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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
28 April 2017

Canadian economy didn’t expand in February

Canada’s economy didn’t show the necessary growth in February, as a small increase in the service sector wasn’t enough to exceed the decrease in the goods-producing sector.

According to Statistics Canada, the sectors of construction, housing, finance and insurance kept growing, while manufacturing, mining and oil and gas extraction reported declines.

The total economic output remained almost the same as in January - slightly more than $1.7 trillion, on an annualized basis. Although monthly comparison shows no changes, the national economy was up by 2.5% compared to February 2016.

 
27 April 2017

CMHC points to problematic conditions at Canada’s real estate market

The Canada Mortgage and Housing Corporation (CMHC) released its new report saying Canada’s real estate market still has certain problematic conditions, although some markets do show improvements.

CMHC reduced its overvaluation assessment from “strong” to “moderate” in case of six cities, compared to eight mentioned in January.

According to the Corp., problematic conditions mean there are imbalances in the housing market with the current numbers sharply departing from historical averages.

In the same time, the national real estate market is still split into several markets with Toronto facing sharp prices growth and overheating.

 
26 April 2017

Can vacant lands increase the housing market supply?

Find a vacant land and start construction on it. Can you believe it could be so simple? And you won't need a massive government plan for fixing the mess it contributed to.

According to economist and professor Frank Clayton, in order to cool down the sharp home prices increase, we need only to raise the number of new constructions. He and professor David Amborski (director of Ryerson’s Centre for Urban Research and Land Development) just published their new report, saying the GTA’s growing real estate prices are caused mostly by a government-induced lack of serviced lands. They blame the provincial government and municipalities for not responding correctly to the predicted market demand.

 
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News

28 April 2017

Canadian economy didn’t expand in February Canada’s economy didn’t show the necessary growth in February, as a small increase in the service sector w...Read more >>

27 April 2017

CMHC points to problematic conditions at Canada’s real estate market The Canada Mortgage and Housing Corporation (CMHC) released its new re...Read more >>

26 April 2017

Can vacant lands increase the housing market supply? Find a vacant land and start construction on it. Can you believe it could be so simple? And you ...Read more >>
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7676 Woobine Avenue Suite 300 Markham, ON L3R 2N2
2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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