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Contact Information

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





News
25 March 2015

New report predicts extremely high Vancouver home prices in 2030

A new survey by Vancity Credit Union shows not the most optimistic forecasts for young people who would like to have a house in the future.

According to the report, the average price for a detached house in Vancouver will be higher than $2.1 million by 2030.

The generation known as millennials will have families and start searching for a proper house. And in many cases they will have to review their goals in order to deal with the growing unaffordability, the study says.

Another important finding from the Vancity survey is the fact that mortgage payments will take the main part of average households’ income. Moreover, sometimes they will cost even more.

 
24 March 2015

Canadian consumer confidence keeps rising

The recent survey by Nanos Research Group shows that Canadian consumer confidence has been rising for three weeks in a row due to weaker worries about the national economy and the housing market.

At the end of last week, on March 20th, the Bloomberg Nanos Canadian Confidence Index went up to 55, which is 0.4 higher than a week earlier. At the end of February, the Index went down to its 21-month low level of 53.6.

 
20 March 2015

Canadian debts went up by 2.3% last year

According to TransUnion, Canadian consumers were constantly increasing their debts at the end of 2014.

The agency’s report says an average Canadian borrower owed $21,428 in the fourth quarter of 2014 – and it’s with the exclusion of all mortgage debts.  Such results are up by 2.3% compared to the end of 2013.

These numbers reflect the reverse tendency, as in 2013 Canadian consumers were reducing their debts, while last year they suddenly decided to pile even more.

 
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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
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