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Canadian GDP

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Special Feature with DLC Economist Dr. Sherry Cooper

Special Feature with DLC Economist Dr. Sherry Cooper

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 👇

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Population Control

Category: Education and Learning,

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...

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Here’s Why the Canadian Dollar Sucks So Much!

Category: First Time Buyer,

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...

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Pent Up Demand

Category: Education and Learning,

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,...

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BIG Insured Mortgage Rule Changes

Category: Education and Learning,

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...

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Analysis and Economic Update

Category: Education and Learning,

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,...

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Current Interest Rates & Economic Update

Category: Education and Learning,

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...

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Vancouver Housing Demand Set to Rise Amid Population Growth

Category: Education and Learning,Home Purchase,

Pent Up Demand 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...

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Prime Rate Cut Boosts Vancouver Home Affordability

Category: First Time Buyer,

What This Means For Affordability If someone wanted to get a variable interest rate mortgage, they would have to qualify at their contract rate plus 2.0% (this is called the “stress test”). Let’s take a...

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Canada’s Prime Rate Cut to 3.75% – Economic Update

Category: Education and Learning,Home Purchase,

Economic Update The Bank of Canada (BoC) decreased their prime lender rate 0.50% today from 4.25% to 3.75%. This jumbo rate cut was expected and we have now seen 4 consecutive rate cuts since June, although today’s...

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Current Fixed VS. Variable Analysis

Category: Education and Learning,

Let’s assume a $500,000 mortgage with a rate of 4.79% 3-year fixed versus a rate of 5.65% 5-year variable. Right off the bat, since we’re assuming a 0.5% decrease in October and a .25% decrease in December, we...