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Contact Information

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

6 July 2010

Pre-Approval Becomes More Popular
According to TD Canada Trust’s 2010 Home Buyers Report, 91% of home buyers are getting pre-approved.
It’s a great step forward – in 2007 it was only 62%.
The deal is that nowadays home buyers are more educated and informed concerning the pre-approval benefits. In addition to it, they are really worried about rising rates tendency and all the risk they can face in the end.

5 July 2010

Rates Will Keep Rising, But This Time Slower
According to a Bloomberg survey, the majority of Canadian economists expect the overnight rate to rise to 1.25% by the end of this year.
Today the overnight rate is 0.50%. Remember, that this rate influences the prime rate. And the prime rate impacts variable mortgage rates.
Here are some Big 5 banks quotations concerning interest rates now.

2 July 2010

Housing market trends - RBC and CIBC reports
According to the June’s RBC Canadian Consumer Outlook Index, 67% of Canadians believe the overall outlook for the economy is quite good. It is up from 54% in the last quarter. Moreover, fewer experience job anxiety – 20%, which is down 7% from last November.
Speaking about the future, 55% of Canadians are sure the national economy will improve during the next year. Yes, it’s down by 2% from March, but mostly only because of four regional decreases.

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16 January 2020

CREA predicts home prices growth in 2020 The latest report by the Canadian Real Estate Association (CREA) shows the national housing prices kept rebo...Read more >>

15 January 2020

Toronto saw a significant real estate prices increase in 2019 It looks like Toronto is on its peak of recovery following about 2 years of declines, c...Read more >>

14 January 2020

Business confidence in Canada is growing According to the recent poll by the Bank of Canada, business confidence has increased slightly due to weaker...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
© 2010 Michael Tulchenetskiy & Denys Derzhavets Mortgage Brokers. All Rights Reserved