The latest news/blogs about Real Estate and Mortgage in Toronto Canada
Mortgage Rate Forecast 2020
Estimating the bank rate forecast won't be anything but a good educated guess. Doesn't matter how well educated or well-researched the economists are they can not come up with a perfect prediction about the banks rates for the future. Experience and knowledge combine might give a good idea about how bank interest rate might be in close future but not exact. That's why here we are inviting mortgage / Loan experts to share their view about the future of the bank rate.
Here in Iranian real Estate we will just offer you some facts about this matter. At the beginning of 2019 there was a prediction that the Bank rates will rise because of the improvement in Canadian economy but it's most likely the opposite. the Canadian Prime Rate hikes being on hold because of the unpredictable future and some experts think it might even drop a little more. Some major banks (like TD Canada Trust, CIBC and BMO) believe that the rate will drop by the end of 2019 and through 2020 but others like National Bank or Desjardins predicting unchanged prime rate till 2021. What is Bank Rate: The Bank Rate is the rate that each bank can borrow money from the Bank of Canada and that's what controls the Mortgage Rates, if the Bank Rate goes up the mortgage rates and variable rates will go up, so everything is based on the Canadian economy. If country facing recession then the Bank Rates will go down so as the Mortgage rates and …, if we will have a good economy then the Bank Rate will rise.
Are we facing recession in Canada in 2020?
Christian Lawrence (senior market strategist at Rabobank) believes that the Canadian economy will face recession in the second half of 2020. There's another look, Rachael Moir thinks In spite the fact that the global economy is at risk of a recession Canada might stay immune read more.
The recession and Canadian Bank Rates are very much depending on the global economy specially U.S. economy. U.S. election in 2020 plays a big role in Canadian economy. Since U.S. is Canada's biggest neighbor and there are big trade deals between the 2 country so the next president of the United State will play a big role on this
Mortgage Rate Forecast 2020
Flying from History to the FutureThe town's history belongs in reference to the farming communities in the area. It was formed by such communities in 1857. However, with time Newmarket successfully developed an industrial center and residential area as well. Upper Canada Mall, Southlake Regional Health Care, and the Main Street Heritage Conservation District are some of the primary noticeable landmarks of Newmarket.
A remark on Climate chillsNewmarket upholds its own unique humid continental climate. It goes through four different seasons throughout the year. This includes warm summer, humid summer, cold, snowy winter. Precipitation somehow remains persistent all the year.
Mentioning the DemographicsThe current (2020) population of Newmarket is estimated to be around 90,000. The proud town further breaks itself down to 52% males and 48% females. 64.4% of it's the overall population belongs to the age group between 18-64 years. Apart from that, around 71.4% of the Newmarket residents speak the English language. Although, other languages like Russian, Cantonese, Spanish, Tagalog, Arabic, Mandarin, Farsi, Italian, French, German are also spoken in the town.
The Newmarket EconomyBoth the Newmarket region as well as the York region beholds a very robust employment base. Newmarket is successfully featuring a very strong and diverse growing economy. Their elevating sectors include healthcare and knowledge sector, business services, manufacturing and retail services, etc.
The divine HeritageThe Newmarket has reflected a great heritage over the last 100 years. It acts as a vast hub of commerce and cultural activity. It takes pride to have many heritage sites and buildings followed by its historic thoroughfare and side streets. In the last 20 years, an abundant amount of investment (more than $70 million) has been made to preserve and renovate its unique heritage and its historic significance.
A word on EducationNewmarket has two school boards in its town which include the York Region District Board (YRDSB) and York Catholic District School (YCDSB). The former successfully operates four secondary schools and 15 elementary schools. The latter operates one secondary school and 6 elementary schools. There are also a few Christian schools and academies in the town.
The Glossy GovernmentThe present Mayor of the Newmarket is John Taylor (contact page). He was elected in October 2018 after Tony Van Bynen (2006-2018) Tom Vegh is the current Deputy Mayor and Regional Councillor of the town. The town is divided into a total of seven wards. Movement and Sports Newmarket has been home to many teams such as Newmarket Hurricanes, Newmarket Saints, Newmarket Royals, Newmarket Flyers, and Newmarket Redmen. The three main sports followed in the town are Golf, Swimming, and Curling.
If you already live in Newmarket or thinking about it, the following links might help you:
If you already live in Vaughan or thinking about it, the following links might help you:
The population growth of this city forced the boundaries to reach out to the neighbour cities and create the Greater Toronto Area or GTA. Here we are only talk about the City of Toronto itself.
Toronto is one of the most popular cities in Canada. It is the capital of Ontario. It is one of the populated cities in Canada. It is the fourth -most populated city in North America.
The current population of Toronto is a result of it's historical and current destination significance. Around 50% of the people living in Toronto surprisingly belong to a minority population group. Although the majority of the population speaks English, 160 other languages are also spoken in Toronto.
Toronto is a hub of art and culture as well. It is famous for its theatres, music, and television production. Also, Toronto is home to the Toronto Stock Exchange. It has the headquarters of Canada's five largest banks. It is strongly diversified in the parameters of the economy, finance and growth. It is famous for a number of things like design, life sciences, fashion, environmental innovation, tourism, technology, financial services etc.
More than 50% of the population in Toronto is Christian. Although, there is the presence of other religions as well as Catholics, Protestants, Christian Orthodox etc. Some other religions are also practiced in Toronto on a minority scale. Such other religions include Hinduism, Jainism, Judaism, Buddhism, Sikhism etc.
Toronto is governed by a mayor-council-system. It has a single-tier-municipality. The municipal government acts as per the City of Toronto Act. The mayor of Toronto is elected by the people.
Toronto is renowned as one of the safest major cities in North America. Toronto has a significantly low crime rate. The homicide and robbery rate in Toronto is very low.
Toronto consists of four public school boards in total. They provide elementary and secondary education. These school boards are mostly operated by TDSB (stands for Toronto District School Board). There are 451 elementary schools, 105 secondary schools, and five adult learning centers. In addition to that, there are five public universities in Toronto. 2 of them are located downtown like University of Toronto (UofT), Ryerson University. York University is the exception, and it is not located in downtown. Also, there are four diploma and degree colleges located in Toronto. Hence, it is true and fair to quote that "Toronto is a well-known education hub of Canada". Toronto is also famous for its public library which consists of 100 branches. Also, it has more than 11 million items in the collection.
Toronto is also great in terms of Health and Medicine. It has more than twenty public hospitals. Toronto also has a number of health-focused non-profit organizations.
If you already live in Toronto or thinking about it the following links might help you:
Aurora is another city which is very much liked by Iranian Community (after Richmond Hill).
Traveling from Aurora to the heart of the city of Toronto will take almost 38 mins drive using HWY, 52 mins using train, 49 mins if you use the bus. There is other alternatives to get to the downtown Toronto in rush hours which is small planes which lands and the very south of Toronto harbour front.
Aurora is served by schools from three publicly funded school boards: the York Region District School Board (English), the York Catholic District School Board (English Catholic), and Conseil scolaire de district catholique Centre-Sud (French-language Catholic).
The South east part of Aurora is subject to the Ontario Government Greenbelt which adds to the beauty of the town, beautiful protected nature provides a wonderful environment for the residents. The beautiful nature, parks and small lakes all over this city made Aurora one of the most beautiful city around GTA.
50km2 town has more than 46 parks with entertainment facilities, 57km Natural Trails which all maintained by the city on regular basis.
There are 2 public transportation systems service in Aurora, Go transit (Bus & Train), YRT (Bus).
Town of Aurora has a big potential to grow economically, so if you are looking to buy a property here, it might be a good idea as an investment or just to reside in this beautiful quite city.
Town of Aurora has lots of fun activities, educational programs and entertainment facilities to provide a healthy and fun environment for the people living in this beautiful town. If you are thinking about living in the Town of Aurora or already live in this beautiful city the following links would be very useful for you:
Richmond Hill is a beautiful quiet city with wide collection of activities, events and facilities which helps you to enjoy your free time.
Swimming, Skating are just a few things you can do in this city. Nice and safe activities for your kids like Sports Fields, Splash Pads for summer times, Tennis courts and beautiful Parks, Wonderful natural trails if you feel like hiking.
Richmond Hill Community Centers' perfectly managed lots of fun and education programs for free or a for a fraction of the cost for local residents.
Richmond Hill is one of the safest cities around Toronto which makes it a great home for families.
Richmond Hill is bounded by Bathurst Street from west, HWY 404 from east, HWY 7 from south and Bloomington Rd from north.
Richmond Hill is one of the cities which very much liked by Iranian people.
Because of the growing population most of the streets are expanding to multiple lanes to avoid traffic congestion.
If you already live in Richmond Hill or thinking about it the following links might help you: