Deborah Dickson, Dominion Lending Mortgage Broker

Do you want to make your little girls dreams of farm living come true? #fraservalleymortgagebroker #fraservalleyrealestate

#fraservalleyrealestate #goodnews #marketisgreat #lowinterestrates Residential Market Commentary - Homeowners are shaking off COVID concerns First National Financial LP... Canada Mortgage Professionals has launched a series of new surveys designed to gauge the sentiment of Canadians toward home ownership during the COVID-19 pandemic. The survey will be run four times over 24 weeks. It examines four main aspects of home ownership and home buying sentiment in Canada: - How Covid-19 has affected employment and incomes - Impacts on expectations about buying homes - Attitudes and expectations on topics related to housing markets and mortgages - Opinions about the mortgage deferral program. The first results were released last week. They suggest that more than half of current home owners (57%) do not feel that their employment situation has been severely impacted by COVID-19. Many others expect any changes or impacts will be short-term. The report also indicates that the vast majority (72%) of owners are comfortable with their current mortgage debt. Overwhelmingly (90%) they remain pleased with the decision to purchase a home, says MPC in a release. The survey shows an increase in expectations for home ownership in the near future: Among non-homeowners, 14% now expect to buy a home in the next year. That is up from 7%; double what it was at the end of last year. More current owners are also looking at buying a new or additional property. "What we have seen clearly is that the vast majority of home owners are not feeling a long-term financial impact related to COVID-19, and that potential home buyers are still very much in the market for a home, signs of which are being seen in regions across the country," says Paul Taylor, President and CEO of MPC.

Some good news on a Monday morning!! Genworth is not changing their lending guidelines to match CMHC's.

CMHC is tightening lending guidelines July 1, 2020.

upside of social isolation, figuring out Zoom calls and getting to listen to industry leaders like Adam Contos ( ReMax ) and Gary Mauris ( DLC ). Thank you for the inspiration and information!! What are you doing to educate yourself today? What goals do you have for the next few months?

Very informative, please take the time to listen to this update from Dr. Sherry Cooper.