Each Office Independently Owned & Operated
Posted by: Peter Carstensen
Update from Dr. Sherry Cooper: As expected, the central bank held the overnight rate at 4.5%, ending, for now, the eight consecutive rate increases over the past year. The Bank is also continuing its policy of quantitative tightening. This is the first pause among major central banks. Economic growth ground to a halt in the […]
Read MorePosted by: Peter Carstensen
If you are among the growing number of Canadians worried about the upcoming Bank of Canada announcement due out on March 8th, 2023, Dominion Lending Centre’s Chief Economist, Dr Sherry Cooper, has some insights. As Dr. Cooper states in the article posted below, “Bad news is good news for the Bank of Canada.” It may […]
Read MorePosted by: Peter Carstensen
Need an Appraisal? Here’s some tips for success. If you are looking to buy a home or want a current value of your property, you will need an appraisal. Before banks or lending institutions can consider loaning money for a property, they need to know the current market value of that property. The job of […]
Read MorePosted by: Peter Carstensen
New data was released the week of February 13th on January home sales across the country. What follows below is a summary of Dr. Sherry Cooper’s article on the housing data. December Housing Data Ended 2022 On A Weak Note The Canadian Real Estate Association says home sales in January were the lowest for the […]
Read MorePosted by: Peter Carstensen
Title Fraud Recent news stories have highlighted the dangers of real-estate title fraud, which occurs when fraudsters or scam artists steal ownership of a home to benefit from its value. CBC News recently reported on a number of cases in the province of Ontario. In one such case, the homeowners left Canada for work overseas […]
Read MorePosted by: Peter Carstensen
Canadians are reeling once again from another overnight rate hike. Here’s what Dominion Lending Centre’s Chief Economist, Dr. Sherry Cooper, says about the rate hike on January 25, 2023. No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A Pause As expected, the Bank of Canada–satisfied with the sharp decline […]
Read MorePosted by: Peter Carstensen
Read Dominion Lending Centre’s Chief Economist, Dr. Sherry Cooper’s thoughts on November 2022 inflation rate and mortgage costs. The Bank of Canada Won’t Like This Inflation Report! November’s CPI inflation rate fell only one tick to 6.8%, despite gasoline prices falling. This follows a two-month reading of 6.9%. Excluding food and energy, prices rose 5.4% […]
Read MorePosted by: Peter Carstensen
The Canadian Real Estate Association released statistics for the month of November on December 15th. Here are Dominion Lending Centre’s Chief Economist, Dr. Sherry Cooper’s thoughts on the future of home sales in the country. Another Month, Another Dip in Housing Statistics released today (December 15, 2022) by the Canadian Real Estate Association (CREA) show […]
Read MorePosted by: Peter Carstensen
The recent Bank of Canada’s rate hike has many Canadian’s asking for advice about variable versus fixed mortgage rates. What may work for one person may not work for another. In May of this year, Dominion Lending Centre answered some common questions. Let’s take another look at the article below. The Rate Debate One […]
Read MorePosted by: Peter Carstensen
As we head into another holiday season and with the uncertainty of what lays ahead many Canadians are looking to how they can weather the current financial pressures they may be under. 2022 has been nothing but bad news financially for most Canadians. Our stock portfolios are worth a lot less, everything we buy costs […]
Read More