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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



HST - WHAT IS TAXABLE?

News
8 November 2017

Housing starts go up in Canada due to strong demand for condominiums

Last month, housing starts went up in Canada, pushed by a strong demand for condos from first-time homebuyers in the largest cities.

According to Canada Mortgage and Housing Corp. (CMHC), housing starts rose by 1.6% in October at a seasonally adjusted rate and reached 222,771 units. Meanwhile, it was 219,293 units in September. Economists at Royal Bank of Canada Market predicted only 211,000 starts.

A monthly drop by 17% in the sector of single-unit starts, which fell to its lowest number since August 2016, was offset by a 12.5% hike in the construction of condos and apartments. In fact, multifamily units accounted for almost two-thirds of all starts in October.

 
7 November 2017

Stephen Poloz doesn’t see any mystery around the current inflation

According to the central bank’s Governor Stephen Poloz, there’s nothing mysterious about today’s inflation – it remains weak as the global economy is facing the consequences of the Great Recession.

"While many believe the inflation has become inexplicable, this idea is greatly exaggerated," – he noted.

Mr. Poloz says people expect too much from the Bank of Canada when it comes to predicting and controlling the inflation rate to even tenths of a percentage-point.

In his opinion, the Bank’s policy of targeting 2% is working fine. "The laws of supply and demand are still there," – he added.

 
6 November 2017

Vancouver real estate sales are rising sharply

The recent report by the Real Estate Board of Greater Vancouver shows that home sales in Vancouver went up by 7.1% last month from September and reached 3,022 transactions. In addition to it, the number was 35.2% higher than a year ago.

According to the board’s president Jill Oudil, the federal government’s intentions to tighten mortgage rules caused a short-time activity increase.

As you know, the Office of the Superintendent of Financial Institutions will introduce new mortgage guidelines next year. One of the changes is requiring a stress test for uninsured borrowers in order to make sure they can withstand a potential rate hike.

 
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News

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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