Doug Thomas - Home Financing Advisor

11/27/2024

cbc.ca

08/12/2024

blogto.com

07/28/2023

Canadian home sales increased by 1.5% (sa m/m) in June, a slower pace than the previous two months. Listings surpassed sales for the second month in a row, increasing by 5.9%. This brought a welcome easing in the sales-to-new listings ratio, an indicator of how tight the market is. The ratio stands at 63.6% as of May, down from its recent April peak of 68.3%, but still above its long-term average of 55.2%. This puts the national housing market back in balanced territory after returning to sellers' territory in April. Months of inventory were unchanged at 3.1 months—almost two months below its long-term average, a reversal of the improvements from its record lows since the fall of 2021.

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www.scotiabank.com

05/04/2023

ctvnews.ca

04/25/2023

For many people, a credit score is a mysterious thing. But that number can have a huge impact on our lives. Our guest in this episode is Laura Scheck, Vice President of Credit Cards at Scotiabank. She talks to Natalie Nanowski from our Perspectives Newsroom team to help bust some common myths around the credit score as well as explain the basics. What number is good, what's bad, what will actually decrease your score and, of course, tips on how to improve it.

See full podcast here:

www.scotiabank.com

04/14/2023

Central bank keeps rate at 4.5% as inflation slows but says 'job is not done'. Listen to the podcast here:

www.scotiabank.com

03/20/2023

mortgagebrokernews.ca

01/30/2023

The Bank of Canada this week raised their policy interest rate a quarter of a percentage point to 4.5%. It's the smallest increase since the central bank began raising the benchmark rate last March. Tiff Macklem, the Governor of the Bank of Canada, says it marks the start of a "conditional pause" on interest rate hikes. Scotiabank's Chief Economist, Jean-François Perrault returns to the podcast to explain what this means, what it signals for the months ahead and when we might see interest rates start to come down.

Listen to Podcast Here:

www.scotiabank.com

01/19/2023

Housing market ended 2022 different than how it started. From historically tight conditions & record-breaking price gains to declines of 38% in sales & 13% in MLS HPI over 8 months, leaving HPI still 33% above pre-covid levels.

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www.scotiabank.com

01/16/2023

mortgagebrokernews.ca

01/06/2023

Last week, OSFI superintendent Peter Routledge responded to calls to lower or eliminate the minimum qualifying rate, saying the regulator sees great risk in speculating on the mortgage rate cycle and does not consider the stress test to be a tool to manage the demand for housing

calgary.ctvnews.ca