The bond market is now sending a clear signal: Go with a variable-rate mortgage ROBERT MCLISTER SPECIAL TO THE GLOBE AND MAIL PUBLISHED DECEMBER 5, 2018UPDATED DECEMBER 6, 2018 Many people started out Wednesday morning expecting three or more rate hikes in the next 18 months. Now, they’re wondering if we’ll see more than one. […]

WOULD A CO-SIGNER ENABLE YOU TO QUALIFY FOR A MORTGAGE? There seems to be some confusion about what it actually means to co-sign on a mortgage… and any time there is there is confusion about mortgages, it’s time to chat with your trusted Dominion Lending Centres mortgage professional! Let’s take a look at why you […]

HOW TO GET A FREE COPY OF YOUR CREDIT BUREAU Think of your credit score as a report card on how you’ve handled your finances in the past. A credit score is a number that lenders use to determine the risk of lending money to a given borrower. There is always someone willing to lend […]

WHY CAN’T YOU PORT YOUR MORTGAGE? Policies are always changing, and when you port a mortgage, a FULL application must be approved and completely underwritten with full, credit, income, property and policy review. It’s a mistake to believe that just because you already had a mortgage, you will easily get a new one. Policies and […]

Awesome read from my buddy Mike … check it out No need to panic after rate increase   You may have already seen the more technical BANK OF CANADA RATE ANNOUNCEMENT on October 24th, or you may not have. The Coles Notes (the simplest version) are as such: Global economy remains strong, the USMCA will […]

DLC BLOG No need to panic after rate increase You may have already seen the more technical BANK OF CANADA RATE ANNOUNCEMENT on October 24th, or you may not have. The Coles Notes (the simplest version) are as such: Global economy remains strong, the USMCA will reduce trading uncertainty Canadian economy is balanced for the […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres Canadian Jobless Rate Fell To 40-Year Lows Canada posted moderate employment gains as the unemployment rate dipped once again to historically low levels, which was the result of fewer people look for work. Despite very tight labour markets and rising job vacancy rates, wage growth weakened […]

DLC BLOG A guide to your Home Buyers’ Plan Start at the beginning… Registered Retirement Savings Plan = one of the best ways to save for retirement and your down payment and continuing your education. With an RRSP, your contributions reduce your taxable income. This is different from your TFSA (Tax Free Savings Account) which […]

DLC BLOG Documents you need for your mortgage pre-approval Being fully pre-approved means that the lender has agreed to have you as a client (you have a pre-approval certificate) and the mortgage broker has reviewed and approved ALL your income and down payment documents (as listed below) prior to you going house hunting. Many bankers […]

DLC BLOG Growing marijuana and selling your home There is quite a bit of information being passed around about growing marijuana in your home that could or will prevent the sale of your property down the road. CMHC is Canada’s federally owned mortgage insurer. As of October 25, 2018, their stance on homes that were […]