Blog Articles
Federal Budget Released – What You Need To Know
The Federal Budget was released this week and the early results are mixed. Due to a severe lack of sales activity, borrowers were hoping for some relief of the B-20 Guidelines and the stress test. The budget announced two changes that relate to mortgage financing....
February Jobs Report Remains Strong, But Slump Continues
Latest insight from DLC's Chief Economist, Dr. Sherry Cooper on February's Jobs Report The employment report is the lone bright spot in an economy that has slumped across the board. According to today’s jobs report from Statistics Canada, the economy added 55,900 net...
BC Speculation Tax – What You Need To Know
2019 Brings New BC Speculation Tax The BC NDP Party campaigned on making housing affordable for local British Columbians. Finance Minister, Caroline James, outlined their 30-point plan to tackling housing affordability. This plan calls for new regulations and laws,...
What Is A Mortgage Transfer/Switch?
What Is A Mortgage Transfer/Switch? A mortgage transfer/switch is when you decide to transfer your mortgage from your current lender to a new lender. The most common reason for this is to take advantage of a lower interest rate. Your outstanding mortgage balance will...
7 Tips For Improving Your Credit Score
Have you ever wondered how your credit score is calculated? What causes your score to go up or go down? Most Canadians have no clue. Over the years, I have seen hundreds of credit reports and put together a list of 7 tips to improve your credit score. WHY ARE CREDIT...
Bank of Canada Holds Rates, Revises Growth Down
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...
