Blog Posts

31 Jan 2018

Best Canadian GDP Growth in Six Months Led by Manufacturing Comeback

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Real Gross Domestic Product (GDP) increased 0.4% in November, bouncing back from a disappointingly flat economy in October. The improvement reflected a rebound in most factory sectors as goods-producing industries rose 0.8% after declining 0.5% in October. November’s gain was mainly due to increases in the manufacturing and mining, quarrying and oil and gas extraction Read More

31 Jan 2018

For Rental Properties, Cash (Flow) is King

Posted by: Shaun Serafini

Dominion Lending Centres - Accredited Mortgage Professional

Ask pretty much anybody about mortgages and the first, sometimes only thing they want to talk about is the interest rate. In my business as a Mortgage Professional, my job is to educate clients that while interest rate is definitely a cornerstone of your mortgage decision, it is not the only factor to consider when Read More

30 Jan 2018

Are you in a Variable Rate Mortgage? Me too.

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Are you in a Variable Rate Mortgage? Me too. If you’re in a fixed rate mortgage, this news does not impact you. Mind you ‘impact’ is too strong a word to use for the subtle shift that occurred Jan 17, 2018. Short Version The math is as follows: A payment increase of ~$13.10 per $100,000.00 Read More

29 Jan 2018

8 Things You Can Do To Get The Best Renewal

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

With 47 per cent of homeowners scheduled to renew their mortgages this year, 2018 is a year of change for lots of Canadians. Here are the top 8 things you can do to get the best renewal: 1. Pull out your mortgage renewal now, and start early. When you are proactive instead of reactive you Read More

26 Jan 2018

Splendour of the Past-Our House Magazine

Posted by: Jeremy Deutsch

Communications Advisor

Things to consider before you buy a heritage home We’ve all walked by them at some point and marveled. It’s the character house that has to be at least 100 years old and is still standing. Your mind takes you to a different place. You start thinking about what life must have been like when Read More

25 Jan 2018

Mortgages with the 20 Per Cent

Posted by: Max Omar

Dominion Lending Centres - Accredited Mortgage Professional

There have been a lot of discussions around the new mortgage rules and I have had a few clients ask about what that means for them. Since stress testing on mortgages began last year, the biggest change this January will be for people who are putting more than a 20% down payment on their new Read More

24 Jan 2018

Get Ahead of the ‘Rate Train’

Posted by: Kristin Woolard

Dominion Lending Centres - Accredited Mortgage Professional

A recent article featured on www.mortgagebrokernews.ca brings up some interesting points to consider. With approximately 47% of mortgages in Canada coming up for renewal in 2018 and in a rising rate climate, it would be wise to consider the impact on our personal mortgage. What will these increases mean for you? 70% of Canadians are Read More

23 Jan 2018

What is a Property Assessment vs a Home Appraisal?

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

It’s the time of year when many homeowners are getting their property assessments. The real estate market is the single biggest influence on market values. Market forces vary from year to year and from property to property. The market value on an assessment notice may differ from that shown on a bank mortgage appraisal or Read More

22 Jan 2018

Mortgage Broker Value

Posted by: Allan Jensen

Dominion Lending Centres - Accredited Mortgage Professional

Not surprisingly, borrowers often default to their own Banker. And why not? It’s an established and comfortable relationship. Perhaps it’s viewed as the path of least resistance. But is it the right lender for the borrower’s current specific needs? Perhaps not. More sophisticated borrowers may be of a size or scale that they have their Read More

19 Jan 2018

How mortgage brokers help you get approved by ‘A’ lenders

Posted by: Tracy Valko

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 in the good times, not so much during the bad times. This is where thousands of families have benefited over the years from the services 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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