News

24 Apr 2019

Stop the ageist stereotype

Posted by: Sue Pimento

HomeEquity Bank - Vice President, Referred Sales, Eastern Canada

As a society, we are continually evolving in our acceptance of past stigmas. But while we are evolving, why is ageism still so prominent and accepted. And what can we do to shine a light on this issue? Overrepresentation of an underrepresented cohort A recent research study with Brainsights reveals that many of us don’t Read More

18 Apr 2019

Spring is here, make sure you’re covered by flood insurance

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

The sun is coming out, and the snow is disappearing. You know what that means: it’s flood season. And because flood season is upon us, it’s time to make sure you’re covered. What you need to do is ask specific questions. When you call your insurance company, you should say ‘I want to know, do Read More

17 Apr 2019

Flat yield curve. Best news, or borrower beware?

Posted by: Allan Jensen

Dominion Lending Centres - Accredited Mortgage Professional

A Flat Yield Curve In our post entitled A Flat Yield Curve, we discussed the implications of a flat yield curve. At the time of the post, early summer 2018, rates were rising. The reverse seems now to be true, with rates recently softening, however the results are similar, a flat yield curve. Typically a Read More

16 Apr 2019

March Home Sales Rebound From Dismal February Showing

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Statistics released Monday by the Canadian Real Estate Association (CREA) show that national home sales edged higher in March following the sharp decline in storm-struck February. Overall, however, housing activity remains considerably below historical norms. Home sales rose 0.9% nationally while the benchmark price rose 0.8%. While this is an improvement from the very poor Read More

16 Apr 2019

What’s included in a home purchase agreement

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

While a home purchase agreement may seem simple and straight forward, there are many differences that you can encounter that can be a big surprise to first-time homebuyers. While you expect the date of possession and the full purchase price to be outlined in the agreement, there are items that you may not be aware Read More

12 Apr 2019

Should you pay down your mortgage ASAP?

Posted by: Geoff Lee

Dominion Lending Centres - Accredited Mortgage Professional

One of the top questions we get asked: Should I pay down my mortgage as fast as possible? In theory, this makes sense. The faster you pay it down, the faster you get out of debt, right? For many people that is the case and it does make sense often times to take this route. Read More

11 Apr 2019

Condo Home Insurance

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

First thing I would like to say about home insurance- this is not what we specialize in. We are experts when it comes to brokering mortgages, not determining what type of home insurance would be best suited for you. That being said, there are 3 key topics we would like people to be aware of Read More

10 Apr 2019

Feds offer new incentives for new home buyers

Posted by: Terry Kilakos

Dominion Lending Centres - Accredited Mortgage Professional

In this year’s budget, the federal government announced a program for first-time homebuyers that would offer between 5% and 10% top up from the Canada Mortgage and Housing Corporation. If you’re buying a brand new home, the CMHC will give you 10% of the total cost, and it will offer 5% if it’s an older Read More

9 Apr 2019

Income Qualified

Posted by: Ryan Oake

Dominion Lending Centres - Accredited Mortgage Professional

There are several different ways a borrower can qualify for a mortgage when it comes to their income. One of the most common ways is known as income qualified. All of the following methods of employment income are under the income qualified umbrella: Annual salary income employees Full time employees working guaranteed weekly hours Part Read More

5 Apr 2019

March Jobs Report in Canada Finally Mirrors Weak Economy

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The employment report had long been a lone bright spot in an economy that had sunk across the board, so the March slump is not surprising. According to today’s jobs report from Statistics Canada, employment fell by 7,200 last month, mostly in full-time positions in the service sector. Canada’s jobless rate held steady at 5.8%, Read More

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