TD, RBC raise mortgage rates

By Madhavi Acharya-Tom Yew If worries about the sickly U.S. economy and Ireland’s rocky financial situation seemed remote a few days ago, they shouldn’t anymore. Those global concerns are pushing up Canadians’ borrowing costs when it comes to buying a home. TD Canada Trust and the Royal Bank of Canada said separately that they are […]

Canadian mortgage debt tops $1-trillion for first time

Canadian mortgage debt tops $1-trillion for first time By STEVE LADURANTAYE Globe and Mail Amount owed by homeowners climbs 7.6 per cent in one year The Canadian residential mortgage market crossed the $1-trillion threshold for the first time this year as higher prices forced many to borrow heavily to finance their new homes and low […]

Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns.

Claims that Canada’s housing market is ready to pop are exaggerated, say economists at BMO Nesbitt Burns. Instead, they say the market can more realistically be labelled “moderately overvalued” based upon a comparison of house prices with personal income. They also note that mortgage servicing costs for “typical” homebuyers are running near the long-term norm […]

Homeowners unfazed by long amortization

Homeowners unfazed by long amortization ‘People will always decide what’s easiest for them’ By Garry Marr, Financial Post November 10, 2010 Canadians plan to take longer to pay off their mortgages but they don’t expect it to affect their retirement plans. Something just doesn’t add up. A new study from the Canadian Association of Accredited […]

CAAMP’s Mortgage Market Report – 2010

CAAMP’s Mortgage Market Report – 2010 CAAMP puts out stat-packed reports on the mortgage industry every six months or so. Its latest Annual State of the Residential Mortgage Market report has some of the best mortgage data yet. This year, a handful of trends stood out including greater rate discounting, increased popularity of 5-year terms, […]

Carney backs Fed on massive bond buyin

Carney backs Fed on massive bond buying By JEREMY TOROBIN Globe and Mail Bank of Canada chief one of few to support $600-billion injection as China and Germany voice concerns before G20 meeting Bank of Canada Governor Mark Carney has publicly backed the U.S. Federal Reserve’s latest move to stimulate the U.S. economy, despite a […]

Don Cherry TV Commerical

Dominion Lending Centre’s Television Commercial

Dominion Lending Centres, Winner of 5 CMP Awards!

2010 CMP Award Winners The 4th Annual CMP Awards gala was a huge success,attracting approximately 500 guests – the largest attendance so far. Here is the complete list of winners for 2010: 1. The Firstline Mortgages Award for Best Internet Presence winner :  Canadian Mortgage Trends 2. The TDMP.com Award for Best Branding winner:  Dominion […]

What’s the difference between a mortgage broker and a road rep?

By Charlie Smith For some first-time buyers, arranging financing is more daunting than the actual purchase of a home. There’s a glossary of terminology associated with taking out a loan, including variable- and fixed-rate mortgages, debt-service ratio, amortization period, maturity date, and mortgage insurance. Many first-time buyers look to a mortgage broker to help them […]

Advertising Fund Update

Advertising Fund Update September 2010 In early August, after the partnership with Don Cherry was announced, Dominion Lending Centres knew we needed to partner with a leader in both the TV Advertising and Production industries. As a result of some extensive research, we’re excited to announce two leading partnerships!

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