The first-time homebuyer incentive program is a shared-equity mortgage with the Canadian government that helps qualified first-time buyers reduce their monthly mortgage payments to better afford a home! The Incentive: This program allows you to obtain an incentive from the government to assist with your down payment, thereby lowering your overall mortgage amount and, […]

    Approximately 20% of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. Qualifying for a Mortgage In order to obtain a mortgage as […]

  Prospective homebuyers wanting to take advantage of the federal government’s new Tax-Free Savings Account will have to wait longer. This new tax free savings account wont be available until later this year. All of the Big 6 banks confirmed to CMT that they weren’t in a position to offer the new account when it […]

    As promised, there would be nothing much in this year’s budget for fear of stimulating inflation. The federal government faces a challenging fiscal environment and a weakening economy. Ottawa promised it would err on the side of restraint. Instead, Finance Minister Chrystia Freeland announced a $43 billion increase in net new government spending […]

Further decline in inflation in February will keep the bank of Canada on hold in April. All eyes will be on the Federal Reserve tomorrow when they decide whether to hold rates steady because of the banking crisis or raise the overnight rate by 25 basis points (bps). Before the run on Silicon Valley Bank, […]

While Toronto has seen a significant dip in home prices as borrowing costs have gone up over the past year, other places in Ontario are seeing an even more dramatic drop according to a new report released Monday. The report, from economists at financial services company Desjardins, examined the Ontario housing market in the context […]

    After 26 years of being the spring event that kicked off the prime season for many businesses in our area, the local home and cottage show is returning this April. Mandates and lockdowns prevented the annual Simcoe Spring Home and Cottage Show from being held for the last three years. After this hiatus, […]

Mark Goode, Mortgage Man – Dominion Lending Centres (DLC) has been recognized for his hard work in 2022 as well as over the last two decades. DLC has awarded him with a 2022 Masters award for exceeding $500,000 in gross revenue and funding over 150 files. He has also been added to the prestigious Hero […]