The House of Rising Rates

General Robyn McLean 20 Sep

Some great insight from our friends at REW and an excellent video commentary by REW’s Simon Bray House of the rising rates. What inflation and rising interest rates mean for your mortgage. By REW Editor Sep 14, 2022 You could define the last decade by a lot of things. The exact same superhero movie being released […]

Read More

WHAT EXACTLY IS THE MORTGAGE STRESS TEST?

General Robyn McLean 15 Sep

An excellent explanation of the Stress Test and why it’s important from our friends at Bridgewater Bank. Look no further than the recent interest rate hikes to understand why the mortgage stress test is so important. It protects the clients and the lenders if interest rates rise, and it’s in everyone’s best interest for the […]

Read More

Canadian Home Prices Fall Sharply in June

General Robyn McLean 15 Jul

Valuble insight into the recent changes affecting today’s real estate market fron Dr. Sherry Cooper, Chief Economist with Dominion Lending Centres.  House Price Decline Accelerated in June Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. Home sales recorded […]

Read More

Strategies to Sell in Today’s Market

General Robyn McLean 14 Jun

What to expect from a more balanced real estate market, from our friends at REW. What are Balanced and Buyers’ Markets?  A balanced market occurs when supply and demand are close to even. This is usually signaled by the sales-to-new-listings ratio (SNLR) which will land around 40-60%. In May, the SNLR in Toronto and the GTA […]

Read More

Bank of Canada increases its benchmark interest rate to 1.50%

General Robyn McLean 1 Jun

Some valuable insight on today’s Bank of Canada rate hike from our friends at Fist National. Bank of Canada increases its benchmark interest rate to 1.50% Today, the Bank of Canada showed once again that it is seriously concerned about inflation by raising its overnight benchmark rate to 1.50%. This latest 50 basis point increase […]

Read More

Canadian Inflation Beats Expectations

General Robyn McLean 19 May

Valueable insight from Dr. Sherry Cooper, Chief Economist at Dominion Lending. Canadian Inflation Shows No Signs Of Abating Inflation at 6.8% is unmitigated bad news. The Bank of Canada looks flat-footed again, having forecast that Inflation would be at least a full percentage point lower by now. What’s worse, inflation looks likely to rise again […]

Read More

Holy Smokes! Canadian Inflation Spikes to 6.7% in March

General Robyn McLean 20 Apr

Today’s look at the most recent economic data that affects the housing market in Canada from Dr. Sherry Cooper, Chief Economist at Dominion Lending.  StatsCanada today reported that consumer prices rose a whopping 6.7% year-over-year in March, a full percentage point above the 5.7% reading the month before. Market-driven interest rates shot up on the […]

Read More

Jump In Bank of Canada Policy Rate

General Robyn McLean 13 Apr

Valuable insight on today’s Bank of Canada rate hike annoucement from Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres.  Bank of Canada Hikes Rates by 50 BPs, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time […]

Read More

This housing cycle is ending. What’s next?

General Robyn McLean 6 Apr

Some valueable insight from Kevin Skipworth, Chief Economist at Dexter Realty The sales super cycle that the Metro Vancouver housing market has been in for two years is ending. It is nearly over in Fraser Valley, where March sales were down 22.5% from a year earlier and average prices dropped nearly 6% from February 2022, […]

Read More