News

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

15 Oct 2018

Four-Month Home Sales Gain Ends in September

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Canadian home sales declined for the first time in five months led downward by weakening activity in Vancouver and Toronto. Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell by 0.4% from August to September. While housing activity has picked up since the first half of this year, it Read More

12 Oct 2018

The Downsizing Dilemma

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

With almost 50% of homeowners ready to retire and wishing to stay in their home and 30% of those people with most of their money tied up in home equity, the downsizing dilemma is real. Can they afford to stay in their home or is downsizing the better option. In the past, retired couples or Read More

11 Oct 2018

Why We Chose a Mortgage Broker – Our House Magazine

Posted by: Jeremy Deutsch

Communications Advisor

Lindsay Austin and her husband never imagined they could get a home with a lakefront view. Their real estate journey began in 2012, when the couple purchased their first place, a townhome in Kelowna B.C. with the help of a Dominion Lending Centres Mortgage broker. By 2017, they were ready for something bigger and better. Read More

10 Oct 2018

Fixed-rate mortgage: What lenders you should do it with and why

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

25-year amortization or 30 years? Insured or Uninsured? With an A Lender or B Lender? These are just a few of the questions people have to decide on when they are pursuing a mortgage. But the biggest question of all: Fixed Rate or Variable Rate? With the instability of the market, and the Bank of 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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