News

21 Oct 2015

Canadian Interest Rates Have Bottomed And Housing Has Peaked

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

It is no surprise to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that the underlying trend in inflation continues to be about 1.5 to 1.7 percent. Even before the landslide sweep of the Liberal Party into power, assuring a more stimulative fiscal policy next year, the Read More

21 Oct 2015

Who is the Bank of Canada?

Posted by: Gerry Puhan

Dominion Lending Centres - Accredited Mortgage Professional

With the Bank of Canada announcement today, have you ever wondered who the Bank of Canada is and what is its role in our economy? The Bank of Canada is the country’s central bank. Its role, as defined in the original Bank of Canada Act of 1934, is “to promote the economic and financial welfare Read More

20 Oct 2015

Stunning Liberal Landslide

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The stunning Liberal victory across the country puts to rest the spectre of political uncertainty. As the news broke, the Canadian dollar was more resilient than expected. Indeed, by the time the national media predicted a Liberal majority government, the Canadian dollar was recovering from its initial drop, showing that Trudeau was seen by the Read More

20 Oct 2015

This vs That

Posted by: Michael Hallett

Dominion Lending Centres - Accredited Mortgage Professional

Versus (vs) – as compared to or as one of two choices; in contrast with. At least once a day I get asked, what’s the difference between ‘this’ and ‘that’? With this in mind I put together some content that will hopefully provide some clarity in regards to  a few of the more commonly asked Read More

19 Oct 2015

I’m Voting Today – Are You?

Posted by: Gary Mauris

Dominion Lending Centres - President and CEO

I know you know today is Election Day. How could you not with all the election signs and non-stop commercials! I’m not here to ask you to vote for a specific Party, rather, I just want to encourage you to vote. We live in a GREAT country and we can only make things better when Read More

16 Oct 2015

How To Avoid The 7 Biggest Mistakes Refinance Shoppers Make

Posted by: David Cooke

Dominion Lending Centres - Accredited Mortgage Professional

Whenever interest rates drop or housing values jump, a refinancing frenzy follows. Whether you are looking to trim your mortgage payments, eliminate credit card debt or renovate, experts say you should fully understand all the options available to you before deciding to refinance. Here are some common pitfalls that consumers can avoid when refinancing: 1. Read More

15 Oct 2015

Mortgage vs HELOC – Do You Know The Difference?

Posted by: Jeff Ingram

Dominion Lending Centres - Accredited Mortgage Professional

Today, with the Internet, we all have an abundance of information literally at our fingertips. Despite the information available many homeowners have limited knowledge about the mortgage process and products. Their lack of knowledge can turn out to be costly. Homeowners should know the difference between a conventional mortgage and a Home Equity Line Of Read More

14 Oct 2015

Do You Have a Chocolate Covered Mortgage?

Posted by: Pam Pikkert

Dominion Lending Centres - Accredited Mortgage Professional

I have something shocking to tell you. Ready? Canadian banks are a business like any other. Gasp and shock! This is nothing less than the truth. They are mandated to produce profits and provide their shareholders with a dividend at the end of the year. This is accomplished by charging us service fees and interest Read More

13 Oct 2015

Repaying Your Mortgage

Posted by: Len Anderson

Dominion Lending Centres - Accredited Mortgage Professional

Let’s face it, getting a mortgage is hard, but repaying a mortgage is harder. What is the best way to go about repaying? You say, as quickly as I can and with the least amount of interest! Good answer! Statistics tell us most folks repay their mortgage in less than 20 years. Okay how do Read More

9 Oct 2015

September Jobs Numbers Don’t Help Harper

Posted by: Dr. Sherry Cooper

Chief Economist, Dominion Lending Centres

The last employment report before the October 19 federal election has to be disappointing for the Harper campaign. The unemployment rate edged up to 7.1 percent–slightly higher than the 7.0 percent posting in August–and employment grew a mere 12,000, in line with modest expectations. At least job seekers must be a bit more optimistic as Read More

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