News

3 Apr 2019

How a side hustle can change your home-buying outlook

Posted by: Chris Cabel

Dominion Lending Centres - Accredited Mortgage Professional

So you want to buy a house, but you’re short on the downpayment. Have you ever considered getting into some sort of “side hustle.” The term side hustle describes something you do to make extra cash outside your full-time job. Anyone can make a hundred bucks on the side by literally doing anything – mowing Read More

2 Apr 2019

We’re not just a mortgage company

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Well, it finally happened. I was meeting with a financial advisor today and they looked at my business card and asked “Why does it say Dominion Lending Centres and not Dominion Mortgage Company?” I have been waiting 7 years to hear this question. I had an answer all ready for today. I said “that’s because Read More

27 Mar 2019

A bank that may not be familiar to you

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Quiz time! Who is the largest non-bank mortgage originator in Canada with over $100 billion dollars in mortgages under administration? Answer – First National Financial Corporation. If you’ve never heard of them before, don’t feel bad. The only way to get a First National mortgage is through the broker channel. They do not have any Read More

26 Mar 2019

Interest rate cut more likely than hike in 2019

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

When the Bank of Canada decided this month to keep its benchmark interest rates stable at 1.75%, it signalled the weakening economy makes it unlikely a rate increase is anywhere on the horizon. Inflation is not where it should be, we’re not in a deflation mode right now, but inflation is under control and there’s Read More

25 Mar 2019

2019 Budget Announcement – Policy or Politics?

Posted by: Dustin James

Dominion Lending Centres - Accredited Mortgage Professional

In the wake of the 2019 Budget Announcement, I find myself wondering if the Affordable Housing Incentive is good policy or just politics? Since the inception of Jan. 1 2018 “Stress Test” we have seen the struggle to qualify for mortgages countrywide. This didn’t just affect the major centers such as Toronto and Vancouver, its Read More

22 Mar 2019

Federal budget 2019: A closer look.

Posted by: Kevin Carlson

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

I have been fielding quite a few questions about the announcement of the new First-Time Home Buyer Incentive program. To begin with, these programs are not scheduled to begin until September of this year assuming no governmental changes. I have taken the time to break down the math a little further to show the potential Read More

21 Mar 2019

Nuts & Bolts of the Federal 2019 Budget | What you REALLY need to know!

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

On March 19, the Federal Government announced the official 2019 budget. One major topic on the discussion table (and one we were all holding our breath for) was the discussion of affordable housing in Canada. So just what happened on “Budget Day?” Here are the highlights of the 2019 Federal Budget: MORTGAGE INDUSTRY RELATED: CMHC Read More

20 Mar 2019

When Death Strikes Suddenly

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Recently I was finishing up a mortgage with a young couple who had just had a beautiful baby girl. I brought up the topic of mortgage and life insurance as well as getting a will written up. The response from the husband was that it was such a morbid topic and a real downer when Read More

19 Mar 2019

Federal Budget 2019–Actions for Homebuyers

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

In its fourth fiscal plan, the Trudeau government spent its entire revenue windfall leaving the deficit projection little changed. In this election budget, Finance Minister Bill Morneau announced $22.8 billion over six years in new spending initiative mostly for homebuyers, students and seniors. Trudeau promised in his first budget to have eliminated all red ink Read More

19 Mar 2019

March is Fraud Prevention Month

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

You may have seen advertisements warning you to be aware of phishing schemes and other scams. In the past week, I have received fraudulent emails claiming to be Shaw Cable, RBC and even the FBI. These are easy to spot because of mistakes in the letterhead, spelling mistakes and formal language that would fit in Read More

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