Blog Posts

21 Aug 2018

5 GREAT Reasons To Provide a 20% Down Payment when Buying a Home

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

There are many challenges that come into play when you’re in the market to buy a home. Buyers say the number one obstacle to home ownership is saving enough for a down payment, the amount that the buyer provides toward the purchase of their home. Exactly how much do you need to put down? Assuming Read More

20 Aug 2018

Mortgage brokers have solutions

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

A lot of people are getting stressed out by Canada’s new mortgage stress test. In the past, if you had a good sized down payment (ie 20%) someone with a low income could purchase a home even if they did not meet the debt level guidelines for insured mortgages of 32/40 . Later this was Read More

10 Aug 2018

Canada’s Jobless Rate Returned to a Four-Decade Low in July

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics Canada announced this morning that employment increased in July and the jobless rate fell .2 percentage points to 5.8%–returning to its lowest level since the 1970s posted earlier this year. The economy added a stronger-than-expected 54,100 net new jobs last month–its most significant advance this year. This gain, however, was driven by increases in Read More

10 Aug 2018

A tailor-made solution for some borrowers

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Recently, two of my lenders came out with new products – Interest only mortgages. We have had these available from private lenders for many years but at much higher interest rates. They are useful for real estate investors and people who have consolidated debts and need six months to a year to get back on Read More

9 Aug 2018

Want to Buy Rural Property? 6 Things to know before you buy!

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Living in the country has extreme appeal for some people. Space, peace and quiet, big home, big yard, place to raise your family… the list goes on. If you are considering buying a rural home, there are a number of things to consider, not the least being how different it is to get a mortgage. Read More

8 Aug 2018

Dominion Lending Centres launches new app My Mortgage Toolbox

Posted by: Jeremy Deutsch

Communications Advisor

For Immediate release August 8th, 2018 Vancouver, B.C. – The nation’s leading mortgage company is making it easier for consumers to navigate the Canadian mortgage landscape. My Mortgage Toolbox is a new mobile app from Dominion Lending Centres designed to be a pocket-sized mortgage guide for everyday Canadians. A first-of-its-kind for the industry, the app Read More

8 Aug 2018

The 3 Steps that take you from Pre-Approval to Your New Home

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Picture this: You’ve finally been able to put away enough for a down-payment on your dream home. It’s taken you five years of diligent saving, but you did it! You have also been diligently working on improving your credit score and paying off debts and are at a place of financial stability. So, first of Read More

7 Aug 2018

What Is a Monoline Lender?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

What usually follows once someone hears the term “Monoline Lender” for the first time is a feeling of suspicion and lack of trust. It’s understandable, I mean why is this “bank” you’ve never heard of willing to loan you money when you’ve never banked with them before? In an effort to help you see the Read More

3 Aug 2018

Vancouver Housing Activity Weakens as Toronto Rebounds in July

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Metro Vancouver The Real Estate Board of Greater Vancouver (REBGV) reported this week that July’s residential housing sales in Metro Vancouver* skidded to their lowest level for that month in 18 years. Residential property sales in the region totalled 2,070 last month, a 30.1% decline from the record level posted in July 2017, and a Read More

2 Aug 2018

My First Home-Our House Magazine

Posted by: Gary Mauris

Dominion Lending Centres - President and CEO

We all remember our firsts. Our first day of school, our first bicycle and our first love. It’s no different for our first home. And I remember mine like it was yesterday. I bought my first home shortly after turning 19 in the late 1980s. It was a single-family home in the River Springs neighbourhood 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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