News

16 Oct 2019

September Data Confirm That Housing Is in Full Rebound

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the seventh consecutive month. Activity rose another 0.6% month-over-month in September to 512,000 units (seasonally-adjusted and annualized). This was the highest level in 21 months and 6.6% above the 10-year average shown in the chart below. Existing home Read More

15 Oct 2019

Building a Real Estate Portfolio

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the Canadian Pension Plan. What can Read More

11 Oct 2019

Robust Canadian Jobs Report in September

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Canadian jobs market continued to surprise on the high-side–on track for one of its best years on record. This provides further confirmation to the Bank of Canada that additional easing in monetary policy is not necessary. The economy added 53,700 jobs in September, well above expectation, taking the year-to-date jobs gain to just over Read More

10 Oct 2019

Mortgages 101 – What You Need to Know about Mortgages

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage [ˈmôrɡij] NOUN With a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict the home’s occupants and sell the house, using the income Read More

8 Oct 2019

Client Success Story: CHIP Reverse Mortgages

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

A retired couple on fixed pensions found themselves struggling to make ends meet each month. Both were in good health and wanted to maintain an active lifestyle. They had spent their working years paying off their mortgage and had little saved in their RRSPs. Now both in their 70s, they’re mortgage free. They love their Read More

26 Sep 2019

Reverse Mortgages in Canada differ greatly from those in the U.S.

Posted by: Sue Pimento

HomeEquity Bank - Vice President, Referred Sales, Eastern Canada

How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. But there are many people who mistakenly think that Canadian reverse mortgages are just like those offered in the U.S. As Canada’s leading provider of reverse mortgages, HomeEquity Bank Read More

24 Sep 2019

5 Mistakes First Time Home Buyers Should Avoid

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes first time homebuyers commonly make, and how you can avoid them and look like a Home Buying Champ. 1. Shopping Outside Your Budget It’s always an excellent idea to Read More

19 Sep 2019

Fixed Rates Outweighing Variable

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in almost a decade, the lowest 5-year fixed interest rate is more than 0.30% lower than the lowest available variable interest rate for new mortgages. For some, their current variable rate is Read More

17 Sep 2019

Bullying Ends Here update for September

Posted by: Tad Milmine

Founder, Bullying Ends Here

Hello my friends, What a summer it was. I hope you had the opportunity to take some time to yourself and be with loved ones. Even while schools were out, Bullying Ends Here has been hard at work planning for the current 2019/20 school year. With that said, we have some extremely exciting updates to Read More

16 Sep 2019

August Data Confirm That Housing Has Turned the Corner

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales rose for the sixth consecutive month. Transactions are now running almost 17% above the six-year low reached in February 2019, but remain about 10% below highs reached in 2016 and 2017. Toronto, Montreal and Vancouver all saw sales and prices 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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