Archive of All Posts

24 Sep
2020

How to Support Your Family Without Jeopardizing Your Retirement

Sep 24th, 2020 | Posted in: Blog Posts, News

Posted by: Agostino Tuzi

HomeEquity Bank - National Partnership Director, Mortgage Brokers

According to a study by Finder.com, 67.7% of Canadian parents assist their adult children financially. This may include helping them with rent (29.3%), handing out cash (38%), or contributing to larger purchases such as a down payment on a house (21%). Another reason why you may be helping out family members right now is the Read More

23 Sep
2020

Throne Speech: Canada’s Response to COVID-19

Sep 23rd, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Throne Speech: Canada’s Response to COVID-19 Prorogation on August 18, following the resignation of Finance Minister Morneau, a new session of Parliament, and a new speech from the throne was meant to allow the government to hit the reset button. And for Prime Minister Justin Trudeau, to try and move past the summer of controversy Read More

15 Sep
2020

Another Record-Setting Month For Canadian Housing

Sep 15th, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canadian Housing Market Sets Record Highs in August Today’s release of August housing data by the Canadian Real Estate Association (CREA) showed a blockbuster August with both sales and new listings hitting their highest levels in 40 years of data–exceeding the record July activity levels. This continues the rebound in housing that began four months ago. Read More

10 Sep
2020

Introducing CHIP Open, a short-term financing solution

Sep 10th, 2020 | Posted in: Blog Posts, News

Posted by: Agostino Tuzi

HomeEquity Bank - National Partnership Director, Mortgage Brokers

According to the Financial Post, 68% of Canadians have had to dip into emergency funds due to an unexpected event. However, fewer than half of those were able to cover the full cost. In light of this, HomeEquity Bank is excited to introduce a new product to its robust suite of Reverse Mortgage solutions, CHIP Read More

9 Sep
2020

Bank of Canada Holds Rate At 25 bps

Sep 9th, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Bank of Canada Relies on Quantitative Easing As promised, the Bank held its target overnight rate at the effective lower bound of 25 basis points with the clear notion that negative policy rates are not in the cards. Instead, the central bank will rely on large-scale asset purchases–quantitative easing (QE–of at least $5 billion per Read More

4 Sep
2020

Strong August Jobs Report in Canada

Sep 4th, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canada Has Recouped Two-Thirds Of Pandemic Job Losses The August Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions as of the week of August 9 to 15, five months after the onset of the COVID-19 economic shutdown. By mid-August, public health restrictions had substantially eased across the country and more businesses and Read More

28 Aug
2020

Canadian Q2 GDP Growth Plunge–Rebounds Since April

Aug 28th, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canadian Economy Took a Record Nosedive in Q2  Canadian real GDP plunged 11.5% in the second quarter, or -38.7% at an annualized rate, the worst quarterly decline on record (see chart below). This followed an 8.2% plunge in Q1. The worst of the contraction occurred early in the quarter as the lockdown in March and Read More

17 Aug
2020

Record-Setting Canadian Housing Market in July

Aug 17th, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canadian Housing Market Very Strong in July Today’s release of July housing data by the Canadian Real Estate Association (CREA) showed a blockbuster July with both sales and new listings hitting their highest levels in 40 years of data. This continues the rebound in housing that began three months ago. National home sales rose 26% Read More

12 Aug
2020

COVID Supercharges Canadian Housing– Yet CMHC Still Gloomy

Aug 12th, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Pandemic Triggers Red-Hot Summer Housing Market We will get the full story on July housing in Canada when the Canadian Real Estate Association releases its July data in the next few days, but local real estate boards have reported a robust July market. Even in Calgary, year-over-year sales have jumped by double digits. Sales in Read More

7 Aug
2020

Great News On The Job Front In July

Aug 7th, 2020 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Better-Than-Expected Canadian Jobs Report in July Shows Economy’s Resilience The July Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions as of the week of July 12 to 18. Although public health restrictions had been substantially eased in most parts of the country—with the exception of some regions of Ontario, including Toronto—some Read More

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