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 […]

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Desjardins to join forces with Meridian

A tentative deal has been struck to create a potential credit union powerhouse in Ontario with the amalgamation of Desjardins and Meridian credit unions. The Boards of Directors of Desjardins Credit Union and Meridian Credit Union have agreed to amalgamate their respective organizations in order to create a credit union in Ontario with 263,000 Members […]

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 […]

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 […]

Mortgage Options for Self Employed

For self-employed borrowers, the general criteria that must be satisfied include: 2-years self-employed tenure is recommended, however some lenders will consider borrowers with less. Proof of self-employment tenure must be on file. For example, business license, T1 General etc. The “stated” income should be reasonable based on the type and size of the business. Strong […]

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