Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres Vancouver Housing Activity Weakens as Toronto Rebounds in July Metro Vancouver The Real Estate Board of Greater Vancouver (REBGV) reported this week that July’s residential housing sales in Metro Vancouver* skidded to their lowest level for that month in 18 years. Residential property sales in the […]

DLC BLOG 4 Key Things You Need To Know About A Second Mortgage Many homeowners are vaguely aware of the fact that you can take out a second loan on your home. You hear your friends mention it or perhaps a family member close to you has gone through the process—but do you truly know […]

DLC BLOG CMHC Changes to Assist Self-Employed Borrowers As a self-employed person myself, I was happy to hear that CMHC is willing to make some changes that will make it easier for us to qualify for a mortgage. In an announcement on July 19, 2018, the CMHC has said “Self-employed Canadians represent a significant part […]

DLC BLOG Refinances, Renewals & Transfers After you have purchased your new home, closed on your new mortgage, and are all moved in, what comes next? Well, when it comes to your mortgage, the next step is to either refinance, renew, or transfer your mortgage. This decision can be made one month into your new […]

DLC BLOG 5 Reasons why every realtor needs a mortgage broker at their open houses Realtor Safety – While we do not have the safety issues that realtors experience south of the border, there have been incidents involving female realtors being assaulted or feeling uncomfortable being alone with strangers walking around the house. Property Safety […]

DLC BLOG Porting a Mortgage? Porting a mortgage is something similar to transferring a mortgage. Transfers are when you move your current mortgage to a different lender in order to take advantage of different interest rates or mortgage products. Porting a mortgage is when you keep your lender, but move your mortgage to a different […]

DLC BLOG Remodeling Your Home This Summer Remodeling Your Home This Summer. With most of the summer still ahead, it seems like the best time for rest and relaxation. Or… it could mean the perfect opportunity to make those changes around the house that they have been waiting to do since the Spring! A renovation […]

DLC BLOG Rising Interest Rates and the Impact on Real Estate Values Rising Interest Rates and the Impact on Real Estate Values. Is there a direct connection? In a post entitled Interest Rates and Property Values. What’s the Connection?, I suggested that there was. An example was given which suggested that mortgage lenders would be […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres First Monthly Canadian Home Sales Gain This Year In June National home sales rose by 4.1% in June compared to May, the first such rise this year. Even so, June’s sales activity remains well below the monthly pace of the past five years (see chart). The […]

DLC BLOG Rate Holds Explained Have you ever heard of the term rate hold? If you have ever worked with a mortgage broker, chances are, you have! Rate holds are something that the majority of lenders offer to potential clients purchasing a new home who need a mortgage. Rate holds are generally not given out […]