Blog Posts

15 Jan 2019

December Canadian Home Sales Weaken Further

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released today by the Canadian Real Estate Association (CREA) show that national home sales dipped for the fourth consecutive month, down 2.5% from November to December, capping the weakest annual sales since 2012. According to last week’s Bank of Canada Monetary Policy Report, housing activity in Canada has fallen by more than the Bank’s Read More

15 Jan 2019

2018 is in the books, here are the Q4 numbers!

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

2018 was a challenging year for the housing and mortgage market—new regulations, rate increases and more made it one of the toughest years for homeowners to qualify. Despite all this, there was still $45.3 billion in collective profits made by the Big Six Banks (Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Read More

14 Jan 2019

A shifting market… again

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

The recent data sure has changed the tone of rates in the coming months. The prime rate – what variable rates are based on, while a few short weeks ago was expected to rise three times in the next 18 months now with the data on the slowing of the market and uncertainty in projects Read More

11 Jan 2019

3 Things for every Homeowner to do in January

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

As we enter the New Year, there are a few things that we should all think about as homeowners. 1 – Replace your furnace air filter – if you read over the instructions for your furnace you will know that you are supposed to either clean or replace your furnace filter. We are three months into Read More

10 Jan 2019

Bullying Ends Here update for January 2019

Posted by: Tad Milmine

Founder, Bullying Ends Here

Hi Friends and welcome to 2019! I hope everyone had a terrific holiday season and was able to spend some quality time with loved ones. Seven years of Bullying Ends Here and sharing my story, along with Jamie’s, is now complete. Here are some highlights… To date: 49 young lives saved to date 3500 website Read More

9 Jan 2019

Bank of Canada Remains on Hold, Revising Down Oil Market Outlook

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada left the overnight benchmark policy rate at 1-3/4%, as expected. In another dovish statement, the Bank of Canada acknowledged a slowdown in global economic activity and highlighted that oil prices are roughly 25% lower than what they had assumed in the October Monetary Policy Report (MPR). The lower prices primarily reflected Read More

9 Jan 2019

9½ Steps to Repair and Improve Your Credit

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Though credit scores aren’t always an indicator of financial health, they are used in a variety of ways that could have a major impact on your life. Interest rates (including mortgage rates) are almost always determined by your credit score. Some employers & landlords may require a credit check to see if you have past Read More

8 Jan 2019

Why We Worked with a Broker

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

We recently had a couple come into our office who we had worked with in 2011. They had some life changes that had occurred in the past 7 years and were unsure if they could make things work. They came back to speak with us and shared a little bit of their story and thoughts Read More

7 Jan 2019

What’s In Store For 2019?

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

At the start of every New Year, pundits posit the forecast as everyone wonders what the year will bring. While no one has a crystal ball, here are some fundamentals at play this year: 1). Canada’s economy will continue to under perform the U.S. as growth slows to 1-3/4% in 2019 compared to just over Read More

7 Jan 2019

How to renew your mortgage in 5 simple steps!

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

If you have a mortgage, you’ll be completing a mortgage renewal when your current term has finished. While most Canadians spend a lot of time and expend tons of effort shopping for an initial mortgage, the same is generally not the case when looking at mortgage renewals. So what is a mortgage renewal? Mortgages terms Read More

  • Residential Mortgages

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    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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