Bank of Canada Concerned About Trade Risks The Bank of Canada held rates steady today, as expected, highlighting “trade policy developments” as an “important and growing source of uncertainty for the global and Canadian outlooks.” As the seventh round of NAFTA negotiations commenced in Mexico City, President Trump dropped a bombshell late last week, threatening […]

DLC BLOG Time For A Mortgage Renewal Is your mortgage coming up for renewal this year? There is a good chance that you or someone know has a mortgage coming due. Some 47% of Canadians, almost one out of every two households, that currently have financing in place will mature within the next 12 months […]

DLC BLOG Making Smarter Down Payments Mortgage Insurance Premiums. Many people know what they are- an extra cost to you the borrower. But not many people realize how they are calculated. Understanding the premium charges and how they are calculated will help lead you to making smarter down payments.             […]

DLC BLOG Need a commercial mortgage? If you’re an entrepreneur, business person or commercial investor then you probably have or need a commercial mortgage. Where should you start? Do you call your bank, or do you call a commercial mortgage broker? I recommend you call your bank. Yes, that’s right; I’m a commercial mortgage broker […]

Q4 Growth In Canada Last Year at 1.7%, Bringing Annual Growth to 3.0% As expected, growth in the fourth quarter of last year paled in comparison to the robust performance of the first half. Statistics Canada revised up growth estimates for the first half of the year to 4.2%, from the initial estimate of 4%. […]

DLC BLOG Tips for your variable rate mortgage that could save you thousands With changes to mortgage rules and interest rates on the rise here are some tips for your variable rate mortgage that could save you thousands. Since 2009 the prime lending rate has shifted from a high of 6% down to 2% range […]

DLC BLOG 4 Signs You’re Ready For Homeownership While most people know the main things they need to buy a home, such as stable employment and enough money for a down payment, there are a few other factors that may help you realize you’re ready, perhaps even earlier than you thought!         […]

The Activist Budget—There Is No Problem This Government Cannot Fix Patting himself on the back, the Finance Minister opened his speech by reminding us that “a little over two years ago…Canadians had the opportunity to stay the course. They could stick with a Government that favoured cuts and a set of failed policies that produced […]

DLC BLOG Fixed versus variable interest rates 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 what you are […]

DLC BLOG What is a Collateral Mortgage? A collateral mortgage is a way of registering your mortgage on title. This type of registration is sometimes used by banks and credit unions. Monoline lenders, on the other hand, rarely register your mortgage as a collateral charge – which is an all-indebtedness charge that allows you to […]