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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

4 December 2017

Dispute continues about public access to data on home sales

The Federal Court of Appeal decided to support a lower court decision on demanding a public access to detailed information on home sales from the largest real estate organization in Canada.

On Friday, the court approved the previous decision in favour of the Competition Bureau against the Toronto Real Estate Board (TREB).

This change may provide more possibilities for businesses and websites which offer detailed information about home sales, without necessary contracts and commissions to agents.

1 December 2017

Canada created 80,000 new jobs last month

The latest report by Statistics Canada says there were eight times more jobs created in November, than earlier expected.

Last month, Canada added The 80,000 jobs and the unemployment rate fell by 0.4% to 5.9% marking the lowest level since February 2008.

In addition to it, it’s also the largest monthly increase since April 2012, when the economy was recovering from the recession.

30 November 2017

Dreams of homeownership may remain only dreams for some Canadians

In his recent speech in Australia, Evan Siddall, president of Canada Mortgage & Housing Corp. (CMHC) noted that more Canadians today may need to think twice about buying real estate, especially in the largest cities with extremely high prices.

“The dream of owning a home may remain only a dream for some people”, - he said. “Housing affordability is a serious issue now in Canada’s major cities.”

This commentary came a week after Prime Minister Justin Trudeau announced $40 billion program for the next ten years aimed at improving public housing projects and new rent subsidies for poorer families.

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