Current housing market review by Dominion Lending’s Dr. Sherry Cooper. The Slowdown In Canadian Housing Continued in May Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 7.4% nationally from April to May 2021, building on the 11% decline in April. Over the same period, the number of newly listed properties fell 6.4%, and […]

Insight on the latest Bank of Canada announcement from our friends at First National. Jun 9, 2021 First National Financial LP This morning, in its fourth announcement of 2021, the Bank of Canada left its target overnight benchmark rate unchanged at 0.25%. As a result, the Bank Rate stays at 0.5%. It also provided somewhat […]

Some great insight on the increase of the stress-test in Canada from our friends at Zoocasa. How The New Stress Test Will Impact Home Buyer Affordability Across Canada  BY PENELOPE GRAHAM  June 1, 2021 in Infographics, Real Estate News, Toronto Real Estate, Vancouver Real Estate As of today, it’ll be a bit tougher for new and renewing mortgage borrowers to […]

Stay in-the-know on things that affect our economy and the rebound from Covid 19. Valuable information from Dr. Sherry Cooper, Chief Economist at Dominion Lending.  Canada’s Jobs Recovery Derailed By Third-Wave Restriction This morning, Statistics Canada released the May 2021 Labour Force Survey showing another contraction in employment, albeit not as dramatic as in April.  With […]

Great insight on our current economic rebound from Dr. Sherry Cooper, Chief Economist at Dominion Lending. Housing Drove the Economic Expansion in Q1 Yesterday’s Stats Canada release showed that the economy grew at a 5.6% annualized rate in the first quarter, after a revised 9.3% pace in the final quarter of last year.  That was somewhat below […]

Some great insight on market conditions from our friends at First National…and even more reason to get honest & informative advice when looking for mortgage financing!  In its latest look at the threats to the country’s financial system, the Bank of Canada puts household debt and imbalances in the housing market at the top of […]

Some great summer reno tips from Justin Kirby @ REW.   By Justin Kerby May 21, 2021 There are plenty of home renovations you can take on this summer, many of which can increase the value of your property. If your renovation attempts this spring didn’t quite go as planned, or if you’ve been putting them off […]

Understanding what’s happening in the real estate market from Dr. Sherry Cooper, Chief Economist at Dominion Lending. Starting to See a Slowdown in Canadian Housing The Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 12.4% nationally from March to April 2021. Over the same period, the number of newly listed properties fell 5.4%, and the MLS […]

Some invaluable tips from my friends at DLC. By Dominion Lending Centres Apr 7, 2021 Buying a home is one of the largest investments you will ever make! In order to make your home hunting experience the best it can be, there are a 5 house hunting mistakes to avoid and be aware of before you […]

The Canadian jobs market review from Dr. Sherry Cooper, Chief Economist at Dominion Lending Centres. Canada’s Jobs Recovery Impaired by Third-Wave Virus Restrictions This morning, Statistics Canada released the April 2021 Labour Force Survey showing a major deterioration in the jobs market following the third-wave Covid containment measures. Employment fell by 207,100 (-1.1%) in April, and the unemployment […]