Dominion Lending Centres

10/31/2025

04/15/2025

https://dominionlending.ca/economic-insights/better-than-expected-canadian-inflation-in-march-may-not-be-enough-to-trigger-another-boc-rate-cut-tomorrow?fbclid=IwY2xjawJrzPNleHRuA2FlbQIxMQABHjQo7YVCS5fX1R4lnZrIsLyHb0qA6wmX7jDtbVx7RRfwXNxaiDUtclUDHs1C_aem_nKv7uQZxJC_gCqHioSXRyQ

Weaker Than Expected Inflation May Not Be Enough to Trigger Another Bank of Canada Rate Cut Tomorrow Canadian consumer prices rose 0.3% in March (or remained flat when seasonally adjusted), which was lower than expected, reducing the annual inflation rate by 0.3 percentage points to 2.3%. This decre...

03/04/2025

Great insight from my colleague, Andrew Galea

Impact of Tariffs on Canadian Real Estate & Mortgages

Short-Term Effects:

3-6 Weeks: Noticeable impact but not devastating.

3 Months: Federal and Provincial Government programs may subsidize manufacturing and auto industries. Banks and insurers to assist those unable to make mortgage payments due to job loss. Significant drop in mortgage rates, especially variable.

Predicted Rate Drops:

March 12 Meeting: Decrease in overnight rate by 0.50%.

Next 6-9 Months: Emergency cuts may lower the overnight rate from 3% to 1.5% or even 1%. Variable Rates: Preferred choice; Prime rate could drop to 3.7%, bringing variable rates below 3%.

Fixed Rates: Expected to drop by 0.50% to 1% over the next year.

Focus on Employment:

Lenders to scrutinize job security in industries exposed to tariff-based layoffs.
Tightening of risk, minimal exceptions to debt service ratios.
Clients may be pushed to alternative lenders with longer amortizations (35-50 years).

New mortgages challenging for those in vulnerable sectors like auto parts manufacturing. Multiple income verifications required.

Real Estate Market:

Potential slowdown in sales, especially in Ontario and Quebec, due to economic uncertainty.

Rents likely to fall, mostly in the GTA and areas affected by manufacturing and auto industries.

Condo Market:

Toronto prices to drop further. Increased vacancies and falling rents as people move in with family or friends.

Long-Term Effects:

NAFTA likely to be re-written to favor the USA, with market normalization taking a year or longer. Hoping for a short period of trade disruption and displacement.

07/04/2024

Managing your mortgage...Housing costs on your mind?
Mortgage questions, reach out to us, we have answers and provide long term solutions at best rates for any situation.

• Renewals.
• Refinancing.
• Purchases.
• Private and difficult to place mortgages.
• Vacation properties.
• Rental properties.
• 705 646 2777

And here is some timely and good mortgage information from our friends at Financial Consumer Agency of Canada.

https://tinyurl.com/2s3sdy63

07/04/2024

Housing costs on your mind?

Managing your mortgage... Mortgage questions, reach out to us, we have answers and provide long term solutions at best rates for any situation.

• Renewals.
• Refinancing.
• Purchases.
• Private and difficult to place mortgages.
• Vacation properties.
• Rental properties.
• 705 646 2777

Finalcial Liteeracy Newsletter - July 2024, from the Financial Consumer Agency of Canada

06/28/2024

Happy birthday Canada 🇨🇦
Have a wonderful weekend, stay safe everyone.

06/05/2024

As widely speculated and expected small drop in prime rate, variable, secured lines of credit and adjustable rate mortgages will see approximately a $ 16.00 dollar a month reduction in payment.