Mortgage Resources

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Check out our deep dives in mortgage education and learn how to manage your home.

Special Feature with DLC Economist Dr. Sherry Cooper

Special Feature with DLC Economist Dr. Sherry Cooper

A rare opportunity from Chief Economist Dr. Sherry Cooper of Dominion Lending Centres, sharing her outlook on inflation, interest rates, world events, and the housing market. Watch the full video 👇

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Interest Rates & Neutral Rates

Category: First Time Buyer,

5 Yr Fixed (insured) 4.84% ↑ 0.10% 3 Yr Fixed (insured) 4.99% – 5 Yr Fixed 5.09% – 3 Yr Fixed  5.09% ↓ 0.05% 5 Yr Variable (insured) 6.20% ↑ 0.10% 2 Yr Fixed (insured)...

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New Stress Test – Yes and No…

Category: First Time Buyer,

This is a YES because BANKS now have a new stress test for their portfolio. The new stress test is about loan-to-income (LTI) and that each bank will be assessed at how much their book...

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Variable: Lock in? And if Yes, When?

Category: First Time Buyer,

The variable rate does seem like it’s a good option now… especially since the discount off prime is now so great. However, the variable rate is still higher than the fixed rate… so when do...

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Advanced Strategies: Cash Damming – Here’s What It Is

Category: Education and Learning,First Time Buyer,Home Purchase,

Good Evening Amazing Partners, Why is money called dough?! It’s ’cause we all “knead it.” We’ve had a little bit of a teeter-totter with rates recently. The bond market has been going down, then up, and now most recently...

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Looking at the Variable Again

Category: Education and Learning,First Time Buyer,Home Purchase,

I always find looking at the numbers interesting. If you have anybody who is thinking about the variable, remember, it’s more flexible than the fixed rate because you can lock in your variable into a...

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Buying and Selling – How Dates Can Line Up

Category: Education and Learning,First Time Buyer,Home Purchase,

Buying and Selling – How Dates Can Line Up It can be fairly complex when you want to buy a new property and you need the equity in a property you want to sell. IE,...

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First-Time Home Buyers’ Tax Credit (HBTC)

Category: Education and Learning,First Time Buyer,Home Purchase,

First-Time Home Buyers’ Tax Credit (HBTC) First-Time Home Buyers’ Tax CreditThe government allows first time homeowners to save $1,500 on their taxes by claiming $10,000 on Line 31270 on their 2023 tax returns. In order to save $1,500, the...

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Current Interest Rates & Analysis – Jan 8, 2024

Category: Education and Learning,First Time Buyer,Home Purchase,

Current Interest Rates & Analysis – Jan 8, 2024 Summary: Fixed interest rates have been decreasing steadily over the past two months. At the same time, the variable rates have increased (the discounts off of...

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All About Mortgage Porting

Category: Education and Learning,First Time Buyer,Home Purchase,

Porting a mortgage means bringing the mortgage from one property to another.This is usually done to keep a specific mortgage interest rate when the current rates are higher. Porting can only be done when a sale...

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Rates Held! No rate increase Dec. 6

Category: Education and Learning,Home Purchase,

Good Morning Amazing Partners, Great news! No rate increase.  Although, this was suspected and expected. Bottom line: Overall inflationary risks have continued to recede in Canada after dominating the economic landscape for the past two years, and the...