Blog Posts

12 Dec 2017

What is a cash back mortgage?

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Every once in a while, a bank will advertise a cash back mortgage. It sounds great but there are a few things to consider. When you purchase a home, you may find that you need some extra cash. You may want to renovate, purchase some furniture, or start on building a fence or landscaping.. Fortunately, Read More

11 Dec 2017

Is it time to lock in a variable rate mortgage?

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Approximately 32 per cent of Canadians are in a variable rate mortgage, which with rates effectively declining steadily for the better part of the last ten years has worked well. Recent increases triggers questions and concerns, and these questions and concerns are best expressed verbally with a direct call to your independent mortgage expert – Read More

8 Dec 2017

Returning To The ‘A-Side’

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Every year Canadian families are caught in unexpected bad circumstances only to find out that in most cases the banks and the credit unions are there (to lend you money) only in the good times, not so much during the bad times. This is where thousands of families have benefited over the years from the Read More

7 Dec 2017

Strength in Turbulent Time – Impacts of Canada’s New Mortgage Rules

Posted by: Steve Ranson

HomEquity Bank - President & CEO

Mortgage brokers have become an integral part of Canada’s financial landscape. Rather than deal directly with banks, about 30 per cent of Canadians turn to independent brokers to help them secure the best terms for their loan. But as residential real estate markets continue to power ahead at a time of economic uncertainty, government regulators Read More

6 Dec 2017

No Surprises from the Bank of Canada

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Holds Steady–Will Raise Rates Only Cautiously The Bank of Canada held overnight interest rates at 1.0% once again, following the two consecutive rate hikes at the July and September meetings. It was widely expected that the Bank would retake a breather this round despite the much stronger than expected November employment report and the recent Read More

6 Dec 2017

The easy option isn’t always the best

Posted by: Jonathan Barlow

Dominion Lending Centres - Accredited Mortgage Professional

For those of us looking for mortgage financing options for our first or next home, the prevailing attitude is, ‘easiest is best’. For most of us, myself included, applying for any type of financing is a stressful event; its always easier to, when you’re in your local branch, to strike up a conversation with an Read More

5 Dec 2017

OSFI mortgage changes are coming

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

As many of you may remember, this past October the Office of the Superintendent of Financial Institutions (OSFI) issued a revision to Guideline B-20 . The changes will go into effect on January 1, 2018 but lenders are expecting to roll this rules out to their consumers between December 7th – 15th, and will require conventional mortgage applicants to Read More

4 Dec 2017

3 Mortgage Terms You Need to Know

Posted by: Tracy Valko

Dominion Lending Centres - Accredited Mortgage Professional

Prepayment, Portability and Assumability Prepayments One of the most common questions we get is about mortgage prepayments. The conditions vary from lender to lender but the nice thing about prepayments is that you can pay a little more every year if you want to pay off your mortage faster. A great way to do this Read More

1 Dec 2017

Incredibly Strong Jobs Report in November, Q3 GDP Growth Slowed On Weak Exports and Housing

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The highly anticipated November Labour Force Survey, released this morning by Stats Canada, surpassed all forecasts breaking multi-year records. Employers added a whopping 79,500 jobs last month, bringing the gains over the past 12 months to nearly 400,000. November’s data posted the most robust job market since the 2008-09 recession as the jobless rate plunged Read More

1 Dec 2017

Getting on the Property Ladder

Posted by: Kris Grasty

Dominion Lending Centres - Accredited Mortgage Professional

As property prices continue to rise across Canada, the conversation around “how to climb the property ladder” has made a subtle shift to “how to get on the property ladder in the first place.” Especially if you’re single. Whereas before it was assumed anyone would qualify to buy a starter home (or condo), nowadays with 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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