Current market conditions are indicative of what’s to come until the Covid-19 virus is behind us. We take a close look with DLC’s Chief Economist Dr. Sherry Cooper. Data released this morning from the Canadian Real Estate Association (CREA) showed national home sales fell 14.3% on a month-over-month (m-o-m) basis in March, the first national […]

Some great insight from our friends at First National.  Apr 13, 2020 We have been receiving a lot of unsettling economic data lately. Coming out of February, unemployment stood at 5.6% and nearly 250,000 jobs had been created in the previous 12 months.  By the end of March, nearly a million jobs had disappeared.  The […]

Kevin Skipworth, Managin Broker/Partner at Dexter Realty is someone who I respect & admire; he’s a hard-working numbers guy who always adds his own thoughtful insight to anything he shares. I thought I would share with you his most recent look at the state of the industry in our market. Sta safe everyone.  “Our patience […]

Valuable insight aimed at helping us all to understand more as we navigate through this difficult time from DLC’s Chief economist, Dr. Sherry Cooper Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. […]

From DLC’s Chief Economist, Dr. Sherry Cooper. Important steps towards our financial recovery!  The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial […]

The last two weeks have ushered in a time of financial and public health uncertainty that’s unprecedented for many Canadians. As governments enact measures to keep the public safe from COVID-19 community spread, with the closing of schools, small businesses, and other non-essential services, many are questioning what the economic impact will be for all, […]

Some valuable information if you’re a renter right now struggling to pay your rent due to the Covid-19 pandemic. If you are renting in Canada currently, you may be facing some uncertainties about your future amid the COVID-19 pandemic – especially with the start of a new month on the horizon. Provincial governments are currently […]

Stay safe everyone and don’t hesitate to call me if you have questions or need assistance. Good information from the leaders at DLC! At Dominion Lending Centres, we are deeply concerned about the Coronavirus – and we know you are too. Our thoughts and prayers go out to all the families and front line workers […]

Information is power, particulary in such tumultuous times. DLC’s Chief Economist Dr. Sherry Cooper offers her insights.  Fed Cuts Overnight Rate One Percentage Point But Markets Plummet In an unprecedented Sunday afternoon meeting, the US Federal Reserve cut their key policy rate by 100 basis points (bps) to a level of 0%-to-0.25% (see chart below). […]

Some good tips on keeping your family safe at home from our friends at REW. Taking steps to combat COVID-19 are habits for year-round health By Catherine Musgrove Mar 13, 2020 COVID-19 or the Coronavirus is undoubtedly challenging to ignore. It is the topic of conversation with every social encounter, and it is the leading news […]