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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

29 April 2019

New single-family homes are becoming more attractive

In March 2018, there were 295 new single-family homes sold in the Greater Toronto Area. Last month the number rose up to 886 sales.

Such an increase in single-family home sales is one of the positive signs, according to the Building Industry and Land Development Association (BILD) recent report including the latest new-home market data received from Altus Group.

It means that buyers are coming back to the market of new properties after high home prices took a pause.

26 April 2019

RBC says millennials still prefer big cities

While we often hear about people being pushed out of the largest Canadian cities by high home prices and growing rents, the recent report by RBC shows more young people are in fact moving in than leaving such cities.

The report investigates population growth for the 20-34 age category, known as millennials. Many worry that high real estate prices may push young people out of major cities and it could lead to a potential generational ghost town.

However, the report by RBC senior economist Robert Hogue doesn’t share this opinion.

"Vancouver, Toronto and Montreal aren't facing the loss of people in their main household-forming life stage," – he says.

According to him, those cities still attract young people: for every millennial who left the city, Toronto received 7 new citizens.

24 April 2019

Bank of Canada holds rate unchanged, Stephen Poloz did not rule out the chance of a rate cut

On Wednesday, the central bank kept its key lending rate unchanged and didn’t mention the previously noted plans for future increases. As a result, the markets believe a rate increase isn’t an option for some time.

According to the Governor Stephen Poloz, the Bank of Canada took a wait-and-see position, and he doesn’t exclude the possibility of a rate decline.

"In case we see another negative factor, it will be a reason to discuss a rate cut”, - he noted.

At the same time, the BoC believes rates are at the necessary level now, considering a more optimistic economic forecast for the rest of the year. In his opinion, more positive data is needed in order to make sure the outlook is right.

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21 May 2019

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20 May 2019

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17 May 2019

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