Archive of All Posts

22 Sep
2017

Mortgage changes are coming—are you prepared?

Sep 22nd, 2017 | Posted in: Blog Posts, News

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

We know – more changes?! How can that be! With this ever-changing landscape, mortgages continue to get more complicated. This next round of changes is predicted to take affect this coming October 2017 (date not yet available). These new rules contain three possible changes, the most prominent being the implementation of a stress test for Read More

21 Sep
2017

Avoiding “Sticker Shock” When It Comes to Mortgage Renewal

Sep 21st, 2017 | Posted in: Blog Posts, News

Posted by: Jonathan Barlow

Dominion Lending Centres - Accredited Mortgage Professional

Imagine that, a few years from now, the time has come to renew your mortgage. Several years back, you got a $350,000 at the then great rate of 2.24%. Your mortgage payments are $1522 per month. Because we are now in what the financial brainboxes call “ an escalating rate environment “ – normal people Read More

20 Sep
2017

No Fed Rate Hike Today, But Will Begin Shrinking Balance Sheet Next Month

Sep 20th, 2017 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

While the Fed policymakers left rates unchanged today, as expected, they signalled that there would be one more rate hike this year and three next year. At least one Federal Reserve policymaker has joined Jim Bullard, President of the St. Louis Fed and the resident inflation dove, in predicting no rate hikes next year; but Read More

20 Sep
2017

Mortgage Basics- Mortgage Types and Penalties

Sep 20th, 2017 | Posted in: Blog Posts, News

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

This is part two of our mortgage basics series. It is a good idea to revisit the basics when looking at a complex thing like a mortgage. There can be misunderstandings which crop up. The mortgage process can be very stressful as you wait for some anonymous entity top decide whether or not you are Read More

19 Sep
2017

Dominion Lending Centres Named to Profit 500 for Fifth Consecutive Year

Sep 19th, 2017 | Posted in: News, Press Releases

Posted by: Jeremy Deutsch

Lead Writer

Vancouver, B.C. – Dominion Lending Centres Group of Companies is proud to announce that it has been named, for the fifth straight year, to the 2017 PROFIT 500 list, as measured by CanadianBusiness.com and Maclean’s magazine. This year, DLC took spot #276 on the list, which ranks Canadian companies in terms of revenue growth as Read More

19 Sep
2017

Mortgage Basics – Types of Insurance

Sep 19th, 2017 | Posted in: Blog Posts, News

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

In part one of this two-part series, we will look at the types of insurances you will hear about during the mortgage process. Sometimes it is a good idea to revisit the basics when looking at a complex thing like a mortgage. There can be misunderstandings which crop up. The mortgage process can be very Read More

18 Sep
2017

Fighting with your spouse? A 2nd mortgage might fix your marriage and your money

Sep 18th, 2017 | Posted in: Blog Posts, News

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

Did you know that 30% – 40% of couples who get divorced do so over money. Divorce isn’t cheap either, so now is the time to fix your fighting and your finances! Are second mortgages a good idea? Sure, as long as you have an exit strategy and how it will get paid off at the least amount of Read More

15 Sep
2017

Canadian Housing Activity Still Well Below the Peak

Sep 15th, 2017 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

This morning’s release of the Canadian Real Estate Association (CREA) data for August posted a modest uptick in sales last month, ending a string of four consecutive monthly declines. However, activity remained 13.8% below the record set in March, prior to the April announcement of a 15% foreign buyers’ tax and a sixteen-point program to Read More

15 Sep
2017

How to Invest in Canadian Real Estate-From abroad

Sep 15th, 2017 | Posted in: Blog Posts, News

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Just because you are a Canadian citizen living abroad doesn’t mean that you are exempt from the rules for foreigners buying real estate in Canada. Foreign ownership applies if: • You don’t reside in Canada for more than 6 months a year (even if you are Canadian) • You don’t report your working income to Read More

14 Sep
2017

Saving for a down payment

Sep 14th, 2017 | Posted in: Blog Posts, News

Posted by: Kevin Bay

Dominion Lending Centres - Accredited Mortgage Professional

What prevents many potential homeowners from buying a home is the lack of a down payment. Many first-time home buyers are receiving down payment gifts from family. Unfortunately, many are not in this position and need to plan to save their own down payment. When you can visualize the benefits of owning your own home 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.
    Learn More
  • 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.
    Learn More