News

24 Sep 2019

5 Mistakes First Time Home Buyers Should Avoid

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Buying a home might just be the biggest purchase of your life—it’s important to do your homework before jumping in! We have outlined the 5 mistakes first time homebuyers commonly make, and how you can avoid them and look like a Home Buying Champ. 1. Shopping Outside Your Budget It’s always an excellent idea to Read More

19 Sep 2019

Fixed Rates Outweighing Variable

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

We are currently in a very unique situation when it comes to 5-year fixed and 5-year variable interest rates. For the first time in almost a decade, the lowest 5-year fixed interest rate is more than 0.30% lower than the lowest available variable interest rate for new mortgages. For some, their current variable rate is Read More

17 Sep 2019

Bullying Ends Here update for September

Posted by: Tad Milmine

Founder, Bullying Ends Here

Hello my friends, What a summer it was. I hope you had the opportunity to take some time to yourself and be with loved ones. Even while schools were out, Bullying Ends Here has been hard at work planning for the current 2019/20 school year. With that said, we have some extremely exciting updates to Read More

16 Sep 2019

August Data Confirm That Housing Has Turned the Corner

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 sixth consecutive month. Transactions are now running almost 17% above the six-year low reached in February 2019, but remain about 10% below highs reached in 2016 and 2017. Toronto, Montreal and Vancouver all saw sales and prices Read More

12 Sep 2019

Helping families one at a time

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Every once in a while you get to help people out and make a real difference in their lives. Recently a couple was referred to me who wanted to renew their mortgage. The bank that they had been dealing with for over 20 years had offered them a 5 year fixed rate that was more Read More

10 Sep 2019

First Time Home Buyers Incentive Program

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

The new First Time Home Buyer Incentive program from CMHC (Canadian Mortgage and Housing Corporation) was officially released on September 2. This program was met with mixed reactions across the mortgage industry, but we wanted to take a minute to give you the facts regarding the program. Below are the key points you need to Read More

6 Sep 2019

Canadian Jobs Surge Following a Three-Month Slowdown

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada’s reticence to signal coming rate cuts has been vindicated by the rebounding jobs report released today for August. Following a strong posting for real GDP growth in the second quarter, Canadian job growth surprised on the upside with a gain of 81,100 in August. The August job gains were one of Read More

5 Sep 2019

4 Ways to Make the Mortgage Process Smoother

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Mortgages are complicated—we get it! But there are steps that you as a homebuyer can take to make the process a much smoother one (plus let you walk away with the sharpest rate!) 1. Use a Broker This should be the first step you take when getting a mortgage! Enlisting a trusted broker to work Read More

4 Sep 2019

Bank of Canada Holds Overnight Rate Steady Amid Uncertainty

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The Bank of Canada held the target overnight rate at steady at 1.75% for the seventh consecutive decision date but will monitor closely the impact of the US-China trade war on economic activity around the world and in Canada. The second-quarter growth–posted at 3.7%–exceeded the Bank’s forecast in the July Monetary Policy Report (MPR), but Read More

3 Sep 2019

Rent-To-Own Explained

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

In some markets, it can take a long time to sell a property. An option available to some sellers is the Rent-to-Own sales method. If you have someone interested in purchasing your property but they can’t obtain a mortgage either because they don’t have a down payment saved or their credit score is too low, 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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