News

15 Mar 2018

Canadian Real Estate; Candy For The Kids

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

Housing & Smarties All levels of government are trying to control a situation akin to that of 22 kids that want a Smartie, and there are only six-and-a-half Smarties to be had. As authority figures tend to, they are creating all kinds of rules about which kid can have a Smartie, and some kids are Read More

14 Mar 2018

Refinancing in 2018

Posted by: Len Lane

Dominion Lending Centres - Accredited Mortgage Professional

Recently there were changes to the mortgage rules yet again, and one of the rule changes was regarding refinancing your home. At one point in the last 10 years you could refinance your home all the way back up to 95% of its current value, which in many cases has put that property what we Read More

13 Mar 2018

Where are Canadian Mortgage Rates Going in 2018?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

2017 was a year of change for the Canadian Mortgage Market. With the announcement of the B-20 guideline changes requiring all insured or uninsured mortgages to undergo stress testing. In addition, the removal of mortgage bundling and the continued rate rises from the Bank of Canada have led to significant changes in mortgage rates. This Read More

9 Mar 2018

Canada’s Jobless Rate Returns To 40-Year Low

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics Canada announced this morning that Canada’s jobless rate returned to a four-decade low as job growth rebounded, confirming that the jobs market is at or near full-employment. Canada added 15,400 net new jobs last month as the unemployment rate edged downward to 5.8%, its lowest level in records back to 1976. This follows January’s Read More

9 Mar 2018

What you need to know before you renew your mortgage

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

What you need to know before you renew your mortgage could save you thousands of dollars. Is your mortgage on your home or other properties maturing in 2018? Typically you will receive your mortgage renewal notice from your current lender 3-4 months in advance of the renewal date. Sometimes you may receive an offer for Read More

8 Mar 2018

What are Accelerated Payments?

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

An accelerated payment is a mortgage payment that is increased slightly so that you can pay off your mortgage faster. There are two common types of accelerated payments: bi-weekly and weekly. Of the two, bi-weekly is the much more common choice because it matches with pay dates more often. An accelerated payment works by increasing Read More

7 Mar 2018

Bank of Canada Concerned About Trade Risks

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada held rates steady today, as expected, highlighting “trade policy developments” as an “important and growing source of uncertainty for the global and Canadian outlooks.” As the seventh round of NAFTA negotiations commenced in Mexico City, President Trump dropped a bombshell late last week, threatening to impose a 25% tariff on imported Read More

7 Mar 2018

Time For A Mortgage Renewal

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Is your mortgage coming up for renewal this year? There is a good chance that you or someone know has a mortgage coming due. Some 47% of Canadians, almost one out of every two households, that currently have financing in place will mature within the next 12 months with a major lender in Canada. Here Read More

6 Mar 2018

Making Smarter Down Payments

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Mortgage Insurance Premiums. Many people know what they are- an extra cost to you the borrower. But not many people realize how they are calculated. Understanding the premium charges and how they are calculated will help lead you to making smarter down payments. 5%- 9.99% down payment of a purchase price is a 4% premium Read More

5 Mar 2018

Need a commercial mortgage?

Posted by: Pierre Pequegnat

Dominion Lending Centres - Principal Broker

If you’re an entrepreneur, business person or commercial investor then you probably have or need a commercial mortgage. Where should you start? Do you call your bank, or do you call a commercial mortgage broker? I recommend you call your bank. Yes, that’s right; I’m a commercial mortgage broker and I am telling you to 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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