Dominion Lending Centres Inc

November is Financial Literacy Month, and we’re kicking it off with helpful tips and insights! Follow along all month as we share simple, practical ways to boost your financial know-how and make informed mortgage decisions. Let’s make this a month of money confidence! 💡💸 #FinancialLiteracyMonth #DLC #MoneyTips

Don't miss our latest episode of In Conversation with Sherry Cooper, Ph.D., ICD.D On Wednesday October 23rd, President Eddy Cocciollo will sit down with Sherry to discuss the latest updates from the Bank of Canada, including the current economic climate, and more! PLUS they will take your questions! Join us LIVE at 11:30am PT / 2:30pm ET, right here our Facebook page brought to you by our friends at FCT.

It’s official! The Bank of Canada announced a 50 basis point rate cut, the largest since March 2020. The new benchmark rate is now 3.75%, offering much-needed relief in a cooling economy. According to Dominion Lending Centres chief economist, Dr. Sherry Cooper, this move was expected as inflation has dropped below 2% and the current rates have been too restrictive for the Canadian economy to thrive. Dr Cooper mentioned that the Canadian economy “can’t survive interest rates at current levels” and predicted that the Bank would go the full 50 basis points. With inflation at 1.6% and signs of a sluggish labour market, this cut was the right move to help boost economic activity. For consumers, this rate cut brings a big opportunity. Homeowners may see lower mortgage payments, and those looking to enter the market could benefit from improved affordability. With borrowing costs easing, this could be the break many first-time homebuyers have been waiting for. If you're thinking about refinancing or getting into the market, now could be a great time to explore your options. With another rate decision coming in December, there’s potential for even more favourable conditions ahead!

Grateful for our clients, partners, and communities this Thanksgiving. Whether you're gathering around the table or planning for the future, we’re here to help make your homeownership dreams a reality. 🏡🍂

Ready to sell your home? Here are some simple staging tips to help you get the best offers: ✨ Clean & Declutter: Make every corner sparkle! Focus on clear countertops, spotless floors, and tidy spaces—cleanliness shows off the potential of your home. 🖼️ Depersonalize: Remove personal items like family photos and replace them with neutral decor so buyers can picture themselves in the space. 🏡 Key Spaces Matter: Focus on your living room, kitchen, dining room, and master bedroom—these rooms leave the biggest impact. 🎨 Freshen Up: A fresh coat of paint is a game changer! 36% of buyers prefer homes with newly painted walls. 🌿 Boost Curb Appeal: First impressions count! Clean your driveway, exterior walls, and tidy up your landscaping for a welcoming vibe. Want some more staging tips? Read the full OurHouse article; the link is in our bio!

ATTENTION RENEWAL CLIENTS! Starting November 21, you’ll have even MORE options to secure the best mortgage for your needs! 🏡💼 OSFI has announced the removal of the stress test for borrowers with uninsured mortgages, which means it could be easier for you to switch lenders without facing extra qualifying hurdles! 🙌 Take advantage of this new change and explore your options. Click the link below to read the full article by Canadian Mortgage Trends. Or contact a DLC Mortgage Expert today to get personalized information about this change. https://lnkd.in/g-tN_VVp

2024 Fall Market Outlook: Recent Bank of Canada rate cuts, including the most recent one on September 4th, are beginning to shift the housing market. Sellers are listing more, encouraged by the potential for lower rates to draw in buyers. While affordability challenges remain, these rate cuts bring some good news and hope. Thinking about buying or selling? Click the link in our bio to be connected with a DLC Mortgage Expert in your area!

Don't miss our latest episode of In Conversation with Sherry Cooper, Ph.D., ICD.D On Wednesday September 4th, President Eddy Cocciollo will sit down with Sherry to discuss the latest updates from the Bank of Canada, including the current economic climate, and more! PLUS they will take your questions! Join us LIVE at 11:30am PT / 2:30pm ET, on LinkedIn or navigate over to our Facebook page.

Happy first day of school to all the kiddos leaving their front steps this morning to enter the classroom! You will do great. #backtoschool #firstday

The Labour Day long weekend is finally here! Make sure you kick back, relax and enjoy these last moments of summer. #labourdaylongweekend