Dominion Lending Centres Freedom First - A Better Way

11/19/2024

October Inflation Rose to 2.0% As Gasoline Price Declines Were More Muted The Consumer Price Index (CPI) rose 2.0% year-over-year in October, up from a 1.6% increase in September. Gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%). The all-items CPI, excludin...

11/15/2024

The Canadian Housing Market Shows Signs of Life Canadian home sales surged to their highest level in more than two years as the Bank of Canada cut interest rates, bringing buyers back into the market. Home sales rose 7.7% month-over-month (m/m) in October, reaching their highest level since April 20...

11/14/2024

https://www.canadianmortgagetrends.com/2024/11/mortgage-digest-rate-war-underway-as-bank-renewals-set-to-surge-rbc-warns/

Former Scotiabank Mortgage head John Webster weighed in, noting that the big banks' competitive pricing is unsustainable and unlikely to continue for long.

11/08/2024

Weaker-Than-Expected October Jobs Report Keeps Jumbo Rate Cut In-Play in December Statistics Canada released October employment data today. The data showed a marked slowdown in job growth, underscoring ongoing labour-market softness that triggered a jumbo rate cut last month. Statistics Canada said....

11/05/2024

https://www.canadianmortgagetrends.com/2024/11/bank-of-canada-expected-to-cut-rates-by-100-bps-before-pausing-financial-experts-say/

Financial experts expect the Bank of Canada to cut rates by 100 basis points by the middle of 2025, with no further reductions thereafter.

10/31/2024

https://www.mpamag.com/ca/mortgage-industry/market-updates/canadian-economy-stalls-likely-misses-boc-growth-forecast/512104?hsmemberId=206722&tu=&utm_campaign=&utm_medium=20241031&_hsenc=p2ANqtz-_O2V_rOFILH3nAy-1d4jo5O7npbQigvLpbJU3i40CPfXaab5aN2nJnjkZdCOD6ocU5O8youFUNmbfOoUUirz1O1qm1mQ&_hsmi=331759715&utm_content=&utm_source=

Are more oversized cuts on the way?

10/29/2024

https://www.canadianmortgagetrends.com/2024/10/poilievre-promises-to-abolish-federal-sales-tax-on-new-homes-under-1-million/

A Conservative government would scrap the federal sales tax on new homes sold for less than $1 million and push provinces to do the same, Pierre Poilievre said Monday.

10/23/2024

Bank of Canada Cuts Policy Rate By 50 BPS After three consecutive 25 bp rate cuts, the BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.75%. The market had priced in 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP gr...

10/23/2024

https://www.mpamag.com/ca/mortgage-industry/market-updates/bank-of-canada-makes-biggest-rate-cut-since-beginning-of-pandemic/510933?hsmemberId=206722&tu=&utm_campaign=&utm_medium=20241023&_hsenc=p2ANqtz-_Qp-5svJJRWD7VSHKwnpDkEFrfTLcK_bcKnH3Kz721LslLdoVC1Q7KMcDblEhLPKRX-qXmdJNe9WHq7V8F4vxqZeZa2g&_hsmi=330456442&utm_content=&utm_source=

Central bank announces jumbo cut

10/22/2024

https://www.mpamag.com/ca/mortgage-industry/industry-trends/is-canada-ready-for-a-50-point-rate-cut-economists-weigh-in/510684?hsmemberId=206722&tu=&utm_campaign=&utm_medium=20241022&_hsenc=p2ANqtz-_BKmnI8jVlkYArwkxGITsH2ikLvS8kzLl0F6iUaNzosXvQNy3un-tUlkZ40q45X7XZKsfDoihNer-aAAK1cnOh2hDN8Q&_hsmi=330248715&utm_content=&utm_source=

Market expectations build around a steep rate cut as inflation slows and economic risks rise

10/16/2024

Canadian Housing Market Stuck In A Holding Pattern Following the Bank of Canada’s third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern of gains recorded in the months following the first two rate cuts. Home sale...