Jeremy Rudin, Superintendent of Financial Institutions (OSFI), which is the organization that governs our federal banks and policy, announced that they will finalize the new mortgage criteria later this month.  Despite the amount of criticism they have received from their industry consultation with major banks and economists, they have no intention of backing off the […]

Are you prepared for the mortgage changes that are coming?? This article will provide you with better insight as to what is coming. https://dominionlending.ca/news/mortgage-changes-coming-prepared/

 The Bank of Canada has again raised its benchmark interest rate by one-quarter point to 1.0 per cent.  Click the link for some further insight to the increase of the Bank of Canada interest rate increase this morning from DLC’s Chief Economist Dr. Sherry Cooper. https://dominionlending.ca/news/bank-canada-takes-action/

For the first time in seven years, the Bank of Canada announced today that it was increasing its key overnight rate by a quarter percentage point (25 basis points) bringing it to 0.75 percent as the economy has staged a broadly based economic expansion this year. In a break from tradition, the Bank has taken […]

If you haven’t heard, you have now! The Bank of Canada may raise its trend-setting interest rate. Wednesday July 12th is when it is set to review its interest rate policy. Click here to read the full article  

Great insights from Dominion Lending’s economist Dr. Sherry Cooper.  In the article below she speaks to the decision today to leave rates unchanged in the US but could see hikes coming soon with the uncertainty of the Trump administration.  Click Here to Review Full Article

Everyday we are getting updates with what lenders will participate in the new down payment loan program annoucned on December 15th by the BC Government.  CMLS Financial has confirmed that they will take part in this program that will allow first time home buyers to take a loan from the BC government to form part […]

Everyday we are getting updates with what lenders will participate in the new down payment loan program annoucned on December 15th by the BC Government.  Street Capital Financial has confirmed that they will take part in this program that will allow first time home buyers to take a loan from the BC government to form […]

BC Assessed Values are now available online.  Don’t be too surprised when you see a substantial increase over 2015.  For property owners where your value is over $1.2M, unfortunately you no longer qualify for the Home Owners Grant for your 2017 property taxes.  If you would like to see your value before receiving it in […]

We’re still waiting on details to unfold regarding this new program  and what banks and lenders will support it.  So far we’ve heard from one insurer on how they will handle it.  Here’s what we know so far and I will continue to update my blog with further details.  All borrowers must be first time […]