Q2 Canadian Growth Rebounded to 2.9% This morning, Stats Canada released the second quarter GDP figures indicating a sharp rebound in growth to its most robust pace in a year. Real gross domestic product growth accelerated to 2.9% (all figures quoted in annual rates), up sharply from the 1.4% pace in Q1. The Q2 result […]

Three-Month Home Sales Gain Despite Weak BC Markets National home sales continued to recover in July, rising 1.9%, building on the increases in each of the two previous months. Even so, July’s sales activity remains well below the monthly pace of the past five years (see chart). The sales gains were led by the Greater […]

Canada’s Jobless Rate Returned to a Four-Decade Low in July Statistics Canada announced this morning that employment increased in July and the jobless rate fell .2 percentage points to 5.8%–returning to its lowest level since the 1970s posted earlier this year. The economy added a stronger-than-expected 54,100 net new jobs last month–its most significant advance […]

La traduction en français de cet e-mail sera disponible avant 17 h HE Juin 18. The Spring Housing Market Continues To Be Weak As we said last month, April is usually the start of a spring housing market ramp-up, but this year the new mortgage stress test and rising mortgage rates have continued to be […]

My brand lends on Hobby Farms? Yes, not many agents know that Dominion Mortgage is able to lend on residential purchases and transfers on properties that include hobby farming activity or agricultural related buildings, such as a barn or stable. We can do these High Ratio or Conventional Insurable. Although we only value on 5 […]

Canada’s May Job Loss in Manufacturing and Construction Statistics Canada announced this morning that Canada’s employment was little changed in May, and the jobless rate remained at a low 5.8% for the fourth consecutive month. The headlines, however, highlighted the modest 7,500 job losses last month on the heels of a 1,100 job loss in […]

U.S. May Unemployment Rate Falls Again to 3.8% Today’s May employment report showed the jobless rate dropping unexpectedly even further to 3.8%–considerably below the level the Fed once considered to be full employment. It wasn’t long ago that the Fed estimated the long-run equilibrium jobless rate in the range of 4.3%-to-4.7%. Economic theory tells us […]

Housing Slowdown and Wilting Consumers Dampened Q1 Canadian GDP Growth This morning, Stats Canada released the first quarter GDP figures indicating a slowdown in growth in the first quarter to a 1.3% annual rate compared to 1.7% in the final quarter of last year. This was precisely what the Bank of Canada (BoC) forecast for […]

Home Trust Mortgages Blog The latest news and updates keeping you informed. MAY 30, 2018 / HOME TRUST / BOND YIELD CURVE CANADA’S BOND YIELD CURVE: WHAT YOU NEED TO KNOW Last week, for the first time in over a decade, the Canadian Government Bond Yield Curve inverted. The inversion of the yield curve is seen as […]

April national home sales fell nearly 3% from March to April as prices continue to decline on a year-over-year basis. View this email in your browser This announcement is available in Autopilot as “SC 20180515 The Spring Housing Market Is Off To A Slow Start” ICYMI: The Spring Housing Market Is Off To A Slow […]