Chief Economist

15 Jul 2019

June Home Sales Stopped Deteriorating in Three Western Provinces

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released late last week by the Canadian Real Estate Association (CREA) show that national home sales were little changed in June following gains in the prior three months. Housing activity remains well below levels recorded over much of 2015-2017–the boom years. As the chart below shows, national sales have moved up to close to Read More

10 Jul 2019

Bank of Canada Maintains Overnight Rate and Raises 2019 Forecast

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada held the target overnight rate at 1.75% for the sixth consecutive decision and showed little willingness to ease monetary policy, as stronger domestic growth offsets the risk of mounting global trade tensions. There has been ongoing speculation that the Bank of Canada would be pushed into cutting interest rates by the Read More

5 Jul 2019

Following Months of Booming Jobs Growth, Gains Stall in June

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

After a long stretch of stronger-than-expected Canadian jobs growth, it is not surprising that this notoriously volatile data series took a breather. There was little change in the number of employees in both the public and private sectors in June. The Canadian economy shed 2,200 jobs last month as self-employment fell 1.4% and other employment Read More

17 Jun 2019

May Shows Signs of Improvement In BC and Alberta

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released late last week by the Canadian Real Estate Association (CREA) show that national home sales increased in May. Together with monthly gains in the previous two months, activity in May reached its highest level since early last year when the new B-20 stress testing was introduced. While last month’s home sales stood 8.9% Read More

7 Jun 2019

29 May 2019

Bank of Canada Maintains Overnight Rate at 1-3/4%

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In a terse statement, the Bank of Canada maintained its benchmark overnight rate for the fifth consecutive meeting and stated that economy was performing in line with the projections in the Bank’s April Monetary Policy Report (MPR). Following a slowdown in economic activity late last year and in the first quarter of this year, the Read More

15 May 2019

April Home Sales Rise Nationally, But Not In Vancouver

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released Wednesday by the Canadian Real Estate Association (CREA) show that national home sales increased in April with most markets recording increases in both transactions and prices. The number of homes sold rose 3.6% compared with March, on a seasonally adjusted basis. The rebound in sales over the past two months still leaves activity Read More

10 May 2019

9 May 2019

Poloz Says Mortgage Market Should Offer More Options

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In a speech early this week, Bank of Canada Governor Stephen Poloz said that it is time for some fresh ideas for Canada’s mortgage market. He suggested that changes could include encouraging longer than 5-year duration fixed-rate mortgage loans, the creation of a market for private mortgage-backed securities and the launch of shared-equity mortgages for Read More

24 Apr 2019

Bank of Canada Reduces Prospects of a Rate Hike

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

A greater-than-expected slowdown in global economic activity has triggered a slowdown in the pace of interest rate normalization by many central banks. In response to these central bank policy changes and perceived progress in U.S.-China trade talks, global financial conditions and stock market sentiment have improved, pushing up oil and other commodity prices. Oil prices Read More

  • Residential Mortgages

    The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.
    Learn More
  • Commercial Mortgages

    Dominion Lending Centres Commercial has established excellent relationships in the lending community with pension funds, banks, credit unions, life insurance companies, trust companies, private institutions and individual investors.
    Learn More