We are full-service, full time, mortgage agents. Our ONE priority is to provide our valued clients with the very best mortgage solutions available in the Canadian market place. We understand that our clients have unique needs and circumstances, which is why we work with over 30 lending partners. This ensures healthy marketplace competition for your next mortgage. No more need to run from one bank to another, as we are your one point of contact, specifically sourcing your mortgage to meet your financial goals.
Along with providing great mortgage products, we value our reputation for honest service and transparency, and we are delighted to advise you on every detail of the mortgage process allowing you to make informed decisions about what is right for you and your family.
With over 25 years combined, in real estate and mortgage financing, we offer extensive industry experience. And should your circumstances be a bit more challenging and require “outside the box mortgage solutions” we understand that too, and we only want the opportunity to make it easier.
Employment increased by 35,000 in October
In October, employment rose for youth aged 15 to 24, while it was little changed for the core-aged population of 25- to- 54 year-olds, and for people 55 and older. The largest employment increase was in Quebec, followed by Alberta, Manitoba, Newfoundland and Labrador, and New Brunswick. At the same time, there was a decline in Saskatchewan.
Employment rose in several industries, led by other services; construction; information, culture and recreation; and agriculture. Employment declined in wholesale and retail trade.
The number of private sector employees increased in October, while public sector employment and self-employment were little changed.
Canadian home sales edge up again in October
According to statistics released by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago.
Newly introduced mortgage regulations mean that starting January 1st, all home buyers applying for a new mortgage will need to pass a stress test to qualify for mortgage financing, said CREA President Andrew Peck. This will likely influence some home buyers to purchase before the stress test comes into effect, especially in Canadas pricier housing markets. A professional REALTOR is your best source for information and guidance in negotiations to purchase or sell a home during these changing times.
Home sales via Canadian MLS Systems edged up 0.9% in October 2017 on the heels of monthly increases in August and September, but remained almost 11% below the record set in March.
National sales momentum is positive heading toward year-end, said Gregory Klump, CREAs Chief Economist. It remains to be seen whether that momentum can continue once the recently announced stress test takes effect beginning on New Years day. The stress test is designed to curtail growth in mortgage debt. If it works as intended, Canadian economic growth may slow by more than currently expected.