News

16 Feb 2018

Pre-Sales- Safe of New Rules?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The best part about pre-sales, especially for first time home buyers, is it allows you to reserve a unit for the cost of a deposit and have a significant amount of time to get everything in order. You can save money while renting or living at home, arrange a mortgage that best suits your needs, Read More

15 Feb 2018

Canadian Home Sales Slide In January Led By Greater Golden Horseshoe

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

It is no surprise that housing activity slowed in January following a pulling-forward sales surge as homebuyers hurried to purchase before the mortgage rule changes in 2018. The January 1 implementation of the new OSFI B-20 regulations requires that uninsured mortgage borrowers be stress-tested at a mortgage rate 200 basis points above the contract rate Read More

15 Feb 2018

Improving your credit score

Posted by: Tracy Valko

Dominion Lending Centres - Accredited Mortgage Professional

Your credit score is a big factor when you apply for a mortgage. It can dictate how good your interest rate will be and the type of mortgage you qualify for. Mortgage Professionals are experienced helping clients with a wide range of credit scores so we can find you a mortgage product even if your Read More

14 Feb 2018

The role of the insurer in a mortgage

Posted by: Asif Qureshi

Dominion Lending Centres - Accredited Mortgage Professional

Any time a down payment for the mortgage is less than 20%, it is required that the mortgage must be insured thru an Insurer. Why does this mortgage need to be insured, who provides this type of insurance, what does this insurance mean, who is the beneficiary, how much does this insurance cost? All these Read More

13 Feb 2018

What’s an acceptable down payment for a house?

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Ask people this question and you will get a variety of answers.  Most home owners will say 10% is what you should put down. However, if you speak with your grandparents, they are likely to suggest that 20% is what you need for a down payment. The truth is 5% is the minimum down payment Read More

9 Feb 2018

Jobs Decline In January Following Blockbuster Year

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canada shed 88,000 jobs in January, the most significant drop in nine years, driven by a record 137,000 plunge in part-time work. Full-time employment was up 49,000 while the unemployment rate increased a tick to 5.9%–only slightly above the lowest jobless rate since 1976. January’s sharp decline brings to an end a stunning 17-month streak Read More

8 Feb 2018

The Taste of Home – Our House Magazine

Posted by: Jeremy Deutsch

Lead Writer

Restaurateur and TV personality Vikram Vij on the joy of cooking—slowly—at home The culinary landscape in North America is amply populated with chefs and personalities putting their spin on a style of cooking designed to get your attention. With the explosion of the foodie culture in recent years, cutting through the clutter would seem a Read More

7 Feb 2018

6 Home Purchase Closing Costs

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

When you purchase your home, there are 6 additional costs to account for. They include: Home Fire and Flood Insurance Title Insurance Legal Fees Adjustments Land Transfer Tax GST Here’s an overview of what you can expect. Home and Fire Insurance. Mortgage lenders will require a certificate of fire insurance to be in place by Read More

6 Feb 2018

What is the Canadian Mortgage and Housing Corporation (CMHC)?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

The Canadian Mortgage and Housing Corporation (CMHC) is a corporation that most are semi-familiar with, but do not know what CMHC actually does. CMHC is Canada’s authority on housing. They contribute to the stability of the housing market and the financial system. They also provide support for Canadians in housing need and offer objective housing Read More

5 Feb 2018

Which Lender is Right for You?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

The following is a summary of the choices available for clients when looking at the four different types of lending groups. Which one is best will all depend on who you are as a borrower, what your current situation is now, and what your situation will look like in the future. Big Banks Currently, mortgage 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