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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



HST - WHAT IS TAXABLE?

News
31 October 2019

August 2019 – Canadian economy rose by 0.1%

According to the recent report by Statistics Canada, the national economy showed only a 0.1% growth in August, affected by a recovery of manufacturing segment and an increase in services-producing industries. It’s slightly lower than specialists predicted.

Reuters survey shows that analysts expected a 0.2% gain, following no change in July. The report says 14 of the 20 industrial sectors showed increases, but 6 saw drops.

The results appeared after the central bank, which has been on pause since October 2018, kept its key lending rate unchanged this Wednesday once again, but cut its global growth forecasts because of strong international trade conflicts.

 
30 October 2019

Bank of Canada keeps its overnight rate unchanged

Today, the central bank left its key lending rate at 1.75%, just as many experts expected.

At the same time, the Governor Stephen Poloz noted that Canada hasn’t been unaffected by the consequences of a global economic slowdown.

According to Poloz, the worsening global situation is the main issue for Canada’s economy.

The Bank’s written statement says the outlook for the global economy has weakened again compared to July report.

"The continuing trade conflicts and uncertainty are slowing the growth of business investment, trade and global economy," - the Bank of Canada said.

That’s why it predicts slower economic growth for the second half of this year. The BoC expects 1.5% growth in 2019, 1.7% - next year, and 1.8% - in 2021.

 
29 October 2019

Toronto keeps showing growth in new home sales

Last month, new home sales kept rising in the GTA, pointing to a stable rebound of the area’s real estate market.

According to the Building Industry and Land Development Association (BILD), sales were up by 73% on a year-over-year basis. In addition to it, they rose by 6% from a 10-year average.

The sales in the segment of single-family homes (including townhomes, detached and semi-detached houses) went up by 283% annually to 954 units, remaining only 5% below the decade’s average and marking the 11th monthly increase in a row.

At the same time, condo sales rose by 39% from a year ago and reached 2,107 units, rising 12% above the 10-year average.

 
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News

11 December 2019

Mortgage stress test worsens housing supply issue and makes homes even less affordable Today, Canada is showing sustained economic and strong populat...Read more >>

9 December 2019

Next year could be crucial for some Canadian borrowers The recent report by TransUnion Canada says the outstanding credit card balances have exceeded...Read more >>

6 December 2019

Jobless rate in Canada reaches 5.9% Last month, Canada’s economy showed the largest monthly job loss since the financial crisis, raising the jobless ...Read more >>
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2180 Steeles Avenue West, Suite 204, Concord Ontario L4K 2Z5
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