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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





News
8 January 2018

Canada’s biggest banks expect a rate hike on January 17

Five out of six biggest Canadian banks expect the central bank to raise its key lending rate this month, as the unemployment rate fell to its lowest level in a long time.

Bank of Nova Scotia, RBC, TD Bank, and the Canadian Imperial Bank of Commerce decided to change their predictions following a Statistics Canada’s report showing the jobless rate surprised everyone by dropping to 5.7% last month from 5.9% in November due to 78,600 new added jobs.

“With such a great progress at the labor market, recently discussed by the Bank of Canada, we believe this report is enough” for the Governor Stephen Poloz to raise rates on January 17, CIBC economist Nick Exarhos said.

 
5 January 2018

Canada’s jobless rate falls to the lowest level since 1976

In December, Canadian economy created 79,000 new jobs, exceeding all the forecasts and pushing the unemployment rate to its lowest level since 1976.

According to Statistics Canada, the jobless rate fell by 0.2% to 5.7%, which is the lowest mark in 42 years.

Earlier, economists surveyed by Bloomberg predicted only 2,000 new jobs. All provinces added new positions, but Alberta and Quebec provided more than half of the new jobs – each of them created more than 26,000 vacancies.

The Canadian dollar rose to 80.56 cents US amid this news.

 
4 January 2018

Is the provincial government responsible for home sales decline in Toronto?

Toronto Real Estate Board (TREB) says it’s the provincial government's fault that 2017 was quite "volatile", with sales going down by more than 18%, although prices for detached houses falling.

According to TREB, there were 92,394 home sales in the Greater Toronto Area last year, which is 18.3% lower than the record high level seen in 2016.

"Most of the sales volatility in 2017 was caused by the government’s decisions," – the Board’s president Tim Syrianos noted.

 
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News

19 January 2018

Can the Bank of Canada's gradual rate hikes be dangerous? According to economists, it will take more time for the recent rate increases in Canada to ...Read more >>

18 January 2018

Canadian big banks follow Bank of Canada's example and raise their rates The largest Canadian banks decided to raise their prime rates as soon as the...Read more >>

17 January 2018

Bank of Canada raised the rate again and here’s how specialists reacted to it The central bank raised its key lending rate for the third time in half...Read more >>
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