News

17 Feb 2017

Financing Solution – Home Equity Line Of Credit

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

The Home Equity Line of Credit (HELOC) lets you split up your mortgage debt and borrow against your equity at low rates. The unique feature of this mortgage product is that you can slice the pie (the mortgage balance) into various segments. All of it is registered against the subject property title as just one Read More

16 Feb 2017

Be the Sunshine For a Senior This Month

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

As Canadians, February can be one of the hardest months. It’s when the wounds of the holiday credit card bills are still fresh and taxes for the upcoming season need to be prepared. Financial stress may be at its peak. According to Statistics Canada, over 1.4 million senior Canadians reported feeling lonely. The loneliness and Read More

15 Feb 2017

New Mortgage Regulations Weigh On Home Sales

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

This morning, the Canadian Real Estate Association (CREA) released its January national real estate statistics showing home sales declined 1.3% month-over-month in the first month of this year. This down draft put resales at their second lowest monthly level since the fall of 2015 and only  a bit above levels recorded last November when new Read More

15 Feb 2017

What You Need To Know About No Frills Mortgages

Posted by: Kathleen Dediluke

Dominion Lending Centres - Accredited Mortgage Professional

You’ve been offered an amazing rate and you just can’t believe how much you will save. You’re super excited and getting ready to go sign off on the papers when you randomly run into a mortgage broker and mention the deal you scored. The broker says to you that’s an awesome rate, any idea what Read More

10 Feb 2017

China’s Global Homebuyers Could Be Suddenly Cash Poor

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Property prices around the world have benefited from the demand of foreign buyers, a.k.a. China’s capital outflows. China has issued unexpected rules on exchanging yuan for international currency. This could impact real estate around the world. Some argue it already has. China’s Clamp Down on Outflows As capital flight intensified, China’s reserves have plunged, causing Read More

10 Feb 2017

Canadian Job Surge in January

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

January’s payroll gain was a huge 48,300 Statistics Canada said on Friday in Ottawa, well above economists’ forecast of a loss of 10,000 jobs. This follows a gain of a whopping 46,100 in December. The unemployment rate fell by 0.1 percentage points to 6.8%. Employment growth has been strong since August. Canada posted the best Read More

3 Feb 2017

US Employment Strong In January, But Wages Lag

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Job growth in the US in January was better than expected, rising 227,000–up from 157,000 in December–according to the Labor Department report on Friday in Washington. While payrolls have been strong, however, wage increases remain disappointingly muted. The unemployment rate rose a tick to 4.8 percent, and average hourly earnings grew 2.5 percent year-over-year, the Read More

3 Feb 2017

What Does It Actually Mean To Co-sign For a Mortgage?

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

There seems to be some confusion about what it actually means to co-sign on a mortgage and you know that where there is confusion, your trusted mortgage professional seeks to offer clarity. Let’s take a quick look at why you may be asked to co-sign and what you need to know before, during, and after Read More

2 Feb 2017

10 First Time Homebuyer Mistakes

Posted by: Marc Shendale

Genworth Canada - Vice President Business Development

If you’re on the hunt for your first home and want to have a smooth and successful home purchasing experience avoid these common first-time homebuying mistakes. 1. Thinking you don’t need a real estate agent You might be able to find a house on your own but there are still many aspects of buying real Read More

1 Feb 2017

Fed Points To Rising Confidence Leaving Rates Unchanged

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Federal Open Market Committee (FOMC) reiterated in their press release today that the labor market is strengthening and the economy continues to expand at a moderate pace. The consumer is doing most of the heavy lifting as business investment remains soft, but both business and consumer confidence is rising. Inflation has ticked up, but 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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