News

13 Apr 2018

The Flexible Down Payment Program

Posted by: Angela Calla

Dominion Lending Centres - Accredited Mortgage Professional

One of the toughest challenges for homebuyers is being able to save money at the rate of property price increases. We know many high-income renters would like to be homeowners, but they’re just unaware of how to make the transition and are unable to save fast enough. There are several options which are great for Read More

12 Apr 2018

Vacant Possession

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

DISCLAIMER: This post is written for buyers, in other words people who do not currently own a tenanted property. This post is not suggesting in any way that the rights of an existing tenant be infringed upon Purchasing a residential property? Two words that matter this Spring; Vacant Possession Your contract had best contain a Read More

11 Apr 2018

The Mortgage Insurance Market & Wholesale Lenders

Posted by: Eitan Pinsky

Dominion Lending Centres - Accredited Mortgage Professional

The Canadian mortgage market used to be very simple. We had the big banks, credit unions, and trust companies. However, almost 20 years ago, the Canadian government made three major changes to the Canadian mortgage industry. First, the government and CMHC put their weight behind Canadian mortgages by guaranteeing an insurance payout to lenders in Read More

10 Apr 2018

Setting Up Your HELOC

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

A HELOC, or, Home Equity Line of Credit, can be one of the greatest gifts you give yourself. Borrowing money against your home as you accumulate equity through a shrinking mortgage or an increasing property value- something almost many people in the Vancouver and Toronto markets can relate to. With all this increasing value and Read More

9 Apr 2018

Top 5 Things To Consider When Building Your New Home

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

Building a new home – It’s something that many couples dream of. It can be an exciting, stressful, joyful, crazy time period that many walk away from saying “never again” or “bring on the next one!” We scoured the internet and sorted through our own experiences to bring you the Top 5 things to consider Read More

6 Apr 2018

Canada’s Jobless Rate Remains At A 40-Year Low

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics Canada announced this morning that employment increased by a stronger-than-expected 32,300 in March, driven by full-time job gains. The unemployment rate was unchanged at a four-decade low of 5.8% indicating that the economy is at or near full employment. In the first quarter of 2018, employment edged down (-40,000 or -0.2%) reflecting a decrease Read More

6 Apr 2018

Unique Homes Have Special Problems

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Recently one of the former members of the boy band New Kids on the Block expressed an interest in buying this lighthouse off the coast of Virginia in the U.S. Unique homes can be a lot of fun to own and to live in. However, there are some things you should be aware of before Read More

5 Apr 2018

Which Realtor Should You Use?

Posted by: Karen Penner

Dominion Lending Centres - Accredited Mortgage Professional

Finding the best realtor for you involves doing some leg work. It can be overwhelming, kind of like choosing which ice cream you want to try! You go to the ice cream store and they have over 50 flavours and after you have contemplated, you opt for vanilla, just because it was easy. Finding the Read More

4 Apr 2018

4 Smart Features that will boost the value of your property

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

People have a lot of different ideas on how they want their home to look. Some want a modern look while others like traditional cottages. But one thing that more and more people want is smart technology in their homes. This adds value and desirability to your home making it easier to sell for the Read More

29 Mar 2018

Reverse mortgage – Some common misconceptions

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

The words reverse mortgage carry some negative connotation. What does it really mean? What makes reverse mortgage different than a regular or demand mortgage in Canada? There are no payments required if 1 applicant lives in the home. Payments can be made if they wish, they are truly optional. No medical required and limited income 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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