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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
16 October 2019

September 2019 – Canada’s inflation reaches 1.9% due to lower gas prices

Last month, the annual inflation rate was 1.9%, marking the second month in a row without changes and staying close to the central bank’s target 2%.

According to Statistics Canada, price growth was again restrained by lower gas prices. Now, it’s been seven months that the inflation is at 1.9% or higher. Meanwhile, economists predicted 2.1% for the month, says Refinitiv.

The price trends on their own can’t affect the central bank’s decision on interest rates. The Bank of Canada’s next rate meeting is on October 30.

Statistics Canada says a 10% gasoline prices decline from a year ago kept influencing the overall inflation rate. In August, the annual decrease was 10.2%, following a drop by 6.9% in July.

 
15 October 2019

Canadian housing market shows a strong recovery

Last month, Canada showed another round of strong home sales and prices, reporting increases in most major markets.

According to the Canadian Real Estate Association (CREA), home sales were up by 0.6% in September, extending the latest hike which led to a 16% annual gain. The average real estate price went up by 0.5% last month and rose by 2.3% from four months ago. The largest sales and prices increases were seen in British Columbia, while only oil-producing regions saw declines.

The report coincides with other recent reports pointing to a full recovery of the real estate market following a decline at the start of the year. One of the reason for a strong rebound were lower mortgage rates. Strong housing results provide the central bank with one more reason (in addition to job gains) to keep the rates unchanged even when other countries tend to ease the policies.

 
14 October 2019

Happy Thanksgiving Day!

The holiday of Thanksgiving has been celebrated in Canada 1957. Traditionally, it’s held on the second Monday of October and represents the possibility to give thanks for the great harvest and many other good things that have happened during the year.

Thanksgiving Day is a national holiday in Canada so many people don’t work on the second Monday of October. Usually, they tend to use these three days of weekend for visiting their friends and relatives and spending the holiday together. As a rule, there are certain meals prepared for this special day. Earlier, they consisted of roast turkey, pumpkin, pecan nuts and corn ears. Nowadays, there may be many other meals, especially when the family is not of European origin.

 
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News

21 October 2019

The cannabis issue affects real estate sector Recently, a home in Winnipeg allegedly with hundreds of legally-grown cannabis plants inside was listed...Read more >>

18 October 2019

Is it possible to take dirty money out of Canada’s real estate market? Housing affordability in Canada has been one of the main issues of this year’s...Read more >>

17 October 2019

About 20% of Canadian homes are purchased by newcomers The recent report by Royal LePage shows that one in five homes in Canada are bought by newcome...Read more >>
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