News

3 May 2018

All roads lead to June -Our House Magazine

Posted by: Jeremy Deutsch

Communications Advisor

What do you do when you’re tired of the 9-5 daily grind and want to strike out on your own? For gal pals April Brown and Sarah Sklash, it was obvious – buy an aging motel in the country and renovate it. If it sounds like a business plan that could never work, these two Read More

2 May 2018

Rates Held Steady Now, But Gradual Hikes Signalled

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Federal Open Market Committee (FOMC) met this week for the second time under the chairmanship of Jerome Powell. In a unanimous decision, the Committee left the target range for the federal funds rate unchanged at 1-1/2 to 1-3/4 percent. Unlike the Bank of Canada, which has a single objective of targeting inflation at roughly Read More

2 May 2018

What does a “Rate Hike” actually mean?

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

TD Bank has increased it’s posted rates and RBC did the same on Monday. This increase, from 5.14% to 5.59% at TD, is the “biggest move in years.” The change came because of the bond yields increasing. We do expect every other lender to follow suit. But, actual interest rates have not changed… so what Read More

1 May 2018

Fixed rates are on the rise. Are you ready?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

With the Bank of Canada holding rates steady this April, the same is not the case for the bond market, which impacts fixed rates. In every interest-rate market there are many factors leading to and increase and we are hoping to provide a little bit of clarity on what is happening and what it means Read More

27 Apr 2018

Reverse Mortgage – the pros and cons

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

You may be seeing and hearing a lot more regarding the Reverse Mortgage in today’s marketplace. I have taken the time to get familiar with the program here in Canada and have been quite surprised by how it’s changed and how different it is to its counterpart in the U.S. and how relevant it has Read More

25 Apr 2018

Subject to Financing- A Must!

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

With most people who are new to real estate and looking for their first home (or possibly second), one of the most significant times is when your offer to buy is accepted by a seller. Unfortunately, that moment is quickly followed by stress, as not many people know what comes next- securing financing. 99% of Read More

24 Apr 2018

Having your cake and eating it too – Our House Magazine

Posted by: Jeremy Deutsch

Communications Advisor

This article appears in the April issue of Our House Magazine Looking for an escape from her daily job, one B.C.-based custom cake maker has found the perfect recipe for success. Working inside a prison can be one of the most stressful jobs out there. And when you spend hours in a bleak environment where Read More

23 Apr 2018

Are mortgage terms more important than rate?

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

Why are the terms more important than rate when it comes to a mortgage? Simple. Seven out of 10 Canadians break their mortgages prior to the renewal date. Taking the wrong mortgage when you could have qualified for a better one- is a costly mistake. The biggest mistake anyone can make is they don’t think Read More

19 Apr 2018

Imagine your future home

Posted by: Jeremy Deutsch

Communications Advisor

This article appears in the April issue of Our House Magazine  Looking back at predictions from 50 years ago of what a home would look like and be able to do today, it’s almost laughable. Back then, the home of the future would include rooftop pools that act as air conditioners and a garage for Read More

18 Apr 2018

Poloz Holds Rates, Sees More Room For Growth and Rising Inflation

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Canadian dollar fell sharply immediately after the release of the Bank of Canada’s Official Statement providing a more bullish forecast for the economy while holding rates steady. The Bank hiked its estimate of noninflationary potential growth, implying there was more room to grow without triggering rate hikes. The central bank now suggests the economy 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.
    Learn More
  • 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.
    Learn More