Mortgage Resources

FHSA

Check out our deep dives in mortgage education and learn how to manage your home.

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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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...

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Mortgage Insurance Rule Change Details

Category: Education and Learning,

There are two new rule changes: First off, neither of these are in effect yet. The mortgage insurance application must be submitted on or after December 15, 2024. This means that in order to qualify for...

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 Economic Update

Category: Education and Learning,

So there’s really good news on the inflation front… The Consumer price index only rose 2% year over year in August, the slowest pace since February 2021, down from 2.5% in July 2024. Excluding mortgage interest, inflation...