Latest News Trish Pigott 28 Jul
First Responders are an integral part of our Canadian communities. From coast–to–coast, these are the people who put Canadians first and ensure the health and safety of this great country –and we wanted to give you something in return. The Dominion Lending Centres® First Responder Mortgage Program™ was designed exclusively for First Responders to provide […]
Read MoreMortgage 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 […]
Read MoreLatest 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral Trish Pigott 2 Feb
Selling Your Home in the Winter While you might think selling your home in winter is harder, with the right considerations it doesn’t have to be! When selling your home during warmer months, the focus is typically on curb appeal and gardening, as well as having bright colors and patterns to draw out different rooms. […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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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