News

19 Apr 2018

Imagine your future home

Posted by: Jeremy Deutsch

Communications Advisor

This article appears in the April issue of Our House Magazine  Looking back at predictions from 50 years ago of what a home would look like and be able to do today, it’s almost laughable. Back then, the home of the future would include rooftop pools that act as air conditioners and a garage for Read More

18 Apr 2018

Poloz Holds Rates, Sees More Room For Growth and Rising Inflation

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Canadian dollar fell sharply immediately after the release of the Bank of Canada’s Official Statement providing a more bullish forecast for the economy while holding rates steady. The Bank hiked its estimate of noninflationary potential growth, implying there was more room to grow without triggering rate hikes. The central bank now suggests the economy Read More

18 Apr 2018

Closing Costs

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Closing costs are a necessity when it comes to purchasing a home. They are not included in down payments, they are not included in monthly mortgage payments, nor are they included in the purchase price of a home, but you are still responsible for paying them, in full. Knowing they exist is half the battle, Read More

17 Apr 2018

Breaking a mortgage – can you do it?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Do you have a mortgage? So do I! Looks like we have something in common. Did you know that 6 out of 10 consumers break their mortgage 38 months into a 5-year term? That means that 60% of consumers break a 5-year term mortgage well before it’s due…but do you also know what the implications Read More

16 Apr 2018

Canada’s Housing Market Continues Soft Landing

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Data released today by the Canadian Real Estate Association (CREA) show a small uptick in home sales nationally in March, their first monthly increase in three months. This comes on the heels of a more than 19% decline in the previous two months as the tighter mortgage stress-testing rules at federally regulated lenders have reportedly Read More

13 Apr 2018

The Flexible Down Payment Program

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

One of the toughest challenges for homebuyers is being able to save money at the rate of property price increases. We know many high-income renters would like to be homeowners, but they’re just unaware of how to make the transition and are unable to save fast enough. There are several options which are great for Read More

12 Apr 2018

Vacant Possession

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

DISCLAIMER: This post is written for buyers, in other words people who do not currently own a tenanted property. This post is not suggesting in any way that the rights of an existing tenant be infringed upon Purchasing a residential property? Two words that matter this Spring; Vacant Possession Your contract had best contain a Read More

11 Apr 2018

The Mortgage Insurance Market & Wholesale Lenders

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

The Canadian mortgage market used to be very simple. We had the big banks, credit unions, and trust companies. However, almost 20 years ago, the Canadian government made three major changes to the Canadian mortgage industry. First, the government and CMHC put their weight behind Canadian mortgages by guaranteeing an insurance payout to lenders in Read More

10 Apr 2018

Setting Up Your HELOC

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

A HELOC, or, Home Equity Line of Credit, can be one of the greatest gifts you give yourself. Borrowing money against your home as you accumulate equity through a shrinking mortgage or an increasing property value- something almost many people in the Vancouver and Toronto markets can relate to. With all this increasing value and Read More

9 Apr 2018

Top 5 Things To Consider When Building Your New Home

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Building a new home – It’s something that many couples dream of. It can be an exciting, stressful, joyful, crazy time period that many walk away from saying “never again” or “bring on the next one!” We scoured the internet and sorted through our own experiences to bring you the Top 5 things to consider 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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