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Tight market restricts growth for resale

http://www.househunting.ca/calgary/real-estate/Tight+market+restricts+growth+resale/9591425/story.html Resale activity of single-family homes in Calgary last month climbed two per cent over the same time a year earlier, the Calgary Real Estate Board says. Last month, 1,230 homes changed hands, up from 1,207 in February 2013. “Demand growth in the single-family sector has been restricted by the availability of product,” CREB chief […]

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CMHC Raising Insurance Premiums!!

Breaking News: It has been announced Friday CMHC has decided to raise their mortgage insurance premiums. Here are the 4 main Points to Review: 1. The average purchaser with less than a 20% down payment could have an increase in payment of approx.  $5 dollars a month as of May 1st 2014 2. This will […]

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Residential Market Update!

“At this time every year the perennial question arises, pay down the mortgage or top up the RRSP? Traditionally the answer has been, top up the retirement savings and use the tax refund to make an extra mortgage payment. It is not bad advice but there are those who say, “mortgage first”. They argue that […]

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What is amortization? Most Canadians don’t know

Nearly 70% of Canadians own their homes, yet over half of Canadians don’t even know what amortization is. That’s fairly concerning, and it raises the question: should mortgage borrowers ask more questions, or should mortgage lenders educate borrowers more? As a mortgage borrower, it is your responsibility to ensure you perfectly understand the loan you […]

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How to Get a Mortgage Pre-Approval

If you are looking for a new home in Calgary, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend. […]

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Why should you use a mortgage professional?

You have two options for obtaining mortgages in Canada: from banks or mortgage professionals. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access […]

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Determining the Best Mortgage Term

Choosing the mortgage term that is right for you can be a challenging proposition for even the savviest of homebuyers. By understanding mortgage terms and what they mean in dollars and sense, you can save the most money and choose the term that is right for you. The first consideration when comparing various mortgage terms […]

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Profile of Canadian First-Time Homebuyers

    Information from a recent CMHC survey, gives us a bit of a look at what the average Canadian first-time homebuyer looks like: • 2/3 are under the age of 35 (only 20% of repeat buyers are under 35) • 2/3 have household incomes of under $90,000 (50% for repeat buyers) Although First-Time Buyers […]

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DLC New Ad Campaign: Women & Financial Decisions

The new tv ad campaign for Dominion Lending Centres, set to air in September, will acknowledge the power of women in financing decisions. In the past couple years, the role of women in household finances has really changed and they are becoming a big part of the decision-making process. In an effort to shake up […]

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Students, we’ve got the credit option for you

Building credit is important, it helps you get approved for big loans such as mortgages and businesses loans. That’s why it’s important to start building credit early on, to make the road to homeownership easier when it comes around. We’ve now got a student Visa card that will help you build credit, while providing a […]

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Dominion Lending Centres Westcor 114 1212 1st ST. SE, Calgary, Alberta. Phone: 403-228-7800. .