Blog Posts

7 Nov 2018

Why can’t you port your mortgage?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you will easily get a new one. Policies and rates are changing rapidly and you Read More

6 Nov 2018

No need to panic after rate increase

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

  You may have already seen the more technical BANK OF CANADA RATE ANNOUNCEMENT on October 24th, or you may not have. The Coles Notes (the simplest version) are as such: Global economy remains strong, the USMCA will reduce trading uncertainty Canadian economy is balanced for the foreseeable 2 years Household spending will increase, but Read More

2 Nov 2018

Canadian Jobless Rate Fell To 40-Year Lows

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canada posted moderate employment gains as the unemployment rate dipped once again to historically low levels, which was the result of fewer people look for work. Despite very tight labour markets and rising job vacancy rates, wage growth weakened in October. Statistics Canada released data today that showed a moderate 11.2k gain in employment, but Read More

2 Nov 2018

A guide to your Home Buyers’ Plan

Posted by: Karen Penner

Dominion Lending Centres - Accredited Mortgage Professional

Start at the beginning… Registered Retirement Savings Plan = one of the best ways to save for retirement and your down payment and continuing your education. With an RRSP, your contributions reduce your taxable income. This is different from your TFSA (Tax Free Savings Account) which does not reduce your taxable income, but it does Read More

1 Nov 2018

Documents you need for your mortgage pre-approval

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

Being fully pre-approved means that the lender has agreed to have you as a client (you have a pre-approval certificate) and the mortgage broker has reviewed and approved ALL your income and down payment documents (as listed below) prior to you going house hunting. Many bankers will say you’re approved; you go out shopping and Read More

31 Oct 2018

Growing marijuana and selling your home

Posted by: Kevin Carlson

Dominion Lending Centres - Accredited Mortgage Professional DLC The Mortgage Firm based in Regina, SK

There is quite a bit of information being passed around about growing marijuana in your home that could or will  prevent the sale of your property down the road. CMHC is Canada’s federally owned mortgage insurer. As of October 25, 2018, their stance on homes that were former grow operations has not changed and reads as Read More

29 Oct 2018

Demand Loan vs. Term Loan. What’s the Difference?

Posted by: Allan Jensen

Dominion Lending Centres - Accredited Mortgage Professional

What’s the difference between a Demand Loan and a Term Loan? A recent commercial mortgage refinancing I was involved with resulted in a discussion around Demand Loans. What are they exactly, and how they might typically differ from a term loan? A demand loan is a loan that a lender can require to be repaid Read More

26 Oct 2018

7 Tips for Buying Your First Home

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

As a licensed Mortgage Broker, I am often asked “what do I need to know when buying my first home?” Everyone has their own aims and objects when buying their first home. As a Mortgage Broker, I specialize in making sure your financing is in order to facilitate your dreams of owning a home. Buying Read More

25 Oct 2018

Rates On The Rise Both Variable & Fixed

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

With the Bank of Canada in a mood to raise rates, it’s a similar feeling for the bond market, which impacts fixed rates. In every interest-rate market there are many factors leading to an increase and we are hoping to provide a little bit of clarity on what is happening and what it means to Read More

24 Oct 2018

Poloz Rate Hike Had A Hawkish Tone

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

As was universally expected, the Bank of Canada’s Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield to 1-3/4%. This marked the fifth rate increase since the current tightening phase began in July 2017 (see chart below). The central bank stated it would return the overnight rate to a 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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