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The latest thoughts and insights from Geoff Lee and GLM Mortgage Group | Dominion Lending Centres
Stress Test Rate Drop Information | All in One Place!
Let's talk about the state of the rate! In order to find out how the current Stress test rate impacts you, first you need to determine if you're an insured or uninsured borrower. Option one: Do you have less than 20% down? Securing an insured...
Fast Five | August Edition
Can you believe we are already into August? This month brings about a whole new list of resources and links for us to share with you and our focus shifts to what is coming up for Canadian's as certain COVID-19 programs close or are folded into current programs. Read...
How does a Mortgage Agent get Paid?
For many, buying a home is a very exciting time! You are beginning to plan out the next chapter (or the next big step) in your future! It can also be a time though where your time is in short supply and perhaps you don't have time to go from one lender to the next...
Canadian Business Sentiment Is Negative
This article was originally featured on Dominion Lending Centres Blog, written by Dr. Sherry Cooper. but we wanted to share this insightful information with you. It is our deepest desire to keep our clients well-versed in not only mortgage news, but also economic...
Fast Five | July Edition
Hello folks! Today we are delivering you our Fast Five for this month--the top 5 things happening in the mortgage world right now that you need to know about. Let's dive in, shall we? 1. CMHC changes Guidelines for Insured Mortgages (those putting less than 20% down...
Cashback vs. Cash Bonus Mortgages
Lately we've been getting questions in regard to the difference between a cashback, and a cash bonus mortgage. We wanted to address those questions, and give you details so that you can make an informed and educated decision on what choice is right for you. ...
It Just Got Tougher to Get A Mortgage with less than 20% Down Payment
On June 4, the Canadian Mortgage and Housing Corporation (CMHC) announced that it would be tightening the criteria to get a mortgage with less than 20% down payment. These changes are set to take place starting July 1, 2020 and will be applied to CMHC insured...
Fast Five | June Edition
Here are the five things happening in the mortgage industry RIGHT NOW! Property Taxes are due July 2nd Property taxes are due July 2nd. You should receive your notice in the mail soon! Don't forget to apply for the homeowner's grants that are applicable to you. LEARN...
B.C Residents—take note!
B.C. Residents, do you have July 2nd marked on your calendar? If you don’t yet, you may want to consider circling it. Why? July 2nd is the day that property taxes are due here in B.C! But before you apply, a reminder to go online and take advantage of the Homeowners...
Fast Five | May Edition
This month, we have rounded up resources and information that we feel will be helpful for you to continue to navigate these uncertain times. We'd like to also take this time to remind you that we are here to help you and have put together a series of resources that...
The Canadian Housing Market | What might happen post-COVID-19?
It’s a halting realization to comprehend that just 6 short weeks ago, our economy was bustling and moving at a steady pace isn’t it? Due to the pandemic and in some cases, lock-down measures, there have been profound impacts on the economy as a whole. One...
COVID-19 Update | April 5-April 12
Is it crazy to think that it has already been a full month since we as a nation have taken action to flatten the curve of COVID-19? This “new normal” still comes with many changes almost daily as we all continue to practice self-isolation and social distancing. ...
Fast Five | April 2020
So much has changed since we did our Fast Five back in March hasn't it? We never would have predicted the current crisis that the world is in as it battles the COVID-19 Pandemic. As we continue to provide you with updates and information, we thought it would be...
COVID-19 Update | March 30-April 4
This week brought about new changes and updates to rates, mortgage and more. It’s a strange world we are living in these days isn’t it? Our new “normal” doesn’t look like what it did just a short 3 weeks ago. We just want to take a moment and remind you that we are...
COVID-19 UPDATE | March 22-29
There continues to be a myriad of changes that happen almost daily with the COVID-19 Pandemic. Each day there are new measures, regulations and information that apply to Canadians everywhere. We are working hard at our GLM Offices to compile the latest real estate and...
COVID-19 AND THE MORTGAGE INDUSTRY
These are uncertain times in the world right now with the COVID-19 Virus changing how we live our day to day lives. The impact is apparent within our communities and the response that people are having – the government is imposing new rules and regulations almost...
Fast Five | March 2020
Ready for this month's Fast Five? Check out the 5 things happening in the mortgage industry right now that you need to know! If you have any questions about the below, please don't hesitate to reach out to us--we are here to help you! File For Your Vacancy Tax...
Fast Five | February 2020
Round 2 of our "Fast Five" Series. This month we are covering our usual 5 key things you need to know about the mortgage industry. We send this out in our monthly newsletter but also want to keep you in the loop if you aren't yet on our mailing list. So without...