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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
23 September 2016

August 2016 – Canada’s inflation slows down to 1.1%

Last month, Canada's inflation slowed down to 1.1% annually, as food prices showed a less sharp gain than earlier.

According to Statistics Canada, the consumer price index growth was down from July’s 1.3%, while economists surveyed by Reuters had predicted a small increase to approximately 1.4%.

Food prices rose by 1.1% in August, following a 1.6% year-over-year hike, reported in July.

 
22 September 2016

A tax for foreign real estate buyers in Toronto: pros and cons

According to the former finance minister Joe Oliver, Ontario needs to implement the same tax for foreign real estate buyers, as in British Columbia. In his opinion, it should be dome quickly in order to restrain the wave of international money leading to higher housing prices in the Greater Toronto Area.

A tax for foreign homebuyers is quite a controversial topic. For now, provincial political leaders are watching the Vancouver real estate market closely to see how it reacts to the new 15% tax.

Here are some of the comments on this issue concerning Ontario.

Former finance minister Joe Oliver (Sept. 21, 2016):

“Ontario has to make a decision now.

 
21 September 2016

Lower interest rates may stay for some time more

It looks like the Bank of Canada governor Stephen Poloz is not the only one who warns about the possibility that we’ll see weak economic growth and low interest rates for far longer than expected.

In his opinion, not only a domestic issue, but also a global one needs to be repaired across borders.

However, in his speech called “Living with Lower for Longer,” Poloz noted it doesn’t have to remain this way.

The central bank has almost used up all its variants by cutting its key lending rate to 0.5%, where it has stayed since July 2015 after two reductions.

 
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News

23 September 2016

August 2016 – Canada’s inflation slows down to 1.1% Last month, Canada's inflation slowed down to 1.1% annually, as food prices showed a less sharp g...Read more >>

22 September 2016

A tax for foreign real estate buyers in Toronto: pros and cons According to the former finance minister Joe Oliver, Ontario needs to implement the sa...Read more >>

21 September 2016

Lower interest rates may stay for some time more It looks like the Bank of Canada governor Stephen Poloz is not the only one who warns about the poss...Read more >>
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