Tara Patterson - DLC National Ltd Simpson and Associates FSRA #12360

05/21/2025

Canadian headline inflation fell to 1.7% y/y in April owing to the end of the carbon tax and falling energy prices. Core inflation rose to over 3%. But economic activity is slowing rapidly, so another 25 bps rate cut is still possible.https://mailchi.mp/sherrycooper/canadian-headline-inflation-fell-to-17-yy-in-april-owing-to-end-of-carbon-tax-and-falling-energy-prices

03/13/2025

Check out this very informative article

The Bank of Canada Cut Rates by 25 bps On Tariff Concerns. This is the seventh consecutive rate cut this cycle.https://mailchi.mp/sherrycooper/the-bank-of-canada-cut-rates-by-25-bps-on-tariff-concerns

12/11/2024

Such great news at the end of the year!

Automatically view the rate announcement the moment it is published.

11/24/2024

Very exciting time for those with upcoming renewals.

Big news for Canadian homeowners: Switching mortgage lenders just got easier! 🚪💸
Starting November 21, 2024, OSFI is removing the stress test requirement for straight switches of uninsured mortgages. That means:
✅ No requalifying at higher rates when transferring your mortgage.
✅ More flexibility to shop around for better terms or rates.
What’s a straight switch? Transferring your mortgage without increasing the loan amount.
What’s an uninsured mortgage? A home loan without default insurance (down payment of 20%+).
This change levels the playing field and gives borrowers more negotiating power—perfect timing as many renewals are on the horizon. 🏡
Contact a DLC Mortgage Expert soon to find out exactly what this means for you and your mortgage!

11/19/2024

Canadian Inflation increased to 2.0% y/y in October--up from 1.6% in September owing to a smaller decline in gasoline prices. Excluding gasoline, headline inflation remained at 2.2% in October, the same as in August and September. https://mailchi.mp/sherrycooper/canadian-inflation-increased-to-20-yy-in-october-up-from-16-in-september-owing-to-a-smaller-decline-in-gasoline-prices.

10/23/2024

Another rate drop today! If you have questions around how this will help you or you want to talk about making changes to your mortgage, please reach out.

Automatically view the rate announcement the moment it is published.

10/15/2024

Canadian inflation fell to 1.6% y/y in September, the smallest yearly increase since 2021.This raises the odds of a 50-bps rate cut next week.https://mailchi.mp/sherrycooper/canadian-inflation-fell-to-16-yy-in-september-the-smallest-yearly-increase-since-2021

10/15/2024

Canadian home sales have trended up modestly since rate cuts began, but new listings have risen faster.https://mailchi.mp/sherrycooper/home-sales-have-trended-up-since-rate-cuts-began-but-new-listings-have-risen-faster

10/03/2024

Interesting article from economist Benjamin Tal.

09/05/2024

Such great news for those in variable. Keep it coming!!

If you have any questions please reach out.

Automatically view the rate announcement the moment it is published.

08/16/2024

Very interesting read!

Canadian Housing Market On Pause In July. Home sales edged down 0.7% m/m as new listings and home prices ticked upward. - https://mailchi.mp/sherrycooper/canadian-housing-market-on-pause-in-july

08/16/2024