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
18 Feb 2020
Morneau Eases Stress Test On Insured Mortgages
Blog Posts, Chief Economist, News
Minister Morneau Announces New Benchmark Rate for Qualifying For Insured Mortgages The new qualifying rate will be the mortgage contract rate or a newly created benchmark very close to it plus 200 basis points, in either case. The News Release from the Department of Finance Canada states, “the Government of Canada has introduced measures to Read More
17 Feb 2020
January Home Sales Slow Mostly Owing To a Dearth of New Listings
Blog Posts, Chief Economist, News
Home Sales Slip A Bit In January As Supply Tightens Pushing Up Prices Statistics released today by the Canadian Real Estate Association (CREA) show that national existing-home sales dipped between December and January owing to a dearth of new listings, especially in the GTA. As the CREA chart below shows, the pace of monthly home Read More
7 Feb 2020
Another Strong Canadian Employment Report In January
Blog Posts, Chief Economist, News
January Starts 2020 With Strong Canadian Job Growth January follows December in erasing the weak November job numbers providing good news for the Canadian economy. Manufacturing led the way as the jobless rate fell, and wage growth accelerated meaningfully. The robust labour market, coupled with consumer confidence holding firm in January at about historical averages, Read More
4 Feb 2020
TD Lowers Qualifying Mortgage Rate 35 bps To 4.99%
Blog Posts, Chief Economist, News
TD lowers Posted Mortgage Rate to 4.99% Market interest rates have fallen sharply since the coronavirus-led investor flight to the safety of government bonds. The 5-year government bond yield–a harbinger of conventional mortgage rates–now stands at 1.34%, down sharply from the 1.60+% range it was trading in before the virus became global news (see chart Read More
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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.
