An update on the Canadian real estate market from Dr. Sherry Cooper, Chief Economist for Dominion Lending.  The Slowdown In Canadian Housing Continued in June Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 8.4% nationally from May to June 2021, marking the third consecutive monthly decline. Over the same period, the […]

A review of today’s Bank of Canada announcement by Dr. Sherry Cooper, Chief Economist for Dominion Lending. Bank of Canada ‘On the Vanguard’ of Unwinding Stimulus The Bank of Canada raised its inflation forecast in the newly released July Monetary Policy Report (MPR), making it one of the most hawkish central banks in the world. […]

The Covid-recovery…insight and future outlook for our Canadian economy by Dr. Sherry Cooper, Chief Economist for Dominion Lending. This morning, Statistics Canada released the June 2021 Labour Force Survey showing employment rose 230,700 (1.2%) in June, rebounding from a cumulative decline over the previous two months of 275,000. Total hours worked were little changed. The national unemployment rate […]

Current housing market review by Dominion Lending’s Dr. Sherry Cooper. The Slowdown In Canadian Housing Continued in May Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 7.4% nationally from April to May 2021, building on the 11% decline in April. Over the same period, the number of newly listed properties fell 6.4%, and […]

Insight on the latest Bank of Canada announcement from our friends at First National. Jun 9, 2021 First National Financial LP This morning, in its fourth announcement of 2021, the Bank of Canada left its target overnight benchmark rate unchanged at 0.25%. As a result, the Bank Rate stays at 0.5%. It also provided somewhat […]

Some great insight on the increase of the stress-test in Canada from our friends at Zoocasa. How The New Stress Test Will Impact Home Buyer Affordability Across Canada  BY PENELOPE GRAHAM  June 1, 2021 in Infographics, Real Estate News, Toronto Real Estate, Vancouver Real Estate As of today, it’ll be a bit tougher for new and renewing mortgage borrowers to […]

Stay in-the-know on things that affect our economy and the rebound from Covid 19. Valuable information from Dr. Sherry Cooper, Chief Economist at Dominion Lending.  Canada’s Jobs Recovery Derailed By Third-Wave Restriction This morning, Statistics Canada released the May 2021 Labour Force Survey showing another contraction in employment, albeit not as dramatic as in April.  With […]

Great insight on our current economic rebound from Dr. Sherry Cooper, Chief Economist at Dominion Lending. Housing Drove the Economic Expansion in Q1 Yesterday’s Stats Canada release showed that the economy grew at a 5.6% annualized rate in the first quarter, after a revised 9.3% pace in the final quarter of last year.  That was somewhat below […]

Some great insight on market conditions from our friends at First National…and even more reason to get honest & informative advice when looking for mortgage financing!  In its latest look at the threats to the country’s financial system, the Bank of Canada puts household debt and imbalances in the housing market at the top of […]

Some great summer reno tips from Justin Kirby @ REW.   By Justin Kerby May 21, 2021 There are plenty of home renovations you can take on this summer, many of which can increase the value of your property. If your renovation attempts this spring didn’t quite go as planned, or if you’ve been putting them off […]