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This is the latest blog post from Dominion Lending Centres Cheif Economist, Dr. Sherry Cooper. BANK OF CANADA REMAINS ON HOLD, REVISING DOWN OIL MARKET OUTLOOK The Bank of Canada left the overnight benchmark policy rate at 1-3/4%, as expected. In another dovish...read more
The interest adjustment date (IAD) typically falls on the 1st day of the month following your mortgage closing date. The interest adjustment date is the period of time between the date the funds are advanced and the beginning of your first payment period. Typically, this forms part of your closing costs but not in all cases.read more
On July 19th, 2018, CMHC announced changes for self-employed borrowers qualifications. These changes will make it easier for self-employed Canadians to qualify for a mortgage. In the announcement, CMHC declared "Self-employed Canadians represent a significant part of...read more