Mortgage Advisor Prabhjot Kaur Sidhu

05/31/2023

https://dominionlending.ca/mortgage-tips/dont-be-house-poo

Having the biggest and best home on the block sounds great – but not if it is at the expense of your life and monthly finances! Be smart about your budget and avoid buying a home at the very top of your pre-approval value, which might lead to cash flow issues and being “house poor” […]

04/25/2023

https://dominionlending.ca/sponsored/five-ways-to-refresh-your-home-this-spring

Are you looking to upgrade your home? With warmer weather and extended sunlight hours, spring is the perfect time to give your home a bit of extra TLC. Here are five renovation projects you can do this spring that can increase your home’s appeal, inside and out: 1. Repave your driveway. You may ha...

04/24/2023

https://dominionlending.ca/economic-insights/osfis-annual-risk-outlook-fiscal-year-2023-2024

Weakening Housing Markets Pose A Risk For The Canadian Economy On April 18, Canada’s national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing th...

04/21/2023

https://dominionlending.ca/economic-insights/canadian-inflation-falls-to-4-3-y-y-in-march-lowest-level-since-august-2021

Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne, however, much of the drop in inflation resulted from the steep monthly increase in prices in March one year ago...

04/20/2023

https://dominionlending.ca/economic-insights/first-back-to-back-canadian-home-sales-gain-in-march

Good News On The Canadian Housing Front The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada paused rate hikes. Bond market yields, though very volatile, have trended downw...

04/20/2023

https://dominionlending.ca/mortgage-tips/5-steps-to-getting-a-mortgage

While the mortgage process can be daunting, we have broken it down into 5 easy steps to help you get started! Plus, a DLC mortgage expert is happy to help guide you every step of the way so it is even easier to make your dreams of home ownership happen. Options: Your mortgage professional has […]

04/12/2023

No change to Prime rate today!!

04/12/2023

https://dominionlending.ca/economic-insights/bank-of-canada-holds-policy-rate-at-4-5

The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% Inflation The Bank of Canada left the overnight policy rate at 4.5%, as expected, stating their view that inflation will hit 3% by mid-year and reach the 2% target by next year. They admit, however, that demand continues....

04/11/2023

https://dominionlending.ca/mortgage-tips/self-employed-and-seeking-a-mortgage

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...

04/11/2023

Happy Easter!!