Michelle Beet and Susan Cowling

Interesting article worth the read...

Canadian Inflation Falls To 4.3% y/y in March–Lowest Level Since August 2021 - Dominion Lending Centres Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne, however, much of the drop in inflation resulted from the steep monthly increase in prices in March one year ago...

Indicators beginning to show the market is rebounding. Message us if you need assistance with mortgage qualifications or are looking for the best mortgage advice available. Helping Canadians achieve their goals of home ownership and equity for retirement since 1995.

Condo buyers boomerang into Vancouver’s downtown

Renters as a percentage of the population is growing at a rate three times faster than home owners. Now approximately one third of Canadians are renters. Excellent read.

Comment: The inevitable rise of the permanent renter The percentage of Canadian renters has increased at three times the rate of homeowners over the past decade and shows no sign of slowing

We've seen a noticeable increase in activity by both Realtors and Mortgage Brokers over the past several weeks. If you need mortgage advice or would like to apply for the very best rates in Canada please let us know. We look forward to hearing from you!

Canadian Housing Appears To Be Close To Bottoming - Dominion Lending Centres Housing Market Could Be Poised For A Spring Rebound The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada that it would likely pause rate hikes for the first time in a year.....

These stats could lead to more rate hikes?

Blockbuster Canadian Jobs Report For February Throws Rate Pause Into Question - Dominion Lending Centres Canadian Labour Market Jeopardizes Rate Pause Today’s Labour Force Survey (LFS) for February was much stronger than expected, questioning how long the Bank of Canada’s rate pause can last. Following the 150,000 jobs gain in January, economists expected a small increase of 10,000 positions and a ...

Bank of Canada to hold rates steady at 4.50% through this year The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to economists polled by Reuters, who said the bank was more likely to sound a hawkish tone on March 8 than dovish as inflation remains a worry.

Excellent article on percent of mortgage holders by BC community. Shows the younger population and how they are much more likely to feel the effects of higher interest rates.

B.C.’s younger communities face growing pressure from rate hikes, data reveals Suburban and periphery cities have a higher number of mortgage holders, according to census data

Watch for rising interest rates to continue throughout 2022. With over 40 years combined experience in varying market conditions, we can provide sound advice for your mortgage decisions. Private message for more info!

Canadian CPI Inflation Surged to 7.7% - Dominion Lending Centres Canadian Inflation Surged to 7.7% In May Canada’s consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that the Bank of Canada is staring down the most dangerous burst of Inflation since it starte...

Bank of Canada raises the benchmark prime lending rate by .5%. The largest single day increase in 22 years. Private message if you need advice on your mortgage. With over 3 decades of experience in the mortgage industry we can help!

Out-Sized Jump In Bank of Canada Policy Rate - Dominion Lending Centres Bank of Canada Hikes Rates by 50 BPs, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time in 22 years. This was a widely telegraphed action that will be followed by the US Federal Reserve next month. […]