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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
22 January 2019

Liberal government is looking for ways to help millennials enter the housing market

According to Finance Minister Bill Morneau, the federal government is searching for ways to increase the housing affordability for millennials.

He mentioned it after his Tuesday speech, answering the question on Ottawa’s plans to help first-time buyers enter the real estate market amid growing interest rates.

Of course, the housing issue will be one of the key points before the October’s federal election. Recently, NDP Leader Jagmeet Singh offered certain measures aimed at building 500,000 new affordable homes in Canada during the next 10 years.

 
21 January 2019

More and more Canadians face financial difficulties

According to the recent survey, the number of Canadians who find themselves about $200 away from financial insolvency rose sharply to 46%, following 40% reported in the previous quarter. The main reason for such an increase was interest rates growth.

The poll, conducted for MNP Ltd. last month, shows that 31% of Canadians don’t earn enough to cover their expenses and manage debt payments. It’s 7% higher than in September.

In addition to it, 51% of respondents say they already feel the hit from interest rate hikes, while it was 45% a quarter earlier.

 
18 January 2019

Canadian economy lost 13,000 jobs in December

According to ADP Research Institute, Canada lost 13,000 jobs in December 2018.

Such a large drop was caused by a loss of 7,700 jobs in trade and transport sector, and utilities. Construction sector lost 6,900 position, while other services showed a decline by 3,500 positions. Meanwhile, finance and real estate lost 2,600 jobs.

Nevertheless, the low numbers of the year end are in contrast with quite a strong year for employment growth. In addition to it, November’s increase was revised from 39,100 to 74,000 positions.

"In spite of the job growth decline last month, general increase for 2018 was strong," - noted Ahu Yildirmaz, vice president of the ADP Research Institute. "The largest increases of more than 340,000 jobs created this year were reported in education and healthcare, professional services and leisure, hospitality."

The main growth in December was seen in manufacturing (4,700 jobs), administrative and support (3,700), and education and healthcare (3,000).

 
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News

22 January 2019

Liberal government is looking for ways to help millennials enter the housing market According to Finance Minister Bill Morneau, the federal governmen...Read more >>

21 January 2019

More and more Canadians face financial difficulties According to the recent survey, the number of Canadians who find themselves about $200 away from...Read more >>

18 January 2019

Canadian economy lost 13,000 jobs in December According to ADP Research Institute, Canada lost 13,000 jobs in December 2018. Such a large drop was c...Read more >>
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