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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
15 August 2019

Real estate sales kept growing in July

The recent report by the Canadian Real Estate Association (CREA) shows the national housing market is rebounding after the mortgage stress tests were introduced last year, as sales and prices are growing again.

According to CREA, the average home price rose by 3.9% annually last month. In addition to it, home sales were up by about 13%.

Following the lowest level in six years, reached in February, the market activity is recovering all over Canada, with sales increases in almost 60% of all markets.

"Sales are rebounding in regions where we’ve seen declines after the mortgage stress test took effect at the start of the previous year. However, the activity there is still lower than before the new rules’ implementation”, - CREA's chief economist Gregory Klump noted.

 
14 August 2019

GTA shows a detached market rebound

The latest report by REMAX and Toronto Real Estate Board shows stronger activity at the detached homes segment of the Greater Toronto Area during the first half of the year, marking a significant recovery.

The area including North and South Riverdale, Blake-Jones and Greenwood-Coxwell, saw a 15.2% prices increase from $1,197,133 last year to $1,378,987 in 2019.

In case of area starting from Kensington-Chinatown and stretching to Dufferin Grove and Little Portugal, the gain reached 12.8% from $1,732,193 to $1,953,511.

In addition to it, Leaside and Thorncliffe Park were up by 11.2% from $1,972,450 to $2,193,747.

 
13 August 2019

Canada lost 24,000 jobs, but the housing sector added 30,000 new positions

For those who still have doubts that Canadian real estate drives the national economy, recent job numbers could be a great example of this trend. According to Statistics Canada, the unemployment level was slightly up last month, as the economy lost 24,000 jobs. Nevertheless, the real estate and construction industries showed all-time high results, adding over 30,000 jobs.

Canada lost a few thousand jobs in July, marking the second monthly drop in a row. Last month, there were 19,030,000 employed in the country, which is down by 24,200 from June. It’s a 0.13% decline, although the number remains 1.89% higher than a year ago. Although Canada showed losses, we can still see growth.

 
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News

15 August 2019

Real estate sales kept growing in July The recent report by the Canadian Real Estate Association (CREA) shows the national housing market is reboundi...Read more >>

14 August 2019

GTA shows a detached market rebound The latest report by REMAX and Toronto Real Estate Board shows stronger activity at the detached homes segment of...Read more >>

13 August 2019

Canada lost 24,000 jobs, but the housing sector added 30,000 new positions For those who still have doubts that Canadian real estate drives the natio...Read more >>
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