Stay Up To Date
Stay up-to-date on the latest mortgage news and changes with our blog.
We share valuable information and analysis on various mortgage-related topics to enhance your knowledge.
Here is a great article from DLC’s Chief Economist Sherry Cooper regarding home prices, house listings, and rent. https://dominionlending.ca/news/four-month-home-sales-gain-ends-in-september/
The government’s latest mortgage rule changes have caused an imbalance between supply and demand in almost every region of the country, and will result in
This particular period in time might be the most difficult ever for a Millennial to buy a home. There are several factors at play here
Paying down, and off, debt is a priority in everyone’s life. Every family and individual should have a written household budget. There are plenty of
Have you tried to apply for a conventional mortgage since the inception of the new rules the government implemented on January 1st? If you have
Last week the government announced yet another set of rule changes that will impact the conventional mortgage market; those who have at least 20% equity/down
Have you ever wondered why your credit score is as low as it is when you are diligent in meeting the monthly obligations? It’s derived
Here’s a great article written by a colleague of mine, Dustan Woodhouse, about how the new mortgage rules have severely limited purchasing power. The average
If you’ve been house hunting for any period of time (especially in the GTA and surrounding areas), it usually won’t take long until you realize
Effective March 17, 2017, high ratio insurance premiums will be increasing. This comes right on the heels of the changes the federal government set out
Are you a dentist and you’re currently leasing your premises? If you’ve been contemplating buying a location for your practice but don’t feel you can come up with the required down payment, don’t be discouraged. My lenders can offer loan to values up to 100% of the purchase price, subject to approval. Rates as low […]
An Ipsos Reid Poll showed that in 2008 51% of people expected to be fully retired by age 66. In 2013 only 27% expected to be fully retired by 66. That’s almost a 50% decrease in only five years. That same poll showed that 32% of Canadians expect to work part-time at 66. An […]
The link below will take you to an article outlining how consumers can expect to see mortgage costs start to rise in the next few months. This is unrelated to changes in the prime rate. A must read for anyone that has a mortgage or hopes to have a mortgage. http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2016/05/mortgage-costs-about-to-rise.html
More and more Canadians are going into their retirement years without a lot of money saved in the bank. It is suggested that in order to live a financially comfortable retirement, couples should have saved 50-60% of their peak pre-retirement income, which equates to roughly $42,000 to $72,000 a year or $275,000 to $1,025,000. Singles […]
Many people suffer from post New Year’s hangovers as their holiday spending account statements begin to arrive in their mail/inbox. This year, start the year off with a plan to minimize your monthly expense and your interest carrying costs by conducting a no-cost, no obligation financial check-up with your Dominion Lending Centres Mortgage Professional. As […]
Down Payment Changes: February 14/16 will be the last day that applications will be accepted before the new down payment changes come into effect. If you’re planning on buying a home for $500,000 or more, don’t wait to get your financing in order. If you have questions about this, contact me today for more details. […]
Effective February 15, 2016, Canada will have new down payment requirements for purchasing residential homes. For properties selling between $500,000 and $1 million, people getting an insured mortgage will now need to put more down—up to an additional 2.5% of the purchase price. In other words, 5% down will be required on the first $500,000, […]
