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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
9 January 2017

Limited market supply will support housing prices growth

According to the recent report by Oxford Economics, reduced supply in the Vancouver and Toronto housing markets will become a key factor supporting the increase of national real estate prices this year.

“This forecast is based on a moderate slowdown in market speculations and foreign buying activity combined with the continued price growth, caused by the non-speculative demand and limited supply,” – the report says.

Real estate prices were up by 50% in Vancouver since 2014, while GTA showed a 35% increase during the same period.

 
6 January 2017

Full-time sector is getting weak, while part-time jobs keep growing

Last year, Canada’s labour market showed great increases, however, the growth was supported by sharp gains in the sector of only part-time jobs. Meanwhile, in case of the previous years, the largest gains were reported in the full-time sector.

According to Statistics Canada, there were 153,700 net new part-time jobs created in 2016 and only 60,400 full-time positions. The result was so weak, it turned out to be statistically insignificant.

 
5 January 2017

Toronto home sales set another record

According to the Toronto Real Estate Board (TREB), in December, the GTA's average home price rose by 20% annually and reached $730,472.

High housing sales, reported last month, made 2016 a record year for GTA realtors.

The board says there were 5,338 sales of all types of residential real estate made, including condominiums and detached houses. It’s 8.6% higher than a year ago, even in spite of the reduced market supply.

TREB’s house price index, which is adjusted for various kinds of housing, went up by as high as 21% last month.

 
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News

20 January 2017

December 2017 – Canadian inflation rate reaches 1.5% due to oil prices gains Last month, Canada’s annual inflation rate was up slightly, althoug...Read more >>

19 January 2017

Genworth follows CMHC in raising its mortgage insurance cost Genworth Canada, the biggest private mortgage insurer in the country, decided to follow ...Read more >>

18 January 2017

The Bank of Canada keeps its key lending rate unchanged The central bank decided to keep its key interest rate at 0.5% and provided a wide assessment...Read more >>
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