Housing Hold’em: RBC Poll finds over half of younger Canadians plan to buy next year

46 per cent of younger homeowners say mortgage costs eat up too much income TORONTO, APRIL 7, 2011— Over half of young Canadians (55 per cent) believe that it makes sense to delay a home purchase until next year, 10 points higher than the national average, and almost half (46 per cent) of younger homeowners […]

10% Down Payments & Other Policy Debates

Housing accounts for an immense 1/5th of Canada’s GDP. That makes mortgage debt and housing policy enormously important topics from an economic standpoint. With the stakes so high, it’s painful to watch critics exhort blanket changes to mortgage rules, based primarily on their opinions in lieu of credible data. Case in point is this editorial […]

IRD Penalty Comparison Rates

The much-unlovedInterest rate differential (IRD) penalty is a mystery to most of the natural born population. People loathe it, largely because they don’t understand it. We continually come across folks who read their entire mortgage contract and are still confused by the IRD calculation. Fortunately, federal disclosure guidelines are on their way later this year. […]

10 ways to avoid buying the wrong house

10 ways to avoid buying the wrong house ELENA ELISSEEVA/SHUTTERSTOCK Real Estate: T.O’s priciest home is $27M Tighter mortgage rules here 2010’s best-read housing stories Be careful when buying U.S. property What to do when 14 students move in next… How not to buy the wrong house Buying a home: 10 things to know Vacation […]

Welcome to Adil Virani Mortgages

Banks need to improve service to keep customers: Ernst & Young

  Although 75 per cent of Canadians surveyed say their trust in banks has stayed the same or has increased in the past 12 months, almost 64 per cent say they plan to switch banks or have already done so because of service quality issues, says an Ernst & Young report released Monday. “Our survey […]

3 ways to deal with rising mortgage rates

By Moshe Milevsky Here we go, again. The economy is generating more jobs, a handful of banks raise mortgage rates and all of a sudden you’re being advised to lock-in your mortgage before the bank doors slam shut. In fact, some say you’d better hurry-up and buy a house now before mortgage rates go so […]

Commercial real estate booming again – now what?

The commercial real estate market saw an unprecedented recovery last year, with investment growing 48 per cent as the economy improved and investors returned to the market. Canadian commercial real estate sales volume reached $18.9-billion in 2010, according to CB Richard Ellis, from $12.7-billion in 2009 – though it’s still a long way from the […]

Home Purchases

The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them prior to their purchase and closing date. Now, more than ever, financial institutions are regularly launching new products and […]

About Refinancing

Learn About Refinancing Canadians today face many reasons to refinance their mortgage. For example, you may have been working at improving your credit score and now qualify for a new mortgage with a better discount, or you may want to stabilize your payments by changing from a variable rate mortgage to a fixed-rate. Refinancing is […]

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