How precarious is the future? Some interesting insight from our friends at First National. Jun 1, 2020 First National Financial LP Canada’s big, national mortgage lenders are walking toward a “deferral cliff”.  That is the prediction from the head of Canada Mortgage and Housing Corporation, Evan Siddall. Siddall’s recent testimony to Canada’s parliamentary finance committee […]

  Great insight on the market today from Dominion Lending’s Chief Economist, Dr. Sherry Cooper. The hand-wringing about the Q1 GDP data released today misses the point that the data were actually better than expected. The Canadian economy declined at an 8.2% annualized rate in the first quarter, less harsh than the earlier estimate by StatsCan of […]

As always, some sound insight from our friends at First National May 25, 2020 First National Financial LP As the Canadian economy starts its slow walk back toward normalcy, or towards whatever the new normal is going to be, Bank of Canada Governor Stephen Poloz is calling out the doomsayers. With about a week to […]

Insight on current market conditions from our friends at First National.  May 19, 2020 First National Financial LP The latest statistics from the Canadian Real Estate Association are stark but they should not be surprising.  April sales hit a 36-year low, down nearly 57% from a month earlier and down almost 58% year-over-year. As with […]

Today’s update with valueable insight from Chief Economist Dr. Sherry Cooper. The pandemic shutdown has put every sector of the economy into a medically induced coma, so, of course, the housing sector is no exception. Data released this morning from the Canadian Real Estate Association (CREA) showed national home sales fell a record 56.8% in April, […]

This too shall pass… news and insight from Dominion Lending’s Chief Economist Dr. Sherry Cooper A Recession Like No Other The Canadian economy has been put in a medically induced coma. Never before in modern history have we seen a forced shutdown in the global economy so, not surprisingly, the incoming data for April is […]

Strong & stable news with insight from our friends at First National. May 4, 2020 First National Financial LP The Bank of Canada has a new Governor.  And it could be said that everything old is new again. Current Governor Stephen Poloz will step down, as scheduled, at the start of next month.  He will […]

Current market stats and how the market is adapting to the Covid situation from our friends at the Real Estate Board of Greater Vancouver. While Metro Vancouver home sale and listing activity remains limited by the COVID-19 situation, REALTORS® across the region are fast adopting new tools and practices to help advise and serve their […]

Some insight from our friends at First National. The national home sales numbers for March have been delivered by the Canadian Real Estate Association.  As expected, they show the promising start to this year’s spring buying season has come to an abrupt end. Earlier CREA released sales figures for Toronto and Vancouver, the country’s biggest […]

Kudos for the Bank of Canada for doing what needs to be done and for standing on guard as the situation continues. Full details from Dr. Sherrp Cooper, Chief Economist at Dominion Lending Centres On the heels of a devastating decline in the Canadian economy, the Bank of Canada is taking unprecedented actions. With record […]