29 Mar 2016

Completion vs Draw Mortgages

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

If you are considering building a new home, then you need to be educated on the difference between draw and completion mortgages. When you meet with a builder, there is tons of terminology and information you should be aware of so you are properly covered. Completion mortgages mean that the builder does not expect any Read More

22 Mar 2016

Budget 2016—Billed As ‘Growing the Middle Class’

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

Today’s budget included everything I expected and nothing that I feared. The fears first—there is no change in the tax treatment of capital gains or stock options, despite continued rumours and speculation. Indeed, in a press conference in the lock-up, Minister Morneau said that stock options tax changes are off the table because they are Read More

11 Mar 2016

Myths, Analysis and Emotion in Vancouver Real Estate

Posted by: Dustan Woodhouse

Dominion Lending Centres - Accredited Mortgage Professional

SHORT VERSION Emotion drives our real estate market, but should it go unchecked? There is no metric for emotion. Emotion does not always equal logic. Interest rates play a small role in Real Estate pricing. Foreign buyers play a small role in Real Estate pricing. Beware of ‘watercooler wisdom’ Beware of media hype I am Read More

10 Mar 2016

When a Reverse Mortgage Doesn’t Make Sense

Posted by: Roland Mackintosh

HomEquity Bank - Business Development Manager

Image Source: In Canada, Reverse Mortgages are often recommended to clients and customers who are of a certain age, have a home they want to stay living in, and are in need of cash for reasons such as emergencies, home renovations, improving their lifestyle and even to alleviate the stress of debt through debt Read More

9 Mar 2016

Bank of Canada Maintains Rate At 1/2% Target

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

To no one’s surprise, the Bank of Canada announced today that it would leave its overnight rate target at 1/2%, just as it did on January 20 when it last met. The Bank noted that financial market volatility has slowed since the last meeting and oil prices and the Canadian dollar have strengthened. Consumer spending Read More

9 Mar 2016

New to Canada and Establishing Credit

Posted by: Pauline Tonkin

Dominion Lending Centres - Accredited Mortgage Professional

When you are new to Canada and establishing credit, deciding on the best way to create a good credit history can be difficult. You need a good credit rating in Canada if you are planning to rent or buy a home, buy a car or borrow money. By taking some important first steps to get Read More

8 Mar 2016

The Power of Prepayment Options

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Do you have a Mortgage Action Plan (MAP)? If not, it’s time to plan your road MAP to mortgage free living. Every lender provides options, but very few take advantage of them. These mortgage benefits are called PREPAYMENT OPTIONS. The three most common prepayment options are: adjust the frequency at which the payments are made (weekly, Read More

7 Mar 2016

Single Ladies Buying Homes

Posted by: Alim Charania

Dominion Lending Centres - Accredited Mortgage Professional

It’s becoming increasingly apparent that a greater number of women are now taking the reigns when it comes to home purchases. There’s a growing trend among single women – and, more precisely, professional single women – who are becoming independent homeowners. While many of them may be putting off marriage, they’re not waiting around for Read More

4 Mar 2016

The Shocking Impact of Consumer Debt Payments and How To Overcome This Significant Home Ownership Barrier

Posted by: Mark Alltree

Dominion Lending Centres - Accredited Mortgage Professional

Savings, market value and government guidelines are obvious obstacles but in my opinion, one topic that doesn’t get discussed in enough detail is consumer debt payments. First a quick definition: Disposable income, is described as total personal income minus current income taxes. Essentially, your take-home-pay. Here’s a “live” case study. This consumer has $62,601 in Read More

3 Mar 2016

Credit Challenged

Posted by: Marie-France Lavigne

Dominion Lending Centres - Accredited Mortgage Professional

In today’s economic climate of tighter credit requirements and increased unemployment rates taking their toll on some Canadians, there’s no doubt that many people may not fit into the traditional banks’ financing boxes as easily as they may have just a couple years ago. Your best solution is to consult your Dominion Lending Centres mortgage 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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