Dr. Sherry Cooper Brent Shepheard 15 Jul
This is the latest post from Dominion Lending Centres, Chief Economist, Dr. Sherry Cooper HOUSE PRICE DECLINE ACCELERATED IN JUNE Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates has broadened. Home sales recorded over Canadian MLS® Systems fell by 5.6% […]
Read MoreDr. Sherry Cooper Brent Shepheard 20 Apr
This is the latest update from Dominion Lending Centres Cheif Economist, Dr. Sherry Cooper Holy Smokes! Canadian Inflation Is At 6.7% StatsCanada today reported that consumer prices rose a whopping 6.7% year-over-year in March, a full percentage point above the 5.7% reading the month before. Market-driven interest rates shot up on the news as […]
Read MoreDr. Sherry Cooper Brent Shepheard 13 Apr
This is the latest post from Dominion Lending Centres‘ Chief Economist, Dr. Sherry Cooper The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time in 22 years. This was a widely telegraphed action that will be followed by the US Federal Reserve […]
Read MoreMortgage Brent Shepheard 2 Apr
7 Closing Costs You Need To Budget For What are closing costs? Closing costs are an often overlooked expense in the home buying process, especially among first-time home buyers. Closing costs are in addition to your down-payment funds. Most lenders use a standard calculation of 1.5% of the purchase price to determine the closing […]
Read MoreDr. Sherry Cooper Brent Shepheard 17 Mar
This is the latest blog post from DLC Chief Economist, Dr. Sherry Cooper. Inflation Pressures Accelerating StatsCanada today reported that Canadian inflation rose 5.7% year-over-year in February, up again from the prior month’s 5.1% rise. This was the largest gain since August 1991 (+6.0%). This was no surprise, as the Ukraine War has stepped up […]
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