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Posted by: Peter Carstensen
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 […]
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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 […]
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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 […]
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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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Inflation directly impacts your purchasing power. Now more than ever, Canadians want to be financially empowered. At Dominion Lending Centres, we rely on insights from our Chief Economist, Dr. Sherry Cooper, a 30-year industry veteran, speaker, and author. In the video link below, Dr. Cooper explains why Canadians should care about inflation. https://www.youtube.com/watch?v=r5YGf7ccOcY
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If you are wondering what maybe coming in the fall, here’s a recent article from economist Sherry Cooper. After fueling Canada’s economy through the COVID-19 pandemic, the real estate market is showing signs of weakness as home prices fall and bidding wars dissipate. It’s welcome news for prospective buyers hoping for a better price. But […]
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Finally Some Good News On The Inflation Front It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last month following its 1.3% spike in June. This reduced the year-over-year inflation rate to 8.5% from a […]
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Bank of Canada Shocks With 100 bps Rate Hike. A Super-Sized Rate Hike, Signalling More To Come Published by Sherry Cooper The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative tightening (QT), […]
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When it comes to shopping for your perfect home, it can be hard to find the exact one ready to go! If you are looking into a home that requires improvements, there is a mortgage product known as Purchase Plus Improvements (PPI). This type of mortgage is available to assist buyers with making simple upgrades, […]
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Did you know, approximately 60 percent of people break their mortgage before their mortgage term matures? While this is not necessarily avoidable, most homeowners are blissfully unaware of the penalties that can be incurred when you break your mortgage contract – and sometimes, these penalties can be painfully expensive. Below are some of the most […]
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