DLC BLOG 7 Questions to Help You Decide if You Should Pursue a HELOC, Refinance or Second Mortgage HELOC, Refinance or Second/Third Mortgages? Which one should you choose to go with? If you have decided to tap into the equity in your home, the three can seem to be interchangeable at times and for many […]

DLC BLOG Debt Service Ability. A renewed lender focus Debt Service Ability. A renewed lender focusDebt Service Ability. A renewed lender focus it seems. As interest rates firm, valuations are impacted, and cap rates begin to firm. What about Debt Service Ability? It is becoming more apparent that property income, and more specifically net operating […]

DLC BLOG Don’t Forget the Closing Costs When You Purchase a Home Don’t Forget the Closing Costs When You Purchase a HomeThe purchase price you negotiate when buying or selling a home is just one part of the total cost for buying a home. In addition to the purchase price there are several other fees […]

DLC BLOG Reverse Mortgage – Common Uses Reverse Mortgage – Common UsesHere is the final blog in the REVERSE MORTGAGE series. If you missed the first two, you read them here and here: Eliminate mortgage payment – Retired, or wanting to retire, but still have a mortgage and mortgage payment to make? Use a reverse […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres The Spring Housing Market Continues To Be Weak As we said last month, April is usually the start of a spring housing market ramp-up, but this year the new mortgage stress test and rising mortgage rates have continued to be a negative factor. Those expecting an […]

DLC BLOG The 5 Mortgage Elements- Decisions You Need to Make Before You Sign! The 5 Mortgage Elements- Decisions You Need to Make Before You Sign!Before you buy a home there are a couple things you need to figure out first. One of the very first decisions you need to make is whether you want […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres Canada’s May Job Loss in Manufacturing and Construction Statistics Canada announced this morning that Canada’s employment was little changed in May, and the jobless rate remained at a low 5.8% for the fourth consecutive month. The headlines, however, highlighted the modest 7,500 job losses last month […]

DLC BLOG Last Minute Credit Check Last Minute Credit CheckAs I’ve said many times, one of the single greatest determining factors in whether you can become qualified for a mortgage and the interest rate at which you do, is your credit history. Many people unfortunately don’t know this, and can be completely blind-sided when it […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres Housing Slowdown and Wilting Consumers Dampened Q1 Canadian GDP Growth Canadian Jobs Beat Expectation in March, But Wage Growth Is Sluggish This morning, Stats Canada released the first quarter GDP figures indicating a slowdown in growth in the first quarter to a 1.3% annual rate compared […]

DLC BLOG When double dipping is okay When double dipping is okayPerhaps you remember the Seinfeld episode where George Costanza catches someone double dipping in the salsa. While this is considered unsanitary and bad manners, some forms of double dipping are okay. Sometimes two levels of government want you to do something, so they offer […]