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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
14 February 2020

Immigration remains one of Canada’s real estate market drivers

According to DLC chief economist Sherry Cooper, the pace of immigration to Canada (the fastest among the G7 countries) is causing a significant housing activity.

Cooper says the housing demand also transforms into a stronger need for construction workers and electricians – industries that face a growing number of immigrants.

Statistics Canada says almost half of all newcomers in the year ending September 30, 2019 came to Ontario. It’s about 209,200 immigrants. Meanwhile, 89,400 chose Quebec and 65,000 went to British Columbia.

“The Bank of Canada points to it suggesting that the economy will keep growing in 2020 and 2021. Of course, it’s good news for the real estate markets in these provinces,” - Cooper noted.

 
13 February 2020

CIBC senior economist believes the GTA housing market is more stable now than in 2016

During the 2020 Outlook on the Housing Market, a CIBC senior economist and executive director Royce Mendes gave a speech concerning the possible future of Toronto housing. The event, organized by Sotheby’s International Realty Canada agents Paul Maranger and Christian Vermast, paid particular attention to the current state of Toronto’s real estate market and compared it to the excessive activity of 2016-17.

“Although there has been talk about Toronto market moving towards a bubble, it’s an unlikely scenario”, - Mendes noted. “Today’s market is much more sustainable than in 2016, that’s why it’s in less danger of a boom and bust cycle.”

Mendes was asked why he was so sure about his assessment in spite of Toronto housing prices going up for months after about a year of minimal growth. He pointed to a decline in speculative buying which has led to introduction of the mortgage stress test and tax on foreign buyers earlier.

 
12 February 2020

More than half of Canadians worry about lack of retirement savings

The recent poll by Scotiabank shows that more than half of respondents worry about financial pressure making them keep working after they retire.

According to the survey, the average Canadian plans to retire at 64 years old, and 6% don’t intend to do it at all.

Concerns about losing their financial independence disturb 59% of respondents. Meanwhile, 53% worry they will need to keep working after retirement, says Scotiabank Investment Poll, that surveyed 1,012 people during the period from January 25 and February 3.

 
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News

20 February 2020

GTA home buyers will prefer detached houses The recent report by the Toronto Residential Real Estate Board (TRREB) shows that a large part of potenti...Read more >>

19 February 2020

January 2020 – housing market supply shrinks, while prices go up The recent report by the Canadian Real Estate Association (CREA) suggests we may fac...Read more >>

18 February 2020

BREAKING NEWS! Mortgage stress test change is coming! Today, Minister of Finance, Bill Morneau, stated there will be changes to the benchmark rate us...Read more >>
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