate increases by the central bank in 2017, ratin...Read more >>

16 November 2017

Canadians still prefer paying in cash The recent study by the central bank shows that even in spite of the increase in alternative methods, e.g. debi...Read more >>

15 November 2017

Prices for Canadian real estate continued to rise in October. Vancouver is the leader in price growth Last month, housing sales in Canada rose by mod...Read more >>
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