Blog Posts

28 Mar 2017

Whiskey, Wine, and Weakness In Ottawa

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Our Government has concerns about their role with CMHC — essentially a mortgage insurance company — a role in which taxpayers are technically liable for their clients’ actions and behaviour (despite current CMHC premium reserves on hand to withstand up to a 40% market devaluation). These concerns were apparently part of justification used regarding recent Read More

27 Mar 2017

Consumer Debt vs Mortgage Debt

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

During a recent trip to our nation’s Capital with folks from Dominion Lending Centres and other mortgage groups, an Ottawa insider made an interesting comment: “We don’t care about consumer debt, because we don’t guarantee it.” This comment was made in an effort to justify recent increased restrictions placed on borrowers taking out insured mortgages Read More

22 Mar 2017

Budget 2017 – A Step Towards Stronger Potential Growth

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Budget 2017 continues the government’s commitment to support the middle class by enhancing Canada’s long-term growth potential. Investments to foster innovation, skills and the ability to attract top talent from around the world are included. An important and growing competitive advantage is Canada’s openness to trade and immigration, having a broader range of free trade Read More

10 Mar 2017

Is Today the Right Day To Buy Yourself A Home Or Not?

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Q. Is today the right day to buy yourself a home or not? A. Today is the right day assuming one has found a specific property that works for them on all levels. This question arises on a near daily basis within our social circles and most of the chatter around the topic is largely Read More

9 Mar 2017

8 Mar 2017

How To Not Qualify For A Mortgage

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

If you have no desire at all to qualify for a mortgage, here are some great ways to make sure you don’t accidentally end up buying a house and taking out a mortgage to do so. One of the best ways to ensure you won’t qualify for a mortgage is to be unemployed. Yep, banks Read More

7 Mar 2017

4 Critical Questions You Must Ask Your Mortgage Broker

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

We have often talked about understanding the personalities of your mortgage on our blog, but another part of that is working with your Dominion Lending Centres mortgage broker to ensure that you are getting the best product and sharpest rate possible. Asking critical questions will help you to not only understand your mortgage, but to Read More

6 Mar 2017

Inside and Outside the Box Mortgages in Today’s Market

Posted by: Kathleen Dediluke

Dominion Lending Centres - Accredited Mortgage Professional

As we truck along in 2017, Mortgage Brokers and Lenders are adjusting to the new risk based mortgage rate pricing that came into play after the Finance Minister changed Government backed mortgage default insurance regulations in late 2016. Lenders often choose to pay for mortgage default insurance on mortgages where the borrower was not required to Read More

3 Mar 2017

Stuck In a High Rate 10 Year Fixed Mortgage?

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

With low rate offerings over the past several years and a struggling economy, some homeowners chose to lock into a longer term mortgage even if the interest rate was a bit higher. If you are one of those people who feel stuck in a high rate 10 year fixed mortgage you may be wondering if Read More

2 Mar 2017

Prepare, Prepare, Prepare

Posted by: Jean-Guy Turcotte

Every year since October 2008 it’s become more and more difficult to obtain a mortgage. The government claims to be casting a safety net over the Canadian housing industry via stiffer mortgage regulations. What do you need to know to help prepare yourself for a home purchase, refinance, debt consolidation, or even a simple renewal? 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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