xhamster porno

I Would Like to be Contacted

First name:
Last name:

Validation code:
   * All fields are mandatory

Contact Information

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

17 May 2017

Canadian seniors face more challenges with homeownership because of significant debts

According to Home Equity Bank’s new survey, Canadian seniors are facing many challenges with maintaining their homes, mostly because of record high debt levels.

The study, focusing on debt review and home ownership among Canadian seniors, shows that the ability of aging Canadians to maintain a property is sharply worsening, hit by extremely high household debt levels, small long-term savings, the decrease of defined-benefit pensions and extended life expectancies.

Although 91% of Canadians aged over 65 consider retaining their homes important, only 78% of them have a necessary access to savings and investments. Still, 40% of them have only less than $100,000.

16 May 2017

What happens in case Canada’s housing market actually crashes?

What should we expect in the worst-case scenario – if home prices in Canada really crash?

For some Canadian consumers it may be even profitable, e.g. for those who were pushed out of the market by extremely high real estate prices. In addition to it, even a significant 40% decline could set back homeowners in Toronto or Vancouver for only 2-3 years.

At first, we need to understand what a real crash is. Do you remember 1989 in Toronto? Housing prices fell sharply. The average home price reached a 30-years record high of $273,698 and then fell off the cliff to $198,150 by 1996.

Just like then, some homeowners will be almost unaffected by the prices crash. Those who don’t plan to move, those who have enough equity – they will be set back slightly, but due to the previous prices growth (by 33% last year only) they will still have a certain cushion.

15 May 2017

The cost of an average house in Canada reached $559,317

Real estate prices in Canada keep rising with the average cost reaching $559,317 in April and marking a more than 10% annual increase.

According to the Canadian Real Estate Association (CREA), home sales fell by 7.5% on a year-over-year basis, while prices were still growing.

As you now, last month there were several new measures introduced in Ontario, which aim at fighting the market speculation. Although we can’t assess the full influence of the new rules yet, they still seem to have a cooling effect on the market.

"Both homebuyers and sellers are already reacting to the latest Ontario government decision, which focuses on cooling the real estate markets in and around Toronto," - CREA's chief economist Gregory Klump noted, pointing to April’s sales decline in many markets near the GTA.

<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 3 of 540


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 >>
Licence# 10349

7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved