All eyes were on Ottawa this week as the new government unveiled its first budget. Deficits of roughly $30 billion are due in coming years, with about half the borrowing resulting from new government spending plans: ~ In addition to tax changes and the new Canada Child Benefit, sizeable spending is planned for affordable and […]

Now that spring has sprung, it’s a perfect time for your annual mortgage health check-up. If you make time for a quick review each spring, it may yield you some fruitful financial savings.   Your 2016 home loan review will examine the most common potential monthly savings opportunities, including high-interest credit card debt or fixed […]

Dec 11, 2015: Today Finance Minister Bill Morneau announced changes to down payment requirements. Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from five per cent to 10 per cent for the portion of the house price above $500,000. We note that the 10% requirement does represent a graduated […]

  1.  This is now the lowest prime rate we have seen since 2009.   There have been two prime rate reductions already this year. 2.  The banks don’t always respond and reduce their Bank Prime Rate.  They pocket the difference as a profit when…  (read more)  https://dominionlending.ca/news/five-things-to-know-about-the-bank-of-canada-ratecut/

The Bank of Canada cut its overnight rate target by 25 basis points to an historically low 0.5 percent today. The loonie immediately plunged to 77.5 cents U.S., down a full cent. The disparity between monetary policy in Canada and the U.S. is especially evident today as Janet Yellen, Chair of the Fed, is testifying before Congress […]

Today in economic news – there is a hint that Government will lower BoC interest rate by .25 basis points as forecasts indicate Canada is on the margin of recession, partially due to low trade between other countries. *July 15th is the next scheduled Monetary Policy Report and Interest Rate Announcement.  

As was widely expected, the Bank of Canada left overnight rates unchanged at 0.75 percent and reiterated earlier comments about the likely trajectory of the Canadian economy. The Bank is more optimistic about the economy than private sector forecasters, believing that a rebounding U.S. and global economy will spur Canadian business investment and exports in coming months. […]

CMHC to Increase Mortgage Insurance Premiums OTTAWA, April 2, 2015 — As a result of its annual review of its insurance products and capital requirements, CMHC is increasing its homeowner mortgage loan insurance premiums for homebuyers with less than a 10% down payment. Effective June 1, 2015, the mortgage loan insurance premiums for homebuyers with […]

Why Are Bond Yields Rising? Will Mortgage Rates Follow? Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped […]

Dr. Sherry Cooper & DLCLOTS of media coverage today!  Today at 3:15pm MT  (2:15pm PT / 5:15pm ET) the Alberta Government will be releasing their provincial budget and an hour before that, Quebec makes their budget presentation. There is A LOT of attention on these budgets so it makes sense that the media is looking to speak with […]