WHY WE WORKED WITH A BROKER We recently had a couple come into our office who we had worked with in 2011. They had some life changes that had occurred in the past 7 years and were unsure if they could make things work. They came back to speak with us and shared a little […]

HOW A SIDE HUSTLE CAN CHANGE YOUR HOME-BUYING OUTLOOK So you want to buy a house, but you’re short on the downpayment. Have you ever considered getting into some sort of “side hustle.” The term side hustle describes something you do to make extra cash outside your full-time job. Anyone can make a hundred bucks […]

WE’RE NOT JUST A MORTGAGE COMPANY Well, it finally happened. I was meeting with a financial advisor today and they looked at my business card and asked “Why does it say Dominion Lending Centres and not Dominion Mortgage Company?” I have been waiting 7 years to hear this question. I had an answer all ready […]

HOW TO RENEW YOUR MORTGAGE IN 5 SIMPLE STEPS! If you have a mortgage, you’ll be completing a mortgage renewal when your current term has finished. While most Canadians spend a lot of time and expend tons of effort shopping for an initial mortgage, the same is generally not the case when looking at mortgage […]

THE #1 MISCONCEPTION ABOUT MORTGAGE FINANCING! It is a reoccurring but common misconception that you will qualify for a mortgage in the future because you have qualified for a mortgage in the past. This is not accurate! Do. Not. Assume. Anything. Even if your financial situation has remained the same or has improved, securing mortgage […]

Federal Budget 2019–Actions for Homebuyers   In its fourth fiscal plan, the Trudeau government spent its entire revenue windfall leaving the deficit projection little changed. In this election budget, Finance Minister Bill Morneau announced $22.8 billion over six years in new spending initiative mostly for homebuyers, students and seniors. Trudeau promised in his first budget […]

A bank that may not be familiar to you Quiz time! Who is the largest non-bank mortgage originator in Canada with over $100 billion dollars in mortgages under administration? Answer – First National Financial Corporation. If you’ve never heard of them before, don’t feel bad. The only way to get a First National mortgage is […]

Interest rate cut more likely than hike in 2019 When the Bank of Canada decided this month to keep its benchmark interest rates stable at 1.75%, it signalled the weakening economy makes it unlikely a rate increase is anywhere on the horizon. Inflation is not where it should be, we’re not in a deflation mode […]

2019 Budget Announcement – Policy or Politics? In the wake of the 2019 Budget Announcement, I find myself wondering if the Affordable Housing Incentive is good policy or just politics? Since the inception of Jan. 1 2018 “Stress Test” we have seen the struggle to qualify for mortgages countrywide. This didn’t just affect the major […]

Federal budget 2019: A closer look. I have been fielding quite a few questions about the announcement of the new First-Time Home Buyer Incentive program. To begin with, these programs are not scheduled to begin until September of this year assuming no governmental changes. I have taken the time to break down the math a […]