Hi everyone, I wanted to make this free booklet available to everyone. It’s called Navigating COVID-19 Your Mortgage, Financial Effects, Resources + More. It will give you many tips on what you can do in these various areas during this time. Click here or on the image below to download the PDF. I hope you […]

Documents, documents and more documents. Yes that’s right you will need to provide your Dominion Lending Centres mortgage broker with as many documents that we request upfront as possible. Why? Because the more supporting documentation you have available will help us as brokers to find you your best mortgage options. If you don’t have everything […]

CMHC announced early Tuesday it is increasing its loan insurance premiums effective March 17. “We do not expect the higher premiums to have a significant impact on the ability of Canadians to buy a home,” said Steven Mennill, Senior Vice-President, Insurance. “Overall, the changes will preserve competition in the mortgage loan insurance industry and contribute […]

Around the end of May 2014, the market started to experience a declining trend in mortgage rates. Though the housing market was already superb, professionals in the industry began gearing up for an influx in home buying. Their predictions were correct and we’ve seen more and more houses of higher value being sold into the […]

To no one’s surprise, the Bank of Canada left its target overnight rate unchanged at 1/2 percent. The Bank, however, reduced its forecast for the global economy and for the U.S. economy as well, suggesting that the outlook for Canadian exports is less favorable than earlier forecast. (Table 1 below shows the Bank’s current global […]

So there seems to be some misunderstanding about down payments. It’s no wonder really given that there were a number of changes made over the last few years by the government in regards to all things mortgage. This week we are going to take a look at acceptable down payment sources so you can achieve […]

          There have been many stories on the news in the last little bit about a surge in jingle mail. What is jingle mail you ask? It is when a homeowner is no longer able to make their mortgage payments due to a health issue, job loss or other life event […]

         So there are vast arrays of financial products available for you. One of the more common is the line of credit or LOC for expediencies sake. Like most things it is neither good nor bad but let’s take a minute to have a closer look anyway, shall we?       […]

To no one’s surprise, the Bank of Canada announced today that it would leave its overnight rate target at 1/2%, just as it did on January 20 when it last met. The Bank noted that financial market volatility has slowed since the last meeting and oil prices and the Canadian dollar have strengthened. Consumer spending […]