News

15 Feb 2019

January Canadian Home Sales Improve

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 improved in January, climbing 3.6% from December ’18 to January ’19. Last year’s annual sales were the weakest since 2012. As the chart below shows, national monthly home sales remain below their 10-year moving average and are decidedly lower than Read More

15 Feb 2019

3 Reasons why your Realtor would like you to have a garage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Your realtor will be happy to list your property and sell it for you. However, if you have a garage, they will be much happier. Why? Here’s the reasons why realtors prefer to sell homes with garages: 1 – Homes with a garage, attached or detached sell faster and for more money, usually $20-30,000 more. Read More

14 Feb 2019

High Ratio and Conventional Mortgages

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

There are two different types of mortgages when it comes to their balance in relation to the value of your home- high ratio or conventional. When you applying for a mortgage, lenders use a ratio called loan to value. Your loan to value is exactly what it sounds like, the size of your mortgage in Read More

13 Feb 2019

7 Reasons Why You Need a Garage

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Besides the obvious advantage of not having to go lug your groceries into the house in the rain, sleet or snow, there are a number of less obvious but important reasons to consider buying a home with a garage or building it sooner rather than later. 2- I just had $3,200 worth of hail damage Read More

12 Feb 2019

How do you know when you’re ready to buy house?

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

Here are 7 signs that you’re ready to buy your first home… 1. You have saved enough for the down payment Most people think the biggest hurdle to overcome when buying a house is saving up a down payment. You normally need to save at least 5% of the purchase price as a down payment. Read More

8 Feb 2019

Canadian jobs surge in January as jobless rate rises to 5.8%.

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Housing News January Data From Local Real Estate Boards In separate releases, the local real estate boards in Canada’s largest housing markets released data this week showing home sales fell sharply in Vancouver, edged upward in Toronto and continued robust in Montreal. Overall, higher interest rates, the mortgage stress test and in the case of Read More

8 Feb 2019

7 Feb 2019

Get to know Title Insurance

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Are you officially Mortgage Free? CONGRATULATIONS! That is a monumental milestone to achieve! With that significant accomplishment, you should look at obtaining a Title Insurance Policy. What most people don’t realize is that when you had a mortgage, the lender will likely have had this in place for you. Once your mortgage is paid out Read More

6 Feb 2019

What Questions to Ask When Considering a Refinance

Posted by: Nathan Lawrence

Dominion Lending Centres - Accredited Mortgage Professional

Many of my clients and friends regularly ask me when or if they should consider a refinance. Here are 4 quick questions that I ask of them. The answer they give me, will very quickly tell me if we should be taking a deeper look at the mortgage refinance options available to them. What do Read More

1 Feb 2019

Postponement & Standstill Agreements. What you need to know

Posted by: Allan Jensen

Dominion Lending Centres - Accredited Mortgage Professional

Multiple Lenders are typical Borrowers often have to access funding from more than one lender, to finance their operational requirements. For example, an operating company might have a day-to-day operating lender. They may also have a senior secured lender, a subordinated lender, and any number of unsecured lenders. Real estate owners or developers often secure 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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