28 Feb

Need an Appraisal?

General

Posted by: Peter Carstensen

Need an Appraisal? Here’s some tips for success. If you are looking to buy a home or want a current value of your property, you will need an appraisal. Before banks or lending institutions can consider loaning money for a property, they need to know the current market value of that property. The job of […]

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16 Feb

Canadian Housing Market Remains Weak

Home Sales

Posted by: Peter Carstensen

New data was released the week of February 13th on January home sales across the country. What follows below is a summary of Dr. Sherry Cooper’s article on the housing data. December Housing Data Ended 2022 On A Weak Note The Canadian Real Estate Association says home sales in January were the lowest for the […]

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9 Feb

Title Fraud. What is it? How can you protect yourself and your property?

General

Posted by: Peter Carstensen

Title Fraud Recent news stories have highlighted the dangers of real-estate title fraud, which occurs when fraudsters or scam artists steal ownership of a home to benefit from its value. CBC News recently reported on a number of cases in the province of Ontario. In one such case, the homeowners left Canada for work overseas […]

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26 Jan

Bank of Canada raises policy rate by 25 bps to 4.5%.

Bank of Canada

Posted by: Peter Carstensen

Canadians are reeling once again from another overnight rate hike. Here’s what Dominion Lending Centre’s Chief Economist, Dr. Sherry Cooper, says about the rate hike on January 25, 2023. No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A Pause As expected, the Bank of Canada–satisfied with the sharp decline […]

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21 Dec

Canadian Inflation Disappointingly High in November.

inflation

Posted by: Peter Carstensen

Read Dominion Lending Centre’s Chief Economist, Dr. Sherry Cooper’s thoughts on  November 2022 inflation rate and mortgage costs. The Bank of Canada Won’t Like This Inflation Report! November’s CPI inflation rate fell only one tick to 6.8%, despite gasoline prices falling. This follows a two-month reading of 6.9%. Excluding food and energy, prices rose 5.4% […]

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16 Dec

Canadian Home Prices Fell For the Ninth Consecutive Month As Activity Slowed

Home Sales

Posted by: Peter Carstensen

The Canadian Real Estate Association released statistics for the month of November on December 15th. Here are Dominion Lending Centre’s Chief Economist, Dr. Sherry Cooper’s thoughts on the future of home sales in the country. Another Month, Another Dip in Housing Statistics released today (December 15, 2022) by the Canadian Real Estate Association (CREA) show […]

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12 Dec

The Rate Debate – Fixed or Variable? What is Right For Me?

General

Posted by: Peter Carstensen

The recent Bank of Canada’s rate hike has many Canadian’s asking for advice about variable versus fixed mortgage rates. What may work for one person may not work for another. In May of this year, Dominion Lending Centre answered some common questions. Let’s take another look at the article below.   The Rate Debate One […]

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9 Dec

Financial Mistakes to Avoid in Today’s Economy

General

Posted by: Peter Carstensen

As we head into another holiday season and with the uncertainty of what lays ahead many Canadians are looking to how they can weather the current financial pressures they may be under. 2022 has been nothing but bad news financially for most Canadians. Our stock portfolios are worth a lot less, everything we buy costs […]

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