Blog Articles
Who Is An Income-Qualified Borrower?
WHO IS AN INCOME-QUALIFIED BORROWER? An income-qualified borrower is someone with sufficient employment income to service their mortgage. The most important question for the lender is, "how will they repay this mortgage?" There are several ways a borrower can qualify...
What Is The B-20 Stress-Test?
Do You Understand the B-20 Stress Test? A recent survey shed light on the lack of knowledge surrounding the B-20 Stress Test. The B-20 Stress Test has been in place for more than a year. Surprisingly, 43% of Canadians are not confident they fully understand the...
March Home Sales Rebound From Slow February
This is the latest blog post from DLC's Chief Economist, Dr. Sherry Cooper MARCH HOME SALES SEE SLIGHT UPTICK Statistics released Monday by the Canadian Real Estate Association (CREA) show that national home sales edged higher in March following the sharp decline in...
Verifying Your Down Payment Source
Verifying Your Down Payment Source In recent months, money laundering has become a hotly debated topic. Investigators have been bringing to light vast sums of money from criminal activities used to purchase real estate. Focusing on British Columbia alone, estimates...
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...
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