Bank of Canada Peter Carstensen 26 Jan
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 MoreGeneral Peter Carstensen 20 Jan
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 Moreinflation Peter Carstensen 21 Dec
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 MoreHome Sales Peter Carstensen 16 Dec
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 MoreGeneral Peter Carstensen 12 Dec
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 MoreGeneral Peter Carstensen 9 Dec
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 MoreBank of Canada Peter Carstensen 7 Dec
On December 7 2022, the Bank of Canada raised interest rates as had been expected. Dominion Lending Centre’s Chief Economist, Dr. Sherry Cooper, shares her thoughts on the rate hike below. The Bank of Canada Hiked Rates The Full 50 bps The Governing Council of the Bank of Canada raised its target for the overnight […]
Read MoreBank of Canada Peter Carstensen 2 Dec
Following the release of the labour force survey for the month of November, Dominion Lending Centres’ Chief Economist, Dr. Sherry Cooper, has posted some thoughts on the report. Below is Dr. Cooper’s summary: Today’s Labour Force Survey for November will do little to assuage the Bank of Canada’s concern about inflation. While employment growth slowed […]
Read MoreGeneral Peter Carstensen 1 Dec
Canada Mortgage and Housing Corporation (CMHC) just released the latest available data on trends in the residential mortgage industry. The latest report provides insights into the evolving mortgage industry landscape and market trends using data from Q2 and Q3 2022. Here is a brief summary of CMHC’s findings: Mortgage Market Trends – Mortgage growth slowed […]
Read MoreGeneral Peter Carstensen 1 Dec
The Bank of Canada is widely expected to raise its benchmark rate yet again on Dec. 7 Mortgage brokers say homeowners with variable-rate mortgages will be squeezed even further next week, as the Bank of Canada is widely expected to raise the country’s key lending rate as part of its continued efforts to curb rapidly […]
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