EnglishРусский


xhamster porno

I Would Like to be Contacted

First name:
Last name:
Phone:
Email:
Comments:

Validation code:
   * All fields are mandatory

Contact Information

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
18 March 2019

It’s time to review mortgage stress test as home sales are dropping sharply

Calls for a B-20 review are getting stronger every day. As you know, a week ago the Toronto Real Estate Board (TREB) suggested for the second time Ottawa should reconsider the mortgage stress test. And now the British Columbia Real Estate Board (BCREA) followed the example. BCREA says the stress test has cut purchasing power by 20% and only worsened the housing affordability issue.

In February, there were only 4,533 residential home sales through the MLS system in British Columbia – it’s 27% lower than in February 2018. The average price was down by 9.3% to $678,625. Meanwhile, listings went up by 36.5% to 30,891 during the same period.

“As a result, even despite a strong B.C. labour market, sales were still weak last month,” - Brendon Ogmundson, BCREA’s deputy chief economist, noted.

“Lower mortgage rates will be a relief for homebuyers, improving the affordability slightly this spring”.

 
15 March 2019

What can higher rental demand lead to?

As cities become more and more expensive, young families start renting longer, and this may provide landlords with stable tenants for many years.

However, landlords need more flexibility in order to guarantee that.

According to Craig Watson, a landlord and sales agent with REMAX Escarpment Realty Inc., by allowing tenants to baby-proof his rental units, he doesn’t worry about the possibility of vacancy for a long time.

“Young families have been facing difficult times recently, as they have to cope with stricter mortgage rules,” - he noted. “They are switching to renting. I’ve had more young tenants than ever’’.

A good strategy for any property investor is to adjust to tenants, and as young families face strong challenges with homeownership, Watson recommends being accommodating.

“Know what they need in order to meet their requirements”, - he says. “When tenants request such things from me, I don’t see any problem with it.

 
14 March 2019

Household debts grow faster than income in Canada

According to Statistics Canada, households’ debts outpaced income growth in the fourth quarter.

Seasonally adjusted household credit market debt as a share of disposable income rose to 178.5% in Q4, marking a 0.2% hike from the third quarter.

In other words, Canadian borrowers owed about $1.79 for each dollar of their disposable income.

Josh Nye, senior economist at Royal Bank, says such results reveal the difficulties consumers face today.

"We need a long period of household incomes exceeding credit growth in order to improve the debt-to-income ratio significantly," – he noted.

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 673

News

18 March 2019

It’s time to review mortgage stress test as home sales are dropping sharply Calls for a B-20 review are getting stronger every day. As you know, a we...Read more >>

15 March 2019

What can higher rental demand lead to? As cities become more and more expensive, young families start renting longer, and this may provide landlords ...Read more >>

14 March 2019

Household debts grow faster than income in Canada According to Statistics Canada, households’ debts outpaced income growth in the fourth quarter. Se...Read more >>
Licence# 10349


7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved