I LOVE positive information!  Thank you Dr Cooper 🙂   More Green Shoots–Employment Rebounds 10.6% in May  The doomsayers have been proven wrong by this employment report and by the high-frequency data that have been pointing to the start of a rebound in Canada’s economic activity. We have been signalling green shoots in the economy […]

RULE UPDATE   HUGE CHANGE COMING FOR BUYERS ….. CMHC has made the below change effective July 1, 2020 .. if you or someone you know is buying with less than 20% down … this will reduce the amount you can borrow.  The average impact will be a 14-15% REDUCTION in maximum purchase price!   […]

Thank you Dr Cooper …. happy to hear some “positive” info for a change 🙂   On the heels of a devastating decline in the Canadian economy, the Bank of Canada suggested today that the worst of the pandemic’s negative impact on the global economy is behind us, conceding, however, that uncertainty remains high. The […]

Bank of Canada maintains target for the overnight rate, scales back some market operations as financial conditions improve FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario June 3, 2020 Available as: PDF The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is […]

Thank you for the insight Dr Cooper.  I personally appreciate her positive view on CMHC’s most recent press release as its does appear the market is bouncing back and that the initial “drops” are not as significant as originally expected …. still drops just the same, but we are a strong and resilient bunch!   […]

Great to see how one of our preferred lenders is managing the new World that COVID19 has presented, keep up the great work First National!   View this email in your browser First National and you: a progress report on what we accomplished together in Q1 As you know, it’s been almost two months since […]

Sales are still happening and there is activity … just less of it.  Here’s to hoping the market rebounds as quickly as it dropped.  See below from Dr Cooper.  Cheers!       Record Declines in Canadian Home Sales and Listings in April The pandemic shutdown has put every sector of the economy into a […]

Quick post to provide a link to our DLC Site that will provide updates and relevant information around COVID-19 in general and also for Homeowners.   Feel free to bookmark and check back regularly to get additional updated information as more details arise https://dominionlending.ca/covid-19/#         Bob Rees Mortgage Broker Powered by Maximal […]

Bank of Canada maintains overnight rate target and unveils new market operations FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario April 15, 2020 The Bank of Canada today maintained its target for the overnight rate at ¼ percent, which the Bank considers its effective lower bound. The Bank Rate is correspondingly ½ percent and the […]

Thank you to our Chief Economist, Sherry Cooper, for the below insight and breakdown of the Bank of Canada’s rate decision today.   Bank of Canada Stands Ready To Do Whatever It Takes On the heels of a devastating decline in the Canadian economy, the Bank of Canada is taking unprecedented actions. With record job […]