We were astounded to see media headlines last week stating that “1 in 3 Canadians threaten to go bankrupt if interest rates keep climbing.” This was reported on the heels of the Bank of Canada’s decision to increase the overnight rate by 0.25% for a third time since July 2017. (The media did exaggerate slightly, […]

It’s the Rich and Powerful versus the rest of us folks! Remember the Panama Papers revelations last year that revealed names of top government officials, heads of corporations and yes heads of state as well? Now it about the Paradise Papers. Remember the controversy earlier this year uncovered by CBC Marketplace involving thousands of bank […]

A whopping 60% of Canadian home owners are mortgage free. What a fantastic statistic! Congratulations all you lucky ones, you must be on top of the world liv’in the life right? Logically the first thought that comes to mind is that these people have it made in the shade. But it is just not the […]

This letter also appears as a full-page ad in the October 3rd edition of The Globe & Mail and was written by Gary Mauris, the Founder, President and CEO of Dominion Lending Centres.   We wouldn’t normally reprint an article, but this message is too important to not share with all of you in Centre […]

After months of intimations that more mortgage rules are coming, the Federal government made it official last week. As of January 1, 2018 ALL MORTGAGES will be subject to a ‘Stress Test’. Regardless of the loan-to-value, high-ratio or conventional, insured or uninsured, Canadians will be forced to qualify at a rate that is 2% higher […]

Be careful what you read folks or at the very least, how you interpret it and understand who is saying it. Draconian headlines continue to fly in the realm of real estate, and they want you to panic. A recent example is the August 2nd issue of the Financial Post which stated ‘Toronto home sales plunge […]

A recent CBC News story about how the Bank of Montreal only reversed an action of foreclosure on a federal civil servant who after the loss of her husband and estate issues, a colossal mess up with a new federal pay system, not getting paid for nine months, having her daughter have to quit college […]

The federal government is taking a sludge hammer to the housing market, making it even more difficult to purchase as new (much) more restrictive rules will take effect as early as December 1st. It doesn’t make any sense and it behoves us to understand where all of this is coming from, and why especially since […]

THIS IS THE BIGGEST GROUND SHAKING RULE CHANGE OF ALL TIME! If you are thinking a buying, refinancing or are renewing within the six months you need to get approved as soon as possible. Such an approval now will get you a rate guarantee up to 4 months AND WILL PROTECT YOU FROM THE NEW […]