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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

2 May 2016

Condominiums are still affordable for first-time buyers in Canada

Although significant price hikes for Canadian homes have made it more difficult for average buyers to purchase a house, there are still certain alternatives for the first-time buyers, says DLC chief economist Sherry Cooper.

According to her, condominium prices have not gone up as sharply as other real estate types.

“The market conditions vary depending on the area and the segment. For instance, condo prices in Toronto are growing at single-digit rates.

29 April 2016

February 2016 – Canada’s economy shows a decline

In February, the Canadian economy contracted for the first time since September, following the strong year start.

According to Statistics Canada, the real gross domestic product went down by 0.1% in February after a 0.6% growth reported in January.

However, Thomson Reuters noted that although such a drop followed four months of growth in a row, it was still in line with the economists’ forecast.

"Of course, GDP decline is never a good sign, but this time it was predicted. Moreover, it still doesn’t offset the optimistic growth at the beginning of 2016," - Bank of Montreal chief economist Doug Porter noted.

28 April 2016

Shared purchases are more popular among millennials

According to the recent poll, today more and more millennials are thinking about buying a property together with friends or partners.

An RBC online survey of 2,000 respondents showed almost 25% of Canadian millennials would agree to purchase a real estate with a friend. Another 24% would become co-buyers with a relative. Meanwhile, only year ago the results were 11.7% and 14.7%, respectively.

Among the main factors causing this trend rising home prices and insurance premiums are named.

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