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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

8 August 2018

Canada’s real estate market is facing another issue

According to the recent data, Canadian seniors are over-housed and it’s affecting the housing market flow negatively.

A report by the Canadian Centre for Economic Analysis (CANCEA) shows that more than half of Ontarians live in houses with surplus bedrooms. Many baby boomers and empty nesters simply can’t afford to downside these days, so they have to keep their old houses, thus making it more difficult for younger Canadians to buy a property.

“Partially, the problem is that many baby boomers and empty nesters are over-housed,” - Paul Smetanin, president of CANCEA, says.

7 August 2018

Summer tendencies of Toronto real estate market

As we get closer to the end of the summer, certain significant trends have appeared at the GTA real estate market.

First of all, condo sector is showing strong activity, while other market segments keep adjusting to the new mortgage rules and their consequences.

“Condominiums are still one of the most affordable options at the market,” Zoocasa managing editor Penelope Graham says. “The demand for lower priced properties is growing, as buyers try to enter the market”.

6 August 2018

Where can you find the lowest property taxes in Canada?

A recent report by housing information portal Zoocasa shows the property tax rates of Canada’s hottest real estate markets in comparison to certain economic fundamentals.

“As a rule, home buyers tend to focus on the house price when searching for the most affordable option, but they often ignore property taxes which can increase the total cost significantly,” - Zoocasa says.

As most buyers worry about home prices and growing interest rates, they still have access to relatively affordable real estate. However, such options can’t guarantee you the lowest property taxes.

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16 August 2018

More and more borrowers forced to renew with the same lender The latest report by a Canada Mortgage and Housing Corporation (CMHC) shows that the num...Read more >>

15 August 2018

Average home price in July showed a 1% annual increase The recent report by the Canadian Real Estate Association (CREA) shows that July was the first...Read more >>

14 August 2018

Variable or Fixed? What to chose today If your mortgage is up for renewal this year? According to CIBC, almost half of all current mortgages will nee...Read more >>
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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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