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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


5 June 2017

Housing sales in Toronto are falling, though the trend could be temporary

The recent report by the Toronto Real Estate Board (TREB) shows that home prices in the City of Toronto were up by 15% annually last month.

In the same time, real estate sales in Toronto and the Greater Toronto Area (GTA), which includes the 905 and 416 area codes, saw a decline.

2 June 2017

Vancouver housing market is becoming hot again

According to numerous realtors from Canada’s most expensive housing market, Vancouver’s activity came back to its record high level in May – only nine months since the implementation of a 15% tax for foreign buyers.

In the same time, the Real Estate Board of Greater Vancouver says the main demand has switched from detached houses (the most popular property choice among foreign buyers) to townhouses and condominiums.

“Those real estate types are extremely attractive among first-time buyers and those who want to downsize today,” – noted Jill Oudil, president of the board.

1 June 2017

Specialists suggest the government should take a pause with new housing market measures

According to the new CEO of the Canadian Bankers Association, Neil Parmenter, the government needs some time to make sure there are no undesirable impacts from the latest measures on curbing Toronto’s sharply growing home prices, and only then introduce new rules if necessary.

He is glad that the federal, provincial and municipal governments are working together solving the real estate issue. However, he suggests the regulators should first assess the influence of the recent rules before implementing new measures.

"In some cases it’s more reasonable to wait for a while, see the real consequences and then make adjustments if they are necessary," - Parmenter said.

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18 July 2017

Despite rising debts, Canadians are successfully coping with their mortgages Although Canadian consumers are facing almost record high level of debt...Read more >>

17 July 2017

GTA home sales show a sharp decline The recent report by the Canadian Real Estate Association (CRES) says June housing sales showed the largest month...Read more >>

14 July 2017

GTA real estate market is finally cooling It doesn’t matter if you want to sell or buy a property in the GTA, you still probably think only a year c...Read more >>
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