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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

9 August 2017

Home construction in Canada is expanding

Last month, the pace of home construction in Canada rose for the seventh consecutive month and reached the annual level of 217,550 units.

According to the Canada Mortgage and Housing Corporation, the largest increases were seen in British Columbia and Alberta, while Manitoba reported significantly lower results. Although Quebec and Ontario didn’t report sharp changes, the BMO economist Robert Kavcic says Ontario averaged almost 80,000 units all year, marking one of the strongest building activity in about twenty years.

"The national homebuilding activity is still strong due to high demand from population growth," – he noted.

8 August 2017

How did Vancouver market changed a year after the foreigners’ tax was introduced?

Many specialists believe the foreign buyers' tax, implemented a year ago by the previous Liberal government, hasn’t changed the Vancouver’s housing market significantly.

According to certain analysts, real estate prices keep rising, home sales are back to the pre-tax pace and properties remain unaffordable for most buyers.

"The composition of home sales may have changed slightly with fewer luxury sales, but in case of a general situation in Vancouver, we can’t see significant changes," - noted Brendon Ogmundson, an economist with the B.C. Real Estate Association.

4 August 2017

Canada’s jobless rate reaches the lowest level in 9 years

According to Statistics Canada, last month the national economy created almost 11,000 new jobs, marking the eighth month of increases in a row. As a result, the unemployment rate went down to its lowest level in about nine years.

In the same time, the pace of job growth was slower than during the previous month. In July, we saw 10,900 net new positions, while in June it was a hike by 45,300 jobs. Although the full-time sector rose by 35,100 positions, the part-time jobs fell by 24,300.

Last month, the jobless rate fell by 0.2% and reached 6.3%, which is the lowest number since October 2008.

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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

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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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