News

30 Oct 2019

Bank of Canada Holds Policy Rate Steady Amid Global Uncertainty

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

It is rare for the Bank of Canada and the US Federal Reserve to announce rate decisions on the same day, but today’s announcements highlight the stark differences in policy in the two countries. The Bank this morning announced they would maintain their target for the overnight rate at 1.75% for the eighth straight meeting. Read More

24 Oct 2019

What the election results mean for your mortgage

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

With all the news we have seen on the election, I thought I would sum it up from a mortgage industry perspective. What the liberal win means for your mortgage: 1. We will see the continuation of the First Time Home Buyers’ Incentive. Check out the link for more information here: 2. Property Transfer Tax Read More

22 Oct 2019

6 Things all Co-signors should consider

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Co-signing on a loan may seem like an easy way to help a loved one (child, family member, friend, etc. ) live out their dream of owning a home. In today’s market conditions, a co-signor can offer a solution to overcome the high market prices and stress testing measure. For example, if you have a Read More

17 Oct 2019

Mortgage renewals with the same lender are on the rise, but should you just sign on the dotted line?

Posted by: Jeremy Deutsch

Communications Advisor

If you’re in a mortgage that’s coming up for renewal in the coming months and you’re considering just staying with your current lender, you wouldn’t be alone. According to the Canadian Mortgage and Housing Corporation’s (CMHC) Residential Mortgage Industry Report released in the summer, in 2018, the number of mortgage renewals with the same lender Read More

16 Oct 2019

September Data Confirm That Housing Is in Full Rebound

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 rose for the seventh consecutive month. Activity rose another 0.6% month-over-month in September to 512,000 units (seasonally-adjusted and annualized). This was the highest level in 21 months and 6.6% above the 10-year average shown in the chart below. Existing home Read More

15 Oct 2019

Building a Real Estate Portfolio

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the Canadian Pension Plan. What can Read More

11 Oct 2019

Robust Canadian Jobs Report in September

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Canadian jobs market continued to surprise on the high-side–on track for one of its best years on record. This provides further confirmation to the Bank of Canada that additional easing in monetary policy is not necessary. The economy added 53,700 jobs in September, well above expectation, taking the year-to-date jobs gain to just over Read More

10 Oct 2019

Mortgages 101 – What You Need to Know about Mortgages

Posted by: Kelly Hudson

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage [ˈmôrɡij] NOUN With a residential mortgage, a home buyer pledges his or her house to the bank. The bank has a claim on the house should the home buyer default on paying the mortgage. In the case of a foreclosure, the bank may evict the home’s occupants and sell the house, using the income Read More

8 Oct 2019

Client Success Story: CHIP Reverse Mortgages

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

A retired couple on fixed pensions found themselves struggling to make ends meet each month. Both were in good health and wanted to maintain an active lifestyle. They had spent their working years paying off their mortgage and had little saved in their RRSPs. Now both in their 70s, they’re mortgage free. They love their Read More

26 Sep 2019

Reverse Mortgages in Canada differ greatly from those in the U.S.

Posted by: Sue Pimento

HomeEquity Bank - Vice President, Referred Sales, Eastern Canada

How much do you really know about reverse mortgages? Maybe you know that reverse mortgages can help Canadians 55+ access the equity in their home, tax-free. But there are many people who mistakenly think that Canadian reverse mortgages are just like those offered in the U.S. As Canada’s leading provider of reverse mortgages, HomeEquity Bank 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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