Check out our Mobile Mortgage App on the Mortgage Toolbox

Mortgage Tips Trish Pigott 27 Jul

Download our Mortgage Toolbox to have things mortgage related at your fingertips.  Available at the App Store and on Google Play. What can you do with my app: Calculate your total cost of owning a home Estimate the minimum down payment you need Calculate Land transfer taxes and the available rebates Calculate the maximum loan […]

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Bank of Canada Holds Steady on Overnight Target Rate

Latest News Trish Pigott 21 Apr

Today, the Bank of Canada held its target for the overnight rate at the effective lower bound of ¼ percent. The Bank is also adjusting its bond-buying program from weekly net purchases of Government of Canada (GoC) bonds of $4 billion to $3 billion. This adjustment to the amount of incremental stimulus being added each week reflects […]

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Wondering About RRSP’s? The deadline is approaching…

General Trish Pigott 8 Feb

Below is some information that was provided by Enriched Academy pertaining to RSP’s and whether one should consider investing in them… The RRSP Deadline is March 1, 2021. A comprehensive breakdown of the RRSP (Registered Retirement Savings Plan) and how to take full advantage of its features.  What is an RRSP? An RRSP is a […]

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2020 Was a Blockbuster Year for Housing

General Trish Pigott 15 Jan

Despite the fears leading into the pandemic last Spring, 2020 marked a record number of home resales as new listings lagged and prices climbed. December housing data released by the Canadian Real Estate Association (CREA) today, shows national home sales surged 7.2% month-over-month (m-o-m) at a time of the year when housing is normally slow. Click […]

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Property Tax Time

General Trish Pigott 11 Jun

Property taxes are due in most municipalities on July 4th… Some cities have pushed out the due date into September because of COVID. One thing to not forget is to claim your Home Owners Grant if you live in your home as your principal residence.  If you do not claim the grant, you will receive […]

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New CMHC Mortgage Qualifications

General Trish Pigott 5 Jun

You may have heard already that CMHC has made changes to their qualifying ratios for those with less than 20% down…  We have not heard whether or not Genworth or Canada Guaranty will follow suit and make the same changes. What Are These Changes In Underwriting Policies Effective July 1, the following changes will apply […]

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Will the minimum downpayment be increased from 5% down to 10% down?

General Trish Pigott 27 May

Rumour has it that the minimum downpayment is going to be increased from 5% down to 10% down. Our (Dominion Lending Centres) Chief Economist, Dr. Sherry Cooper just spoke on this and a variety of other topics around the current Canadian housing and mortgage markets.  I am going to summarize the highlighted points that I […]

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Down-payment Sliding Scale…

General Trish Pigott 14 May

Did you know that most lenders have a “sliding scale” for purchases that are over 1.25 million dollars?? Most of our buyers believe that if you are purchasing over 1 million dollars you need 20% down… Which is true, until you hit the 1.25 million dollar mark.  At that point you will have to put […]

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A “how to” obtain mortgage financing during COVID

General Trish Pigott 11 May

We have noticed that the market is picking back up and almost as hot as this weather we are having!  With that being said we wanted to provide you with a “how to” and a step by step process to obtain a mortgage approval: First step is to take a Mortgage Application – we can […]

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