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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

14 January 2019

Canada and other major global economies are showing slower growth

The Organization for Economic Co-Operation and Development (OECD) released its new report today, showing a much gloomier forecast than almost a year ago both for Canada and other major world economies.

"In case of the United States and Germany, the first signs of slower growth, reported in the previous report, have been confirmed," – OECD says. “The growth pace is slowing in Canada, the United Kingdom and the euro area, including France and Italy."

The OECD's indicator tends to predict turning points in the economy six to nine months before they appear.

11 January 2019

Canadians are quite pessimistic about finances and economy in 2019

It turns out many Canadians aren’t very optimistic about their financial state and the national economy for this year.

The recent poll by Ipsos shows that Canadians are more pessimistic about these issues than during the previous three years.

Last year, only 60% of respondents said they were in a good financial situation. British Columbia showed 67%, while Alberta facing numerous challenges reported only 44%.

In case of 2019, 71% of Canadians feel “good” about their finances, which is lower than 80% in 2017 and 75% in 2016.

According to Ipsos CEO Darrell Bricker, the middle class felt the hardest hit and they don’t feel like they are moving forward.

10 January 2019

What kind of investment should you choose: housing or stocks?

Many Canadians believe that housing is the best kind of investment. Stricter mortgage rules and new provincial policies made some of them review this idea.

But, although Canada’s hottest real estate markets cooled last year, the influence was still not as significant as in case of cooling at stock markets.

Zoocasa compared the return on investment into main real estate markets and other investment options.

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22 January 2019

Liberal government is looking for ways to help millennials enter the housing market According to Finance Minister Bill Morneau, the federal governmen...Read more >>

21 January 2019

More and more Canadians face financial difficulties According to the recent survey, the number of Canadians who find themselves about $200 away from...Read more >>

18 January 2019

Canadian economy lost 13,000 jobs in December According to ADP Research Institute, Canada lost 13,000 jobs in December 2018. Such a large drop was c...Read more >>
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