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WHAT ARE CLOSING COSTS? Closing costs are an often overlooked expense in the home buying process, especially among first-time buyers. The expenses are in addition to your down-payment funds. Most lenders use a calculation of 1.5% of the purchase price in available...read more
Latest blog post from Cheif DLC Economist, Dr. Sherry Cooper It is no surprise that Canadian home sales activity slowed in January following a pulling-forward sales surge as homebuyers hurried to purchase before the mortgage rule changes in 2018. The January 1...read more
Canada's January Jobs Report showed a staggering loss of 88,000 jobs. This was the most significant drop in nine years and was attributed to a record 137,000 plunge in part-time work. Full-time employment gained 49,000 new jobs but wasn't enough to see the...read more