Andy Wai Mortgages

11/20/2021

Proud that we, DLC Clear Trust Mortgages, are involved and have the opportunity to contribute to the Canadian Cancer Society! 🤩

09/04/2020

Lastest economic insight from DLC's Chief Economist, Dr. Sherry Cooper! It's a good read on employment and also talks a bit about real estate at the end.

Canada Has Recouped Two-Thirds Of Pandemic Job Losses The August Labour Force Survey, released this morning by Statistics Canada, reflects labour market conditions as of the week of August 9 to 15, five months after the onset of the COVID-19 economic shutdown. By mid-August, public health restrictio...

04/17/2020

Hi Everyone! I wanted to share a great webinar hosted by the school I graduated from!

The webinar is on the economic outlook. Michael King did an amazing job of keeping it to the facts and having an unbias view. Enjoy!

LINK: https://zoom.us/webinar/register/rec/WN_JLbTEY9PSGeWBaHGLzu_XQ?meetingId=wvJSLvah2k1OfJHt2mrFf494QbvLX6a8g3VIrvVcxEwDNrdeUTrCs5uWoOYD95WC&playId=&action=play&_x_zm_rtaid=vUgGnmv1QmOSvysVtvCLOQ.1587153750807.1f4ea6df0ea88bf8fe05f8a57ce510b9&_x_zm_rhtaid=180

ACCESS PASSWORD: C3 &308

Please note, they are looking to remove the password.

04/04/2020

Check out this great webinar on the current and future economy hosted by the Jewish Foundation and the UJA with three great Chief Economist!

https://jewishtoronto.com/news-media/what-we-do/now-you-know-covid-and-the-economy?utm_source=Evite&utm_medium=email&utm_campaign=april2-nyn-thankyou

CHARITABLE REGISTRATION NUMBERS: Jewish Foundation of Greater Toronto, Reg. 108155797RR0002 United Jewish Appeal of Greater Toronto, Reg. 119276723RR0001

04/03/2020

Hi Everyone! For anyone who has been impacted by COVID-19, the Canada Emergency Response Benefits (CERB) will start to take application next week!

This benefit is $2,000 per month, up to 16 weeks, and must be applied through CRA each month.

Here's the link for the details:
https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html

Stay safe everyone!

Apply for the Canada Emergency Response Benefit (CERB) with the CRA: who is eligible, how to apply, when to apply, and what to expect after applying.

03/27/2020

BoC has cut its overnight lending rate to 0.25%. Dr Sherry Cooper, Chief Economist at the brokerage I am at, has written a great article and I wanted to share with you guys.

What caught my attention is "With businesses closed, lower interest rates do not encourage consumers to go out and spend money." In my eyes, this shows how different the scenario we are in compared to the pass.

Link: https://dominionlending.ca/news/bank-of-canada-cuts-rates-50-bps-to-0-25/

Stay safe everyone!

  Bank of Canada Moves to Restore “Financial Market Functionality” The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Ca...

03/24/2020

I've recently created an article about "The Good & Bad - Mortgage Payment Deferral". Many have found it useful so I wanted to share this with you guys! Link below. 😁

03/16/2020

It's been a while since I've last posted! With uncertain time ahead, I wanted to share articles from the brokerage I am at to shed light on what's happening with the mortgage market.

Here is the link to an article by Dr. Sherry Cooper:

  Fed Cuts Overnight Rate One Percentage Point But Markets Plummet In an unprecedented Sunday afternoon meeting, the US Federal Reserve cut their key policy rate by 100 basis points (bps) to a level of 0%-to-0.25% (see chart below). Also, the Committee announced increased access to the discount win...