John Dunford Dominion Lending Altitude

12/01/2015

Oil at $35 a barrel for a period of five years would trigger a 26 percent collapse in Canadian home prices, according to stress tests run by Canada’s housing agency

The results were part of a slide presentation Evan Siddall, chief executive officer at Canada Mortgage & Housing Corp., gave Monday to a private audience in New York. The “Stress tests – Financial impacts” slide included five scenarios, one of which was called “Oil Price Shock,” which also predicts the unemployment rate would peak at […]

http://poorcreditmortgagebroker.com/oil-at-35-a-barrel-for-a-period-of-five-years-would-trigger-a-26-percent-collapse-in-canadian-home-prices-according-to-stress-tests-run-by-canadas-housing-agency/

11/30/2015

Need help getting a Mortgage, Banks turnded you down - we can help you get a Mortgage - Rates starting as low as 4.99%

Call us today 514-949-5434 or
Go online to fill in an application http://poorcreditmortgagebroker.com/online-application/

I/we warrant and confirm that the information given in the mortgage application form is true and correct and I/we understand that it is being used to determine my/our credit responsibility. You are authorized to obtain any information you may require for these purposes from other sources (including,…

11/23/2015

Finance Minister Bill Morneau said today that Canada’s budget is deeper in the red than we were told in the 2015 budget

As the economy’s performance has disappointed. He also revised down the government’s outlook for the economy over the next year. According to the Minister, the federal books are short roughly $3 billion in […]

http://poorcreditmortgagebroker.com/finance-minister-bill-morneau-said-today-that-canadas-budget-is-deeper-in-the-red-than-we-were-told-in-the-2015-budget/

11/20/2015

(Bloomberg) — Canada’s finances are taking a bigger hit than projected from the oil-price slump, putting the country on pace for red ink even before Prime Minister Justin Trudeau kicks off his plan for deficit spending. After a surplus of C$1.9 billion ($1.4 billion) in the last fiscal year, the latest finance department projections are […]

http://poorcreditmortgagebroker.com/bloomberg-canadas-finances-are-taking-a-bigger-hit-than-projected-from-the-oil-price-slump/

11/18/2015

Need help getting a Mortgage, Banks turnded you down - we can help you get a Mortgage - Rates starting as low as 4.99%

Call us today 514-949-5434 or

Go online to fill in an application http://poorcreditmortgagebroker.com/online-application/

11/10/2015

Job Strength Means Fed Hikes Rates–Canadian Rates Have Bottomed

The jobs numbers released for October exceeded expectations in both the U.S. and Canada. This was a particularly important report for the U.S., because it all but insures that the Federal Reserve will hike rates for the first time in a decade when they next meet on December 16. Interest rates in both Canada […]

http://poorcreditmortgagebroker.com/job-strength-means-fed-hikes-rates-canadian-rates-have-bottomed/

11/09/2015

What is a credit report and why is it necessary?

What is a credit report and why is it necessary? It’s easy, it provides proof of your creditworthiness. Plain and simple! In this day and age, it’s rare to find someone who doesn’t have some form of credit. This can include credit cards, personal loans, […]

http://poorcreditmortgagebroker.com/what-is-a-credit-report-and-why-is-it-necessary/

11/06/2015

Can’t qualify for a bank mortgage? How do private mortgages work?

There is almost ALWAYS a mortgage solution. New to Canada? Self Employed? Maybe a few credit glitches in your past? You just need to ask the right mortgage consultant. Not everyone can qualify for bank mortgages today.

It doesn’t make you a bad person, it makes you a business savvy person getting the best mortgage for your situation! With the mortgage rules constantly changing, private or alternative mortgages are becoming the only way some people can refinance or buy.

http://poorcreditmortgagebroker.com/cant-qualify-for-a-bank-mortgage-how-do-private-mortgages-work/

11/05/2015

Moving Up/Down or Across the Property Ladder? 3 Things To Know

Moving Up/Down or Across the Property Ladder? 3 Things To KnowsMoving up the property ladder is an exciting time in your life – having clarity on how the process works is key to your success.

1. Understand the terms of your mortgage and be prepared – get a pre-approval. Just because you already have a […]

http://poorcreditmortgagebroker.com/moving-updown-or-across-the-property-ladder-3-things-to-know/

11/04/2015

Here are the top 5 reasons why people don’t qualify for a mortgage with their bank and come to see an independent mortgage specialist.

I receive calls every month from people who want to know how to qualify for a mortgage because they were declined by their bank. In many cases I can help them and in some cases they have to wait – but we identify what they need to do to get in a better situation to […]

http://poorcreditmortgagebroker.com/here-are-the-top-5-reasons-why-people-dont-qualify-for-a-mortgage-with-their-bank-and-come-to-see-an-independent-mortgage-specialist/

10/30/2015

Four major metropolitan areas show strong evidence of problematic housing market conditions, according to a report from the Crown Corporation

CMHC’s Housing Market Assessment (HMA), released Thursday afternoon, points to “strong evidence” of problematic conditions in Toronto, Winnipeg, Saskatoon, and Regina. According to the report, Toronto’s analysis is a reflection of price acceleration and overvaluation; the other markets show evidence of overvaluation and overbuilding. Other markets, meanwhile, are at risk of overvaluation. “The most prevalent […]

http://poorcreditmortgagebroker.com/four-major-metropolitan-areas-show-strong-evidence-of-problematic-housing-market-conditions-according-to-a-report-from-the-crown-corporation/

10/28/2015

Brokers – and the industry – will have to wait a little longer for the expected rate hike

“To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4% target range for the federal funds rate remains appropriate,” the Fed said in a release Wednesday afternoon. “In determining whether it will be appropriate to raise the target range at its next meeting, […]

http://poorcreditmortgagebroker.com/brokers-and-the-industry-will-have-to-wait-a-little-longer-for-the-expected-rate-hike/