The latest on the Canadian business outlook from Dr. Sherry Cooper, Chief Economist at Dominion Lending. The Bank of Canada released its Summer Business Outlook Survey (BOS)* this morning, covering an interview period from mid-May to early June. In all provinces and all sectors, the sentiment was hugely negative owing to the impact of the pandemic and […]

Insight on current market conditions from DLC’s Chief Economist Dr. Sheppy Cooper. Modest improvement in consumer confidence showing in May but challenges prevail. The pandemic shutdown put every sector of the economy into a medically induced coma, so it was no surprise that the first full month of lockdown would be ugly. Indeed, consensus estimates were […]

Insight from Dr. Sherry Cooper, DLC’s Chief Economist on the first remarks by BoC Governor Tim Macklem. Covid-19 and our recovery in future is first priority. There were no surprises this morning from Governor Macklem’s virtual presentation to the Canadian Clubs of Canada. His opening written statement was quite brief and it was followed up with […]

Dr. Sherry Cooper, Chief Economist at Dominion Lending offers valuable insight into what is to come after Covid-19 None of us has any experience in dealing with a medical emergency that has become an economic crisis, and none of us knows how long this will last or how the end game will play out. I […]

The recent changes announced by the CMHC continue to be debated and the source of much discussion. Some insight from our friends at First National. Jun 15, 2020 The new insurance rules put in place by Canada Mortgage and Housing Corporation still have lenders, borrowers and brokers wondering what is going to happen.  There is […]

Some great insight on current market conditions from Dr. Sherry Cooper, Chief Economist, Dominion Lending. There was good news today on the housing front. Home sales surged by a record 56.9% in May from April’s unprecedented collapse. Data released this morning from the Canadian Real Estate Association (CREA) showed national home sales recovered roughly one-third […]

In response to the CHMC announcement last week… GENWORTH MI CANADA INC. CONFIRMS THAT IT DOES NOT PLAN TO CHANGE ITS UNDERWRITING POLICY June 8, 2020 TORONTO, June 8, 2020 /CNW/ – Genworth MI Canada Inc. (the “Company“) (TSX: MIC) confirms that it has no plans to change its underwriting policy related to debt service ratio […]

Valuable insight on the CMHC changes confirmed yesterday given by Chief Economist at DLC, Dr. Sherry Cooper. Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less than a 20% down payment. Any potential home buyer with less than a 20% down payment must purchase default […]

The CMHC is changing the rules on qualification for purchasers with less than 20% down. How does this effect you and will the others follow suit? This is important information if you’re looking to purchase a home. Helpful details from our friends at First National.  The COVID-19 pandemic is affecting all sectors of Canada’s economy, […]

Analysis of today’s Bank of Canada announcement from Dr. Sherry Cooper, Chief Economist for Dominion Lending. On the heels of a devastating decline in the Canadian economy, the Bank of Canada suggested today that the worst of the pandemic’s negative impact on the global economy is behind us, conceding, however, that uncertainty remains high. The […]