Archive of All Posts

18 Sep
2018

HGTV’s original boss babe – Sandra Rinomato

Sep 18th, 2018 | Posted in: Blog Posts, News

Posted by: Jeremy Deutsch

Communications Advisor

After taking a turn as the host of Property Virgins and Buy Herself, Sandra Rinomato has come full circle putting her efforts back into Toronto area real estate. Sandra Rinomato fell into a career in real estate almost by accident. It was the mid-90s, and the future TV star was considering opening up a coffee Read More

17 Sep
2018

Four-Month Home Sales Gain Despite Weak B.C. Markets

Sep 17th, 2018 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Canadian housing market showed continued signs of stabilizing last month with sales edging upward and prices easing a bit. National home sales increased 0.9% in August, the fourth consecutive monthly gain. Sales in Toronto advanced 2.2% while they rose 2.9% in Vancouver. Nevertheless, the pace of sales activity remains below levels in most other Read More

13 Sep
2018

Mortgage Switches and Transfers

Sep 13th, 2018 | Posted in: Blog Posts, News

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage switches and transfers are becoming one of the more popular sources of revenue for certain lenders which means great incentives for borrowers as the banks and financial institutions fight for your business. When your mortgage is up for renewal, your lender will typically send you a letter either 6-months or 120 days before your Read More

12 Sep
2018

Keeping Your Credit Score Healthy

Sep 12th, 2018 | Posted in: Blog Posts, News

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

There is a lot of misinformation floating around about credit bureaus, credit reports and credit scores – not only that, but a large amount of the clients I work with have never even seen their credit report or score before! I’d like to shed a bit of light, as they say, on the importance of your Read More

11 Sep
2018

The Real Estate Bug

Sep 11th, 2018 | Posted in: Blog Posts, News

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The Real Estate Bug is something slowly starting to creep it’s way into the demographic of people in my social circle. Some, not all, are beginning to move on from their “Travel Bug” brought on from graduating high school or post-secondary and onto The Real Estate Bug. The Real Estate Bug doesn’t mean you are Read More

7 Sep
2018

Canadian Jobs Plunge in August As Unemployment Rises

Sep 7th, 2018 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In a real shocker, Statistics Canada announced this morning that employment dropped by 51,600, retracing most of the 54,100 gain in July. Economists had been expecting a much stronger number, but the Labour Force Survey is notoriously volatile, and job gains continue to average 14,000 per month over the past year. Full-time employment growth has Read More

7 Sep
2018

Subject Free Offers; Still Risky!

Sep 7th, 2018 | Posted in: Blog Posts, News

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

The majority of my clients have stellar qualifications: established careers and businesses, excellent credit ratings, solid down payment funds, etc. They are truly awesome individuals who will almost certainly receive mortgage financing without a hitch. Almost certainly. With multiple offers, bidding wars, and over-asking-price bids now common as far afield from Vancouver proper as Port Read More

6 Sep
2018

4 Mortgage Steps to Overcoming High Consumer Debt

Sep 6th, 2018 | Posted in: Blog Posts, News

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Client success stories are what make our job WORTH IT (We think most mortgage brokers would agree). So, with this in mind, we are sharing a recent client’s story that allowed them to not only purchase the home they wanted, but also pay down their own debt. Mortgage Problem: We had a young couple with Read More

5 Sep
2018

Poloz Holds The Line On Rates

Sep 5th, 2018 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

As expected, the Bank of Canada held its key overnight rate this morning at 1.5%, asserting that July’s surprising spike in CPI inflation to 3% was in large part because of a jump in airfares. The Bank expects inflation to move back towards 2% in early 2019, as the effects of past increases in gasoline Read More

5 Sep
2018

Bridge Loans

Sep 5th, 2018 | Posted in: Blog Posts, News

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

If you have ever sold your home in order to help with the purchase of your next home, chances are you have heard of bridge financing. Bridge financing is an option available to homeowners if they find themselves in a little bit of a pinch when it comes to two different completion dates. A situation Read More

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