Real gross domestic product (GDP) for July was posted at an better-than-expected 0.3 percent, confirming that the economy rebounded in the third quarter from the contraction in the first half of the year. Although oil prices remain depressed and commodity prices in general have... [ more
As we head into the busy, autumn, real estate season Canada's housing market is showing itself to be largely balanced and stable.
Of course Vancouver and Toronto continue to exert undue influence on the national averages. In Toronto the average price of a detached, single-family home... [ more
Someone recently asked if I could describe the various penalties associated with breaking a mortgage prior to the maturity date.
Generally speaking, lenders usually use a 3 month interest penalty, or an Interest Rate Differential penalty (IRD). The penalty for breaking a fixed rate mortgage is... [ more
Julie Verhage, Bloomberg News | May 7, 2015
The last couple of weeks have proven to be quite interesting for bond markets around the world.
Major government debt markets including Germany, the U.S. and the U.K. have seen a dramatic sell-off, sparking stark jumps in bond yields.
Read more... [ more
Dominion Lending Centres Chief Economist Dr. Sherry Cooper Cautiously Optimistic After Bank of Canada’s April Rate Policy Announcement
April 15th 2015
Vancouver, BC - Following today's Bank of Canada’s announcement that it will hold overnight rates steady at 0.75%,... [ more
The Bank of Canada did NOT make any changes to the overnight rate at their meeting today...
Prime Rate remains at 2.85%
Cory Kline, AMP
Mortgage Planning Since 1998 - VOTED: Barrie's Best Mortgage... [ more
Rates remained unchanged this past week. The spring mortgage rate wars/specials have started.
Make sure you fully explore what product is best suited for individual circumstances. The so called “sticker price” may not be the best deal for you. Always make sure you have someone... [ more
Drawing conclusions: Will new CMHC premiums raise your mortgage payments?
Published Monday, Apr. 06 2015, 11:23 AM EDT
Canada Mortgage and Housing Corporation issues mortgage loan default insurance. The federal housing agency recently announced that as of June 1, 2015, it was... [ more
By Trish Balaberde, Christine Hawkins, Darwyn Sloat - Kelowna Capital... [ more
Ultra-low but, apparently, unstable interest rates have Canadians favouring fixed-rate mortgages over variable by a ratio of nearly 2-to-1.
A new survey, conducted by Nielson, for one of the country's big banks suggests 57% of homebuyers would pick a fixed-rate mortgage over variable,... [ more
Wow! With a 9% housing price increase over last year, Toronto is now Canada's first $1 million housing city (at least for detached homes). What does this mean for Torontonians?
Interestingly…This means that most first time home buyers and experienced home buyers in Toronto will... [ more
The Bank of Canada did not change their Prime Lending Rate at this mornings announcement.
Prime Rate holds at 2.85%
5 Year Qualifying Rate has been reduced to 4.74%
Next meeting with the Bank is on April 15, 2015... [ more
For Immediate Release
March 4, 2015
Vancouver, B.C.- Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres (DLC) was expecting the Bank of Canada to leave interest rates unchanged today in the wake of the surprising rate cut in late January. Governor Stephen Poloz signaled this... [ more
Interesting Article in Mortgage Broker News, written by James Henry/ Oct 30, 2014.
Vancouver hit by dramatic drop in house values
Hundreds of Vancouver homes are worth hundreds of thousands of dollars less now than they were a few months ago.
If you require guidance on current market... [ more
As expected there was no change in the Bank of Canada rate. Bank Prime remains at 3%
The article below is an excellent overview of yesterday's announcement.
The next meeting is on December 3, 2014
P.S.... [ more
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