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

24 Oct 2018

Are you behind on your CRA Taxes?

Posted by: Kiki Berg

Dominion Lending Centres - Accredited Mortgage Professional

Nothing weighs heavy on one’s shoulders than owning a home and getting behind on your Canada Revenue taxes. Most banks will not be able to help you refinance your home to pay them off as CRA has first dibs on your house and assets. We have clients owing anywhere from $5,000- $300,000 in back taxes Read More

23 Oct 2018

7 things every self-employed individual should know — Before you apply for a mortgage

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Self-employed individuals are quickly becoming one of the most common clients that we handle. Daily we have successful business owners come into our offices who enjoy the perks of being an entrepreneur. One of these includes fantastic write-offs that allow them to bring their income down to a low tax bracket. However, this benefit can Read More

19 Oct 2018

Your HELOC and declining property values

Posted by: Len Lane

Dominion Lending Centres - Accredited Mortgage Professional

Home Equity Lines of Credit (HELOC) for many years have been a way for Canadians to unlock equity in their homes and use the money for investing, paying for children’s education or quite simply lowering their monthly interest payments on high interest credit cards. This is all great if the property values remain steady, but Read More

18 Oct 2018

Bank or Mortgage Broker?

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

Mortgages are like vehicles. A bank is similar to the brand, Ford or Toyota for example. How long you have a mortgage before it’s time to renew is like the model, a Fusion or Camry. The rate is similar to the car’s paint color, and the mortgage benefits such as prepayment privileges and portability are Read More

17 Oct 2018

Legalized Marijuana and the Canadian Housing Market

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

October 17th will be an important day in Canada’s social history. It’s the day when we are going to have legalized marijuana across the country. We will be the second major country in the world to do this. How does this affect mortgage brokers like myself? When someone comes to me to obtain financing for Read More

16 Oct 2018

A bride and a mortgage broker – Our House Magazine

Posted by: Jeremy Deutsch

Communications Advisor

Dominion Lending Centres’ leading lady in the new national commercial campaign has a few questions of her own. As a young Canadian looking to get into the housing market, Laura Steponchev has a candid Q&A with one of our pro’s. You could say Laura Steponchev is a pretty typical Canadian millennial. The aspiring actress moved 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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