News

18 Aug 2017

Top 5 costly financial mistakes homeowners make with their mortgage

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

1. Not consolidating high interest debt into low interest mortgage. 2. Paying “fees” to get the lower rate 3. Not looking at their long term forecast 4. Taking a 5 year rate when 3-4 years can be cheaper 5. Having their mortgage with a lender that has high penalties and restrictive clauses. Not consolidating high Read More

17 Aug 2017

What does the future hold for mortgages?

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

There have been a dizzying number of changes to the mortgage rules over the last six or seven years. The red hot markets in Toronto and Vancouver coupled with increased household debt and concerns over the risk to the Canadian tax payer through CMHC have caused the federal government to step in repeatedly. Here are Read More

16 Aug 2017

15 Aug 2017

Housing Market Weakens Further in July, But Drag From GTA Dissipates

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

This morning’s release of the Canadian Real Estate Association (CREA) data for July confirmed that key housing markets in Canada continued to slow, led by the Greater Golden Horseshoe (GGH) region surrounding Toronto. This region’s marked slowdown began in late April with the announcement of a 15% foreign tax credit and a sixteen-point program to Read More

15 Aug 2017

Secrets for building your credit

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Over the years, I have come across all sorts of people who have had no idea what their credit score is. Some of them have declared to me that they have great credit only to find that they had poor credit scores or a number of late payments. I have also had people tell me Read More

11 Aug 2017

Is it Really All About Rate?

Posted by: Allan Jensen

Dominion Lending Centres - Accredited Mortgage Professional

Is It Really All About Rate? You might conclude that it is. You may think that securing the lowest rate is key to your real estate investment success. However, rate is but one of the four main components of any commercial mortgage offer. Amount, term and amortization period are also critical factors. It’s all related Read More

10 Aug 2017

Know Your Numbers

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Most people know their weight. Their height. Their age. Their birth date. Their address. Their SIN. Even their income. Could you imagine if you always had to say to someone, “Can I get you that information when I get home? It’s written down in my planner… ” Knowing your everyday numbers is important. It allows Read More

9 Aug 2017

Home Equity Line of Credit in Canada vs. Reverse Mortgages

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

In our business, we are constantly approached with questions about how reverse mortgages work and how they compare to Home Equity Lines of Credit (HELOCs). HELOCs are the most closely comparable products in Canada and many believe them to be superior to reverse mortgages. But many Canadians look at only two things and assume HELOCs Read More

8 Aug 2017

Financing Success: Finding funding when the bank turns you down

Posted by: Jennifer Okkerse

Dominion Lending Centres - Director of Operations, Leasing Division

For businesses large and small, a loan may be needed to overcome financial distress, purchase real estate, or acquire equipment to make their jobs easier. Business loans come in all sizes and for use in every aspect of business. Depending upon the size, age, and niche of your business, you can find available funding for Read More

4 Aug 2017

Canadian Unemployment Rate in July Falls to 6.3 percent–Lowest in Nearly Eight Years

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canada’s red-hot jobs market took a breather in July, posting employment gains of 10,900, up just 0.1 percent following much stronger job gains since late last year. As the labour force participation rate edged downward, the jobless rate fell 0.2 percentage points to 6.3 percent, its best reading in almost nine years. Canada’s economy remains 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.
    Learn More
  • 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.
    Learn More