Dominion Lending Centres is the nation’s leading mortgage company with more than 2,800 mortgage brokers offering free expert advice across Canada – taking the hassle out of the mortgage process and simplifying your life.
With access to more than 230 lending institutions, including big banks, credit unions and trust companies, our licensed team of mortgage professionals is familiar with a vast array of available mortgage products – ranging from first-time homebuyer programs to financing for the self-employed to financing for those with credit blemishes.
Latest News
30 Mar 2020
Why Are Mortgage Rates Rising?
Blog Posts, Chief Economist, News
Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of Read More
27 Mar 2020
Bank of Canada Cuts Rates 50 bps to 0.25%
Blog Posts, Chief Economist, News
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 Canadian financial system and the Read More
16 Mar 2020
Stock and Bond Yields Plummet After Sunday Fed Cut
Blog Posts, Chief Economist, News
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 window where the Fed makes loans to Read More
13 Mar 2020
Tour de Force: BoC Cuts Again, OSFI Eases, More Coming
Blog Posts, Chief Economist, News
Extraordinary Coordinated Policy Actions To Ease the Economic Impact of Pandemic In Canada Prime Minister Justin Trudeau said Canada would introduce a “significant” fiscal stimulus package, as part of a coordinated effort with other Group of Seven countries to counter the virus-driven global economic slowdown and calm markets. In an exceptional press conference held at Read More
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Current Rates
CURRENT VARIABLE MORTGAGE RATE IS
2.45 %
CURRENT PRIME RATE IS
2.45 %
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- Terms
- Bank Rates
- Payment Per $100K
- Our Rates
- Payment Per $100K
- Savings
- 6 Months
- 3.34 %
- $490.86
- 3.30%
- $488.77
- $2.09
- 1 Year
- 3.59 %
- $504.03
- 3.44%
- $496.11
- $7.92
- 2 Years
- 3.74 %
- $512.02
- 3.14%
- $480.46
- $31.56
- 3 Years
- 3.89 %
- $520.07
- 3.09%
- $477.88
- $42.20
- 4 Years
- 3.94 %
- $522.77
- 3.14%
- $480.46
- $42.31
- 5 Years
- 4.99 %
- $581.04
- 2.39%
- $442.51
- $138.53
- 7 Years
- 5.80 %
- $627.97
- 3.49%
- $498.74
- $129.22
- 10 Years
- 6.10 %
- $645.76
- 3.80%
- $515.23
- $130.53
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E. & O.E.
