Svetlana Grishanova Dominion Lending Centres Mortgage Watch

06/03/2021

06/04/2020

CMHC is tightening the underwriting criteria amid pandemic concerns.

Protecting the economic futures of Canadians: CMHC reviews underwriting criteria

06/03/2020

Bank of Canada keeps the rate steady at 0.25%

Mortgage Agent Dominion Lending Centres Mortgage Watch  FSCO Lic # 12044 Phone: 647-293-8767 Email: [email protected]

05/28/2020

What's in your rate? BoC explains... Don't forget I am always here to answer your questions about interest rates etc!

Here’s what determines the interest rate on your mortgage—and why that rate can go up and down.

05/08/2020

DLC's chief economist Dr. Sherry Cooper on Statistics Canada April Job Report

Also, the number of people who were employed but worked less than half of their usual hours for reasons related to COVID-19 increased by 2.5 million from February to April. As of the week of April 12, the cumulative effect of the COVID-19 economic shutdown—the number of Canadians who were eit...

04/24/2020

The Toronto Regional Real Estate Board has compiled a property tax deferral schedule for GTA communities during COVID-19.

TRREB has developed a COVID-19 property tax deferral schedule for every Greater Toronto Area municipality for your convenience, use and to share. It also includes links to their respective websites for more details on the deferrals, and links to the various municipal COVID-19 information centres. We know how difficult it can be to track all of this information so we hope you find this resource useful.

Details https://bit.ly/2RXTvzG

04/15/2020

The Bank of Canada announced that it will maintain the overnight rate at 0.25%, which it considers its “effective lower bound.”It also provided new estimates for second quarter economic activity and announced additional measures to support Canada’s financial system including the development of a new Provincial Bond Purchase Program of up to $50 billion, a new Corporate Bond Purchase Program and enhancements to its Term Repo facility.

Please see below economic insights with DLC Chief Economist Dr Sherry Cooper. As always, please feel free to contact me with any questions or concerns.

The Bank's MPR says, "Until the outbreak is contained, a substantial proportion of economic activity will be affected. The suddenness of these effects has created shockwaves in financial markets, leading to a general flight to safety, a sharp repricing of risky assets and a breakdown in the function...

04/03/2020

Mortgage rates are rising despite large interest rate cuts by the Bank of Canada. Why? Please see below economic insights with DLC Chief Economist Dr Sherry Cooper.

Mortgage Agent Dominion Lending Centres Mortgage Watch  FSCO Lic # 12044 Phone: 647-293-8767 Email: [email protected]

03/04/2020

Bank of Canada lowers overnight rate target by 50 basis points to 1.25%

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent.