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A rare opportunity from Chief Economist Dr. Sherry Cooper of Dominion Lending Centres, sharing her outlook on inflation, interest rates, world events, and the housing market. Watch the full video 👇
Category: First Time Buyer,
Vancouver’s real estate market is among Canada’s most competitive, making it vital to secure the best mortgage. A mortgage broker like Pinsky Mortgages saves time, money, and stress for first-time buyers, refinancers, and investors. What...
Category: Education and Learning,
We are all concerned and confused. I mean, what the heck is going on? There’s an uncertainty index that tracks uncertainty in the market. We’re actually higher now in uncertainty than we were during Covid...
The U.S. may impose tariffs on Canadian goods starting March 4, including a 10% tariff on oil and 25% on other imports, with additional tariffs on aluminum and steel starting March 12. If this happens,...
Big news coming out of the BC government: the UBC SkyTrain extension is officially one of the top priorities. This project, which will extend the Millennium Line from Arbutus to UBC, has major implications for...
Let’s talk a bit about the immigration announcements that the Government of Canada has proposed. If in fact they are realized, they would have a profound effect on the economy, because new Canadian residents do spend money, and...
The Canadian Dollar is now at its lowest point in a while and analysts predict it could fall below 70 cents US in the coming months. I just went to Portland with a few buddies for a boys...
It’s really important to note that Canada’s population grew by 3.3%. This is much stronger than every other OECD country. The surge in population growth is primarily from new permanent residents, temporary foreign workers and students. However,...
Canada just came out with three new insurance rule changes. These rule changes all help buyers with affordability (higher purchase prices). All of these changes are in play as of December 15th. Mortgage application submissions for any new insurance...
The Bank of Canada (BoC) decreased their prime lending rate 0.50% at the end of October from 4.25% to 3.75%. This jumbo rate cut was expected and we have now seen 4 consecutive rate cuts since June,...
Summary: Fixed interest rates have been decreasing steadily over the past two months. At the same time, the variable rates have decreased with the prime rate decreasing but the “discounts” off of the prime rate...