Archive of All Posts

20 Jun
2019

Mortgage Broker History and Mortgage Applications

Jun 20th, 2019 | Posted in: Blog Posts, News

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

In the past, we had banks (bank as a catch all for credit unions and trust companies) and Mortgage Brokers. Writing mortgage applications is extremely difficult; there are a lot of moving parts in a mortgage. Because of this, banks employ mortgage specialists whose sole role is to provide mortgage advice. On the other hand, Read More

19 Jun
2019

4 Home Improvements that will pay you back

Jun 19th, 2019 | Posted in: Blog Posts, News

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Some home improvements provide more of a payback when you sell the house down the road. Here’s a list of the four home improvements which will provide the biggest payback when you sell.  Adding square footage – while this can be a very expensive project, adding to the size of a house can re-coup between Read More

17 Jun
2019

May Shows Signs of Improvement In BC and Alberta

Jun 17th, 2019 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released late last week by the Canadian Real Estate Association (CREA) show that national home sales increased in May. Together with monthly gains in the previous two months, activity in May reached its highest level since early last year when the new B-20 stress testing was introduced. While last month’s home sales stood 8.9% Read More

14 Jun
2019

5 Reasons to consider buying a condominium apartment or town home

Jun 14th, 2019 | Posted in: Blog Posts, News

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

If you are thinking about purchasing a home in the near future, here are some reasons you may consider buying a condo apartment or town home. You should also be aware there are some cons as well. Pros They are relatively inexpensive. As your footprint is small and you share exterior walls with others, the Read More

13 Jun
2019

99 Year Mortgages and the Power of Amortization

Jun 13th, 2019 | Posted in: Blog Posts, News

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Back in the late 80’s, the Japanese housing market came to a grinding halt. Homes were no longer affordable for your average Japanese consumer. The government came to the rescue with a novel idea: 99 year mortgages. You could buy a house, pay lower more affordable payments, your son or daughter would take over and Read More

12 Jun
2019

Who Really Sets Interest Rates?

Jun 12th, 2019 | Posted in: Blog Posts, News

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

A recent article in the Huffington Post addressed the pricing strategy for the Big Six Banks, BMO, CIBC, National Bank, RBC, Scotia and TD and who really sets interest rates.  RBC announcing a rate drop in January and the other banks soon followed.  For consumers the banks are seen as leaders of the pack and Read More

11 Jun
2019

3 steps to take you from Pre-approval to getting the keys

Jun 11th, 2019 | Posted in: Blog Posts, News

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Picture this: You’ve finally been able to put away enough for a down-payment on your dream home. It’s taken you five years of diligent saving, but you did it! You have also been diligently working on improving your credit score and paying off debts and are at a place of financial stability. So, first of Read More

7 Jun
2019

Another Strong Employment Report Signals Rebound In Canadian Economy

Jun 7th, 2019 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

It appears that the Bank of Canada’s optimism that the Canadian economy’s growth will pick up in the third and fourth quarters of this year is well founded. Not only was the employment report very robust for two consecutive months, but the jobless rate has fallen to its lowest level since at least 1976. Also, Read More

7 Jun
2019

Home Buyer Tax Credit

Jun 7th, 2019 | Posted in: Blog Posts, News

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

When you purchase a home as a first time home buyer, you have a third benefit on top of the First Time Home Buyers’ Program and the Home Buyers Program- the Home Buyer Tax Credit. The Home Buyer Tax Credit allows you to claim $5,000 for the purchase of a qualifying home in the year Read More

6 Jun
2019

Which mortgage lender is best for you?

Jun 6th, 2019 | Posted in: Blog Posts, News

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

The following is a summary of the choices available for clients when looking at the four different types of lending groups. So what exactly is a lender? By simple definition, a mortgage lender provides financing for a real estate purchase hence the word lend. Which lender is best for you will all depend on who Read More

  • Residential Mortgages

    The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date.
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  • Commercial Mortgages

    Dominion Lending Centres Commercial has established excellent relationships in the lending community with pension funds, banks, credit unions, life insurance companies, trust companies, private institutions and individual investors.
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