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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 March 2017

U.S. interest rate increase may cause the same hike in Canada

U.S. Federal Reserve chair Janet Yellen says the first interest rate hike this year will be announced this week already, as the economy keeps improving and the global risks are getting weaker.

As there are two more hikes planned for 2017, some specialists in Canada suggest we may see rate increases as well.

According to James Laird, president of mortgage broker CanWise Financial, a five-year fixed rate went up by about 0.5% since the last fall, and he expects the trend to continue during the year.

10 March 2017

February 2017 – Canadian job market beats all forecasts

Last month, Canada’s economy created 15,300 new jobs, sharply exceeding the economists’ forecasts of a net gain of 2,500 jobs.

As a result, the unemployment rate fell to 6.6%, marking the lowest rate since January 2015.

In addition to it, the increase was reported in the sector of full-time positions. According to Statistics Canada, approximately 105,000 more people found full-time jobs in February and part-time positions fell by 90,000.

9 March 2017

Housing starts in Canada keep growing

Several recent reports show that housing starts in Canada were up last month compared to January. In addition to it, building permits also went up in January, and the strong market activity breaks all the forecast ofa possible slowdown.

According to the Canada Mortgage and Housing Corp. (CMHC), housing starts rose to a seasonally adjusted annual pace of 210,207 units, following the revised 208,934 units reported in January. High activity in Ontario compensated for cooling in British Columbia.

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29 March 2017

Ontario will replace Tarion by a new regulator for province’s home builders The Ontario government decided to appoint a separate regulator to control...Read more >>

28 March 2017

Charles Sousa aims at cooling down Ontario’s real estate market Finance Minister Charles Sousa is going to include into the spring budget measures t...Read more >>

27 March 2017

Condo sales in Toronto hit another record The latest press release from Building Industry and Land Development Association (BILD) shows that condo sa...Read more >>
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