The last five months have been full of surprises, especially in the Canadian housing market. The great news is that there is a strong surge that has been observed in sales after the spring slump, and this growth seems to be gaining strength as we move into fall. Homeowners are happy with their purchases and […]
What a year 2020 has been for the marketplace: massive job losses, an erratic stock market, and low interest rates caused by the pandemic have some Canadian seniors thinking about getting a reverse mortgage. Since March, reverse mortgage borrowers racked up an extra $113.04 million in reverse debt, which is about 30% lower than the […]
The financial hardships due to COVID-19 have become very real for business in Ontario. Statistics Canada indicates that the pandemic has led to a significant in crease in business closures, and a decrease in business openings. In April 2020 business closures were more than twice than what was observed in April 2019, and openings fell […]
Greater Toronto is following a current North American wide trend – flight to the suburbs. There’s been a surge of real estate sales, and this is due largely to the detached suburban segment. Suburban inventory is becoming significantly tighter compared to last year. Greater Toronto real estate is seeing a big jump in sales, and […]
Many people who make a living in Vancouver cannot afford to buy a detached home in the city. Like in many larger cities, people will commute to the suburbs, where freestanding houses cost less. It appears that there have been some shifts in the Vancouver Market, and Matrix Mortgage Global was curious as to exactly […]
Small (new) to medium businesses in Canada are significant contributors to the economy of the country. Covid-19 has made it difficult for small to medium businesses to thrive the way they would if the economy was stronger, so the federal government has brought in various programs to nurture the growth of these businesses. The team […]
In a report on Thursday, the Canada Mortgage And Housing Corporation looked at the state of the mortgage market in Canada. This year’s numbers, as is the case with just about everything else, was viewed through the prism of COVID-19. One crucial aspect was identified; more than three-quarters of a million Canadian homeowners have either […]
CANADIAN UNITED IS CURRENTLY ACCEPTING APPLICATIONS FROM SMALL BUSINESSES FOR A RELIEF GRANT UP TO $5,000.00 Royal Bank of Canada, ‘Corporate Canada’, Business Associations and Major Media Partners have teamed up to start the #CanadaUnited campaign, a nationwide small and local business campaign encouraging Canadians to buy local. In support of small and local businesses on […]
It cannot be denied; Canadian companies are facing critical challenges. These challenges have not gone ignored. At the beginning of September, the Federal government announced the extension of two pandemic support programs for businesses. The programs have been set up to help business owners develop their resilience and find new opportunities utilizing: expert advice, insurance […]
“Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more balanced, which was reflected in a […]
