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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 November 2015

CMHC is concerned about Toronto real estate market

The recent report by Canada Mortgage and Housing Corporation (CMHC) shows there are strong signs of problematic conditions in Toronto’s real estate market and a quarter of 15 Canadian largest housing markets.

CMHC’s chief economist Bob Dugan says the main problem, reported in 11 of the 15 cities this September (in June it was only 8), is overvaluation, with rising prices not supported by economic factors or a healthy demographic demand.

29 October 2015

Home prices growth in some GTA regions outpaced Toronto

According to the latest report by Royal LePage, real estate prices in certain Greater Toronto Area (GTA) regions went up even more quickly than in case of Toronto's downtown.

The average home price in the GTA was up by 11.3% from a year ago and exceeded $612,000. In the same time, the real estate in the City of Toronto rose by 11.2% to more than $639,000.

Richmond Hill and Vaughan showed the largest increases by 18.6% and 18%, while Toronto reported a 17.1% hike.

28 October 2015

Land transfer tax may double in Ontario

According to Ontario realtors, the government is looking through the plan allowing municipalities in Ontario to follow Toronto’s example and present another land transfer tax.

The Ontario Real Estate Association (OREA) says the Ontario Ministry of Municipal Affairs and Housing is planning to provide every provincial municipality with the right to implement a Municipal Land Transfer Tax (MLTT).

“Today Ontario home buyers are facing a provincial land transfer tax, so charging a municipal tax in addition to it will double the tax burden on families,” - noted Patricia Verge, president of OREA.

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17 November 2017

Mortgage borrowers may face an unpleasant surprise when renewing their loans After the previous two rate increases by the central bank in 2017, ratin...Read more >>

16 November 2017

Canadians still prefer paying in cash The recent study by the central bank shows that even in spite of the increase in alternative methods, e.g. debi...Read more >>

15 November 2017

Prices for Canadian real estate continued to rise in October. Vancouver is the leader in price growth Last month, housing sales in Canada rose by mod...Read more >>
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