The first question people often ask when deciding between a fixed and variable mortgage is: “Where do you see rates going?”   They assume we as mortgage planners know…and of course we don’t.  No one does.  We can, and do, present a variety of possible rate scenarios based on: where we are in the rate […]

The world economic news today has the Greek bailout plan not defaulting anymore, the British government injecting close to $80 billion into their economy and the US unemployment claims down from their forecast. All of this news suggests a stronger world economy but it could also mean that mortgage rates may be on the rise […]

The Bank of Canada decided to leave the overnight lending rate, and we’re all but assured that rates will remain at current levels for the remainder of 2012.  Sure, things could change but for rates to trend upwards would mean that the BOC is no longer concerned about our fragile economy.  There was also good […]

As the BOC had cautiously predicted sluggish growth, at best through the end of this year, and early next, the current Bank of Canada Prime Lending Rate is unchanged and currently holding at 3.00%. On the upside, inflation targets are coming closer to target levels, but not enough to counterbalance the threats that exist on […]

The costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes, can be a particular burden for first-time homebuyers who must pay these costs, as well as save money for a down payment. To assist first-time homebuyers with the costs associated with the purchase of a home, the Government of […]

Several municipalities throughout Canada are charging a fee for processing tax payments collected by financial institutions – this fee can be passed on to the homeowner. For those homeowners that are transferring their mortgage to another financtial institution and have previously included the property tax component in their mortgage payment, it is important to clarify […]

Industry News   One of the best risk-adjusted investments you can make requires no commissions, no buying and selling, and no management fees.   According to a new study from the Certified General Accountants Association of Canada, the boring old mortgage prepayment performs better than most common retirement savings vehicles, including RRSPs.   “Single individuals […]

Are you a homeowner struggling to make ends meet? Do you need help to re-organize your dollars earned and spending? I can help you ‘budget’. Call me to arrange a convenient time to sit down with you to review your finance. Let me recommend solutions that will make a difference! I can help. ddunkley@dominionlending.ca

Are you looking to purchase your first home and don’t know where to start? Are you afraid to “bite more than you can chew”? I’m willing to take the time to sit with you to show you what is needed and how long it will take. I’m willing to go the extra mile with you! […]

Eric Lam Financial Post May 24, 2011 The Bank of Canada’s plan to raise interest rates and exit its stimulus program has been delayed to September due to renewed uncertainty about the fiscal crunch in Europe and its potential spillover effects into Canada, the team Economics said Tuesday. Dawn Desjardins, assistant chief economist, expects the […]