Blog Posts

15 May 2017

New Listings in Toronto Surge 36% As Sales Decline

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Since last month’s release of CREA housing data, the Ontario government has introduced a similar 15% tax on foreign purchases in the Greater Golden Horseshoe (GGH), which is Canada’s largest urbanized area centred on the City of Toronto, where house prices have risen very sharply over the past decade and spiked in 2016 (see map Read More

5 May 2017

Canadian Unemployment Rate in April at 6.5%–Lowest Rate Since October 2008 –But Annual Wage Gains fell to Another Record Low

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canada’s economy generated virtually no net new job growth in April, on the heels of a  multi-month employment rally that was the strongest in years. Employment has now increased in 15 of the last 17 months with growth over the last year averaging a solid 23,000 per month. The details of the monthly report for Read More

5 May 2017

Emotional Homebuyers Can Lose Out On the Best Deals

Posted by: Marc Shendale

Genworth Canada - Vice President Business Development

Buying a home is financial decision, but also an emotional experience. Before we’ve explored every room, we often start imagining our new lives there. Where our furniture will go. The parties we’ll host in the open-concept living-dining space. The mornings we’ll spend at the breakfast bar overlooking the garden or skyline… When a home speaks Read More

4 May 2017

Hey Landlords! You Need To Read This!

Posted by: Nathan Lawrence

Dominion Lending Centres - Accredited Mortgage Professional

If you have not yet found yourself skimming the news online today, you may not have heard yet about the Provincial Government’s announcement regarding the Ontario Housing and Rental Markets. The Provincial Liberal Government, laid out for the Province their plan to address issues in key aspects of the Real Estate and Rental Property Markets Read More

3 May 2017

Reverse Mortgages – No, We Don’t Want Your Home!

Posted by: Yvonne Ziomecki

HomEquity Bank - Senior Vice President, Marketing and Sales

Reverse Mortgages have had their share of misconceptions. In fact, we are often approached with false assumptions and unfounded facts about the product that steer the public to think of the product in a negative light. This article will cover one of the most common myths and the real facts behind this myth that has Read More

2 May 2017

Getting a Mortgage After Consumer Proposal or Bankruptcy

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Life can definitely throw some challenging financial situations your way. As mortgage professionals, we can provide solutions and strategies during or after these challenging times in order to get you back on track. We have access to banks, trust companies and mortgage companies that specialize in this transitional period to help you move forward with Read More

1 May 2017

Spousal Buyout Mortgage?

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

If you happen to be going through, or considering a divorce or separation, you might not be aware that there are mortgage products designed to allow you to refinance your property in order to buyout your ex-spouse. For most couples, their property is their largest asset and where the majority of their equity has been Read More

21 Apr 2017

Ontario’s Premier Jump-Starts Housing Cool Down Before the Budget

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Premier Kathleen Wynne surprised the market yesterday by announcing sweeping measures aimed at cooling the red-hot housing market a full week before Ontario Budget Day. The sixteen-measure package is largely intended to do three things: Cool demand; boost supply; and limit the increases in rents.  No one doubts that something needed to be done to Read More

21 Apr 2017

Determining the Best Mortgage…For YOU!

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

So you have saved, and saved and you are finally ready to start house hunting…but before you do, there are a few things that you should be looking into BEFORE you start buying. Namely, your mortgage options. Did you know that there are various mortgage products? Or that each mortgage product has it own personality? They Read More

20 Apr 2017

Down Payment Verification – 5 Key Points

Posted by: Nathan Lawrence

Dominion Lending Centres - Accredited Mortgage Professional

One of the essential aspects of every mortgage application is the discussion pertaining to your down payment. Home purchases in Canada require a minimum down payment of your own funds to be put towards the deal. Your stake in the purchase. It is important that during the discussions with your Mortgage Broker that all the 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