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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
2 December 2019

Canada's economy remains resilient, although there are reasons for the central bank to stay on hold

While the national economy does have its flaws, the resiliency will help it remain at the necessary level.

According to Statistics Canada, gross domestic product was up by 1.3% annually in Q3. Such results may weaken the recession fears, while strengthening the arguments of those who believe Canada has to improve competitiveness. The Bank of Canada says the economy can show 1.7% without overheating, so there’s definitely a lot of work.

So far, the BoC has been leaving the work to others, and it may continue. The GDP numbers give the Bank a reason to stay on hold.

The last BoC’s rate meeting this year is scheduled for December 4. During the previous meeting in October, the Governor Stephen Poloz pointed to worries about exports and business investment, so more attention should be paid to the factors supporting the economy, including consumer spending, housing and fiscal policy.

 
26 November 2019

Toronto real estate prices are expected to go up by 6% in 2020

The recent report by Re/Max says housing prices in Toronto are expected to go up by 6% in 2020, pushing the average cost at the resale market to $812,210.

During the period from January 1 to October 31, the average resale home price, including houses and condos, reached $766,236 in Toronto.

Re/Max points to strong local economy, high employment level and improved affordability as the main factors affecting their forecast of a Toronto price growth which exceeds the national expectations by 2%.

“Each time the numbers vary from 5% to 8%, it’s good for homeowners, as it helps them increase their equity”, - noted Christopher Alexander, executive vice-president and regional director of Re/Max.

In case of other Ontario markets which have shown prices gains in 2019, the trend may continue, but at a more modest pace. London, Ottawa and Windsor, where price increases were in the low double-digits, are expected to show 5%, 6% and 9% hikes, respectively.

 
22 November 2019

Real estate sales in October show an almost 13% annual increase

According to the Canadian Real Estate Association (CREA), home sales rose by 12.9% last month from a year ago.

CREA says sales activity was practically the same as in September, however the number still exceeded a six-year low seen in February by 20%. Now, housing sales remain 7% below the peak reported in 2016 and 2017.

 
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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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