Thank you to our Economist for the below ….. some great insight!   HUGE DECLINE IN JOBS IN NOVEMBER AS JOBLESS RATE SURGES One month does not a trend make. Statistics Canada announced this morning that the country lost 71,200 jobs in November, the worst performance in a decade. What’s more, the details of the jobs report […]

Please see below from one of Lenders, First National.  Good insight and supports prime rate remaining unchanged for some time.  Thank you First National! Dec 2, 2019 First National Financial LP The Canadian economy continues to stubbornly support the Bank of Canada’s interest rate policy.  Market watchers are pretty much unanimous in their projections that […]

Dr Cooper always does such a great job explaining the complex information around prime rate and The Bank of Canada’s rate decisions 🙂  Thank you Dr Cooper!     Bank of Canada Holds Policy Rate Steady Amid Global Uncertainty It is rare for the Bank of Canada and the US Federal Reserve to announce rate […]

Thank you to my DLC partner Kelly from BC for the below breakdown, very informative!     Mortgage [ˈmôrɡij] NOUN With a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case […]

Thank you to our Chief Economist Dr Sherry Cooper!   The Canadian jobs market continued to surprise on the high-side–on track for one of its best years on record. This provides further confirmation to the Bank of Canada that additional easing in monetary policy is not necessary. The economy added 53,700 jobs in September, well […]

Some very interesting and thought provoking facts sourced from Equifax by one or our Lenders, First National.  Enjoy! Sep 16, 2019 First National Financial LP Ongoing affordability challenges and tougher mortgage qualification rules have homebuyers turning to alternative lenders, but some are also turning to alternative facts. A recent survey by credit monitoring service Equifax […]

This is a great indicator and the below also touches on Stress Test Impact and other variables, thank you Dr Cooper!   Housing resales rose for the sixth consecutive month in August as prices increased across the country. August marked the largest one-month gain in Canadian home prices in two years. Statistics released today by […]

Rates are still low and appear to remain so for a while still.  Thank you to our Chief Economist, Dr Cooper, for the below insight!   Bank of Canada Holds Overnight Rate Steady Amid Uncertainty The Bank of Canada held the target overnight rate at steady at 1.75% for the seventh consecutive decision date but […]

Great insight from my colleague Dave :  Thank you Dave! RAISE YOUR CREDIT SCORE IN 3 MONTHS While people often think of mortgage brokers when they are first time home buyers, we can help people in a variety of different ways. Recently Garrett LaBarre of Calvert Home Mortgages in Calgary shared a success story with […]

One item to take form Dr Cooper below is that Bond Yields are down ….. this means continued low fixed mortgage rates or perhaps even more reductions …… have a read below!   JOBS STALL FOR SECOND MONTH IN A ROW, BUT WAGE GROWTH SURGES The booming labour market in Canada seems to have vanished, […]