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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

13 February 2017

Rocket high home prices in Vancouver are pushing middle-class out of the market

Being one of the most expensive Canadian real estate markets for a long time already, Vancouver keeps pushing middle-class and potential homebuyers out of its market, even in spite of the sharp decline in sales and price growth.

Although Vancouver is Canada’s leader in case of job creation and economic fundamentals, the number of vacant or temporary occupied properties here is twice larger these days than in 2001, reaching the mark of 66,719 units.

Most of them can cost at least one million dollars.

10 February 2017

Canada created 48,000 new jobs in January

The recent report by Statistics Canada says the Canadian unemployment level went down to 6.8% in January, as there were 48,000 new jobs added.

Following strong December results, such numbers crashed the economists' forecasts of losing 10,000 positions.

It means that Canada’s economy has created about 100,000 jobs since the end of November with an average monthly result of more than 40,000 new jobs since August. It’s the largest six months number in more than 15 years.

9 February 2017

Housing starts in Canada keep rising

Last month, Canada showed a rise in housing starts with Ontario reporting significant growth and pointing to a strong year beginning.

According to the Canadian Mortgage and Housing Corporation (CMHC), the seasonally adjusted annualized rate of housing starts was up to 207,408 units in January, following December’s downwardly revised 206,305 starts. Meanwhile, specialists predicted a drop to 200,000.

The gain was caused by a 4.2% increase in the sector of multiples, including condos. In the same time, single-detached houses saw a decease by 4.6%.

A strong gain by 25.1% was reported in Ontario, and the weather could be one of the reasons for such a number.

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23 February 2017

Millennials could become the lost generation for real estate ownership Millennials would like to own property. According to statistics, 8 out of 10 m...Read more >>

22 February 2017

Federal government tools to curb real estate price growth may have little effect. There is an argument between observers and think-tanks on the issue...Read more >>

17 February 2017

Mortgage rules changes are causing weaker sales activity In addition to making it even harder for first-time buyers to qualify for a mortgage and get...Read more >>
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2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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