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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

16 February 2017

Toronto Mayor doesn’t consider rocket high home prices a reason for panic

According to Toronto Mayor John Tory, the city’s real estate market isn’t facing a bubble, as sharp prices growth is just a sign of a healthy condition.

“Economists keep releasing reports, and I read them all without ignoring. However, I also talk to people from the federal and provincial governments, from the private sector, and no one has ever told me about a panic situation at the market,” – he said on Thursday.

“We can see a strong market activity today, as prices are growing significantly, and, of course, it’s an issue. Nevertheless, it’s an issue that people are facing challenges with buying homes, but not an issue which can cause a real panic,” – Tory noted.

15 February 2017

CREA on difficulties homebuyers will face this year

The first 2017 report by the Canadian Real Estate Association (CREA) focuses on the possible challenges homebuyers may have to withstand this year.

“In 2017, homebuyers in Canada will face certain difficulties, including stricter mortgage rules affecting the qualification process and other changes increasing the cost of mortgage financing,” - CREA President Cliff Iverson noted. “We need time to evaluate the strength of these challenges towards buyers in various real estate markets.”

Last month, home sales were down by 1.3% from December. Half of the local markets reported sales declines with the largest drops in the GTA, Greater Vancouver and Montreal.

14 February 2017

Condominiums are becoming more popular in Toronto

As the result of sharply growing home prices in Toronto, more and more young buyers and professionals are switching into condo sector instead of detached houses.

According to the latest report by ReMax Hallmark Realty, the competition among condo buyers in the downtown (especially in the Queen and King Street West sectors) caused hot bidding wars often with seventeen competitors.

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23 February 2017

Millennials could become the lost generation for real estate ownership Millennials would like to own property. According to statistics, 8 out of 10 m...Read more >>

22 February 2017

Federal government tools to curb real estate price growth may have little effect. There is an argument between observers and think-tanks on the issue...Read more >>

17 February 2017

Mortgage rules changes are causing weaker sales activity In addition to making it even harder for first-time buyers to qualify for a mortgage and get...Read more >>
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