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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

19 May 2015

Canadian dollar keeps going down

As the U.S. dollar went up and oil prices fell down, the Canadian loonie saw an almost 2% drop since last Friday.

The Canadian dollar was at 83.26 cents US on Friday, however, it kept going down yesterday. As a result, it fell by 1.5 cents to 81.75 cents US.

One of the reasons for this slide was a news about the U.S. Dow and S&P stock indexes rising to their record highs on Monday and then slightly moderating on Tuesday.

18 May 2015

Happy Victoria Day – what are we celebrating today?

Traditionally, Victoria Day is a federal Canadian holiday. It is celebrated on the last Monday before May 25 and honours the Queen Victoria's birthday.

It should be noted that this holiday was celebrated even before Canada was formed. At first, it fell on the actual sovereign's birthday. Today it’s celebrated in numerous ways across the country.

15 May 2015

Canadian home sales went up by 2.3% in April

Last month homebuyers in Toronto and Montreal kept benefiting from extremely low mortgage rates and pushed housing sales even higher.

According to the Canadian Real Estate Association (CREA), April home sales through MLS system went up by 2.3% in comparison to the previous month, making it the third monthly increase in a row. However, the rise was already lower than 4.1%, reported in March.

"As we’ve expected, low interest rates and the spring season attracted those buyers who have been waiting for the right moment, especially in case of the regions with a long and severe winter," - CREA president Pauline Aunger noted.

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25 May 2017

Home Capital’s troubles are not widespread Recently, the CEOs of two largest Canadian banks noted that Home Capital’s liquidity problems shouldn’t b...Read more >>

24 May 2017

Bank of Canada doesn’t change its interest rate once again On Wednesday, the central bank decided to keep its key lending rate unchanged again, makin...Read more >>

23 May 2017

A 10% hike of mortgage payments would be a problem for most Canadian borrowers According to a new poll by Manulife Bank, almost three quarters of Can...Read more >>
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