Chief Economist

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

16 Apr 2019

March Home Sales Rebound From Dismal February Showing

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released Monday by the Canadian Real Estate Association (CREA) show that national home sales edged higher in March following the sharp decline in storm-struck February. Overall, however, housing activity remains considerably below historical norms. Home sales rose 0.9% nationally while the benchmark price rose 0.8%. While this is an improvement from the very poor Read More

5 Apr 2019

March Jobs Report in Canada Finally Mirrors Weak Economy

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The employment report had long been a lone bright spot in an economy that had sunk across the board, so the March slump is not surprising. According to today’s jobs report from Statistics Canada, employment fell by 7,200 last month, mostly in full-time positions in the service sector. Canada’s jobless rate held steady at 5.8%, Read More

19 Mar 2019

Federal Budget 2019–Actions for Homebuyers

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In its fourth fiscal plan, the Trudeau government spent its entire revenue windfall leaving the deficit projection little changed. In this election budget, Finance Minister Bill Morneau announced $22.8 billion over six years in new spending initiative mostly for homebuyers, students and seniors. Trudeau promised in his first budget to have eliminated all red ink Read More

15 Mar 2019

February Home Sales Weaken Sharply–Was It Weather or Stress Tests?

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales dropped sharply from January to February, plummeting 9.1% to its lowest level since November 2012. The month-over-month decline was the biggest since the B-20 stress test was introduced in January of last year. The number of existing home sales was Read More

8 Mar 2019

February Canadian Jobs Report Remains Strong, But Slump Continues

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

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 new jobs last month, all of them full-time positions. This is the second consecutive monthly job surge for an economy that has barely grown in Read More

6 Mar 2019

Bank of Canada Reduces Prospects of a Rate Hike

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In a very dovish statement, the Bank of Canada acknowledged this morning that the slowdown in the Canadian economy has been deeper and more broadly based than it had expected earlier this year. The Bank had forecast weak exports and investment in the energy sector and a decline in consumer spending in the oil-producing provinces 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