News

23 Jan 2017

Construction Mortgage Part 1 – Serviced vs Unserviced Lots

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

On several occasions we have had people ask us at Dominion Lending Centres about construction mortgages. Every lender has their own guidelines and rules when it comes to construction mortgages. That’s because there are many details involved in the process of construction, let alone the mortgage that actually funds it! Below is part 1 of Read More

20 Jan 2017

Summary of the New Mortgage Market

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

There have been a lot of changes in the mortgage market over the past few months so many Canadian’s plans regarding homeownership may have shifted quite a bit from last year. First, new qualification rules came to pass in October where even though actual contract rates are sitting at about 2.79% all Canadians have to Read More

19 Jan 2017

4 Steps To a Financially Fit You in 2017!

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

Well, you have likely noticed that it is time for resolutions according to the plethora of fitness equipment and organizational plastic bins on sale in every flyer you open. It seems fitting that we take a 4 step approach to positioning yourself for financial fitness in 2017 as well. So first of all, I am going Read More

18 Jan 2017

Bank of Canada On Hold As Expected

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

It is no surprise that the Bank of Canada maintained its target overnight rate at 1/2 percent today, reaffirming its view that the Canadian economy is still operating with considerable slack despite strong employment growth and inflation remains below the 2 percent target. The policy statement highlighted that that “uncertainty about the global outlook is Read More

18 Jan 2017

Is the BC HOME Partnership Program Right For You?

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

The BC HOME Partnership Program was created for first time home buyers who have good credit and good income but do not meet the requirements for a minimum 5 percent down payment.  With at least 2.5% down payment the BC Home Partnership Program will allow you to purchase your home sooner than waiting to save Read More

17 Jan 2017

Why So Many Mortgage Documents?

Posted by: Kathleen Dediluke

Dominion Lending Centres - Accredited Mortgage Professional

Documents, documents and more documents. Yes that’s right you will need to provide your Dominion Lending Centres mortgage broker with as many documents that we request upfront as possible. Why? Because the more supporting documentation you have available will help us as brokers to find you your best mortgage options. If you don’t have everything Read More

16 Jan 2017

National Home Sales End 2016 On the Upside

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

This morning, the Canadian Real Estate Association (CREA) released its December national real estate statistics showing home sales rose 2.2% month-over-month in the final month of last year. This rebound retraced less than half of the decline in November, when it posted the largest monthly decline in more than four years in response to the Read More

16 Jan 2017

2016 Property Assessments vs. Market Value

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

SHORT VERSION: Do not rely on your provincial assessment for a fair market value of your property. The value printed on that document was arrived at during a time in the previous year, the market may have changed a bit since then, and not in the direction you might think. Do not rely entirely on the buyer’s Read More

13 Jan 2017

Now Is the Time To Get Pre-approved For Your Mortgage!

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

So 2016 was an exciting year in the mortgage world! The problem is that we mortgage professionals really hate it when things get exciting in our world. Between the economy and the federally mandated mortgage rule changes and their ensuing fallout, it is now more important than ever to get a solid pre-approval in place. Read More

12 Jan 2017

Startling Gap Between the Lifestyle Expectation and Reality of Canadians 40+

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

Over the last few years, we have seen many retired Canadians outliving their retirement savings and requiring a financial solution to help them live the rest of their retirement. In the media alone, there is a constant outpouring of articles relating to retirement planning, preparing enough savings for retirement, as well as numerous articles around 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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