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 […]

Dr. Sherry Cooper – Chief Economist, Dominion Lending Centres Poloz Opens The Door For A Rate Hike In July As expected, the Bank of Canada held rates steady at 1.25% for the third consecutive month but said that first-quarter growth was stronger than expected and that developments since April suggest that higher interest rates will […]

DLC BLOG Mortgage Moment: When Life Gives You Lemons… Mortgage Moment: When Life Gives You Lemons…We all do it. Even I fall guilty to it at times. It’s really a part of Human Nature…and really what fun is life without it? What exactly are we talking about? Dreaming. We make grand plans and lay them […]

DLC BLOG How to Navigate The Mortgage Rate Wars How to Navigate The Mortgage Rate WarsYou may have heard that rates are changing, and that is true. They don’t call it war for nothing and you need an expert by your side! Think of mortgage brokers as your loyal soldiers. What we are seeing is […]

DLC BLOG Fixed Versus Variable Interest! Fixed Versus Variable Interest!Fixed Interest Rates This is usually the more popular choice for clients when it comes to deciding on which type of interest rate they want. There are many reasons why, but the most unsurprising answer is always safety. With a fixed interest rate, you know exactly […]

DLC BLOG A few reasons why you should consider a Variable Rate Mortgage Five-year fixed mortgage rates continued their upward march last week as the five-year Government of Canada (GoC) bond yield they are priced on hit its highest level in seven years. Meanwhile, five-year variable-rate discounts deepened, further widening the gap between five-year fixed […]

The Spring Housing Market Is Off To A Slow Start 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 early-stage pick-up marking an end to the payback for sales pulled forward […]

DLC BLOG 5 ways you can kill your mortgage approval So, you found your dream home, negotiated a fair price which was accepted. You supplied all the needed documentation to your mortgage broker and you are waiting for the day that you go to the lawyer’s to sign the final paperwork and pick up the […]