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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

19 April 2017

How will Ontario deal with the hot real estate market?

This Thursday, the Ontario government will present new measures on managing the prices for home purchases and rent in the GTA.

The province is expected to announce a package of measures, aimed at solving the issue of supply and demand, which has led to an annual housing prices increase by 33%. The government will also expand its rent control, which now applies only to units constructed before 1991.

Premier Kathleen Wynne will make the long awaited announcement at 9 a.m. in Toronto with Finance Minister Charles Sousa and Housing Minister Chris Ballard.

According to Sousa, the housing plan is ready for action.

17 April 2017

Toronto families sell homes and leave the city due to the market uncertainty

Some time ago, a young couple was feeling quite nervous buying a small 1 1/2-storey house not in a luxury part of Toronto for more than $300,000.

Now, seven years later, they decided to benefit from the red-hot real estate market, as the cost of their property tripled and the region suddenly became extremely attractive for young families looking for a detached house.

Recently, they sold their three-bedroom house for as much as $1 million and today they live without any mortgage in a four-bedroom home in Ottawa.

13 April 2017

Canadian home prices showed a sharp rise in March

The recent report shows that real estate markets in Hamilton, Toronto, Victoria and Vancouver drove Canadian prices even higher in March. As a result, it was the biggest March price increase in ten years.

According to the latest data, the Teranet-National Bank national composite house price index was up by 0.9% last month.

The year-over-year comparison shows the index rose by 13.5%, marking the largest annual increase since November 2006.

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25 May 2017

Home Capital’s troubles are not widespread Recently, the CEOs of two largest Canadian banks noted that Home Capital’s liquidity problems shouldn’t b...Read more >>

24 May 2017

Bank of Canada doesn’t change its interest rate once again On Wednesday, the central bank decided to keep its key lending rate unchanged again, makin...Read more >>

23 May 2017

A 10% hike of mortgage payments would be a problem for most Canadian borrowers According to a new poll by Manulife Bank, almost three quarters of Can...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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