Market update by Dr. Sherry Cooper, Chief Economist Dominion Lending Centres October Data Confirm That Housing Is in Full Rebound Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the eighth consecutive month. Activity held steady in October at the relatively robust September pace following a string […]

Excellent advice from our friends at Home Trust Every November, a spotlight is shone on financial literacy in Canada, encouraging consumers to take charge of their finances. Financial Literacy Month is an ideal time for people to consider their financial health and educate themselves about such topics as creating a budget, borrowing responsibly and avoiding overextending their […]

Some great insight into Canada’s interest rate environment from our friends at FNat! Nov 11, 2019 First National Financial LP The Bank of Canada has remained – somewhat defiantly – on the sidelines yet again, but it is feeling the pressure to get back into the game and one obstacle has now been removed. The […]

Some food for thought from our friends at First National.  Canadians put a high priority on paying off their mortgage debt – sometimes maybe a little too high. Paying off debt is always a good move.  Wanting to be mortgage free is a laudable goal.  Making it your only goal may not be as sound. […]

From our friends at Zoocasa, the latest news & insight on interest rates. The Bank of Canada has opted to hold its trendsetting interest rate at 1.75% in its October announcement. It is the eighth month in a row the central bank has chosen to leave its rate untouched, making it increasingly an outlier among developed nations; as global […]

Some great tips for choosing the neighbourhood that’s right for you & your family when you’re buying a home,  from our friends at Zoocasa. It’s tough to know which neighbourhood you should settle down in. In large cities, you might have dozens of options, each with their own pros and cons. Before considering a number […]

Current market update by DLC’s Chief Economist DR. Sherry Cooper Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the seventh consecutive month. Activity rose another 0.6% month-over-month in September to 512,000 units (seasonally-adjusted and annualized). This was the highest level in 21 months and 6.6% above […]

Some great insight on the realities of renting out part of your home to help with your mortgage from our friends at FNAT. With high prices and tougher qualifying requirements home buyers continue to explore the viability of renting out part of their home as a way to boost income or subsidize mortgage costs. It […]

Some great advice from our family at DLC lending centres. If you’re credit challenged but want to get into the housing market, it can be a tough road to hoe. But improving your credit to a point where a lender will give you chance, is very doable. First, I won’t bore you with the detailed […]

  If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying with your current lender, you wouldn’t be alone. According to the Canadian Mortgage and Housing Corporation’s (CMHC) Residential Mortgage Industry Report released in the summer, in 2018, the number of mortgage renewals with the same […]