Archive of All Posts

19 Jul
2019

Qualifying Mortgage Rate Falls For First Time Since B-20 Intro

Jul 19th, 2019 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The interest rate used by the federally regulated banks in mortgage stress tests has declined for the first time since 2016, making it a bit easier to get a mortgage. This is particularly important for first-time homeowners who have been struggling to pass the B-20 stress test. The benchmark posted 5-year fixed rate has fallen Read More

17 Jul
2019

Foreclosure, Bankruptcy, Consumer Proposal & Credit Counseling

Jul 17th, 2019 | Posted in: Blog Posts, News

Posted by: Kevin Carlson

Dominion Lending Centres - Accredited Mortgage Professional DLC The Mortgage Firm based in Regina, SK

The Canadian Bankers Association’s latest report on mortgage delinquency shows that Saskatchewan has the highest per capita of all the provinces. The national average shows that .24% of home owners are having difficulty paying their mortgage. Saskatchewan is more than triple that at .80% with next in line Atlantic Canada at .51% and then Alberta Read More

16 Jul
2019

What is a mortgage “refinance” and how does it affect me?

Jul 16th, 2019 | Posted in: Blog Posts, News

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

Refinancing a Home is one of those things where people understand what it is but have trouble explaining How it works. To put it simply, refinancing your Home allows you to access the equity you have built up, by changing the mortgage amount. Let’s say you bought a $300,000 condo and you paid 20% ($60,000) Read More

15 Jul
2019

June Home Sales Stopped Deteriorating in Three Western Provinces

Jul 15th, 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 were little changed in June following gains in the prior three months. Housing activity remains well below levels recorded over much of 2015-2017–the boom years. As the chart below shows, national sales have moved up to close to Read More

12 Jul
2019

5 ways you could use a CHIP Reverse Mortgage

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

Posted by: Eric Bisaillon

HomeEquity Bank - Executive Vice President, Referred Sales and Partnerships

Reverse mortgages are continuing to grow as a retirement solution for Canadians 55+. Homeowners 55+ are unlocking their home equity for tax-free funds that improve their cashflow and pay-off higher interest loans. Consider your own financial needs. Do any of these 5 common scenarios sound familiar? 1) You have missed a payment/made a late payment. Read More

10 Jul
2019

Bank of Canada Maintains Overnight Rate and Raises 2019 Forecast

Jul 10th, 2019 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada held the target overnight rate at 1.75% for the sixth consecutive decision and showed little willingness to ease monetary policy, as stronger domestic growth offsets the risk of mounting global trade tensions. There has been ongoing speculation that the Bank of Canada would be pushed into cutting interest rates by the Read More

10 Jul
2019

20 Terms that Homebuyers Need to Know

Jul 10th, 2019 | Posted in: Blog Posts, News

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Buying a home is one of the most important financial decisions you will make. It’s common for a first-time homebuyer to be overwhelmed when it comes to real estate industry jargon, so this BLOG is to help make some of the jargon understandable. To help you understand the process and have confidence in your choices, Read More

9 Jul
2019

5 mortgage tips to help you afford a home

Jul 9th, 2019 | Posted in: Blog Posts, News

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Buying a home is more difficult now than ever—and this is not news to anyone! No matter where you live, the recent stress testing measures, increase in housing prices in major cities, and continued increase of the cost of living all combine to make home ownership a daunting task. But we do want to offer Read More

5 Jul
2019

Following Months of Booming Jobs Growth, Gains Stall in June

Jul 5th, 2019 | Posted in: Blog Posts, Chief Economist, News

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

After a long stretch of stronger-than-expected Canadian jobs growth, it is not surprising that this notoriously volatile data series took a breather. There was little change in the number of employees in both the public and private sectors in June. The Canadian economy shed 2,200 jobs last month as self-employment fell 1.4% and other employment Read More

5 Jul
2019

Millionaires and real state

Jul 5th, 2019 | Posted in: Blog Posts, News

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Andrew Carnagie was one of the richest men in America over 100 years ago. Today his wealth would be worth $4.6 billion dollars. He was a shrewd businessman. While he made most of his money in oil and iron, he understood the value and importance of real estate in building wealth. Leveraging your money is Read More

  • Residential Mortgages

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    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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