Joshua Young Mortgage Specialist

Climate change is transforming our economy and has broad implications for housing affordability. Do you have an Energy-Efficient Home insured by CMHC? CMHC's renewed Eco-Plus Energy Efficiency Refund Program will refund 25% of insurance premiums for homeowners who qualify. For more information, visit cmhc.ca/ecoplus

CMHC puts the spotlight on energy efficiency The Crown corporation has launched a new refund program for Canadians

Bridge loans are a short-term solution financing that allows you to access some of the equity in your existing property to put towards the down payment of your new home.

How Bridge Financing Works - Dominion Lending Centres Bridge financing allows you to ‘bridge’ the financial gap between the firm sale of your current home and the commitment to your new home.

Did you know, approximately 60 percent of people break their mortgage before their mortgage term matures? Here are some of the most common reasons that individuals break their mortgage and the financial implications.

9 Reasons People Break Their Mortgage - Dominion Lending Centres Below are some of the most common reasons that individuals break their mortgage. Being aware of these might help you avoid them!

In the past few years the Canadian housing market has seen unprecedented demand which has led to buyers taking huge risks in securing a property. Recent Government regulations are being adopted to prevent buyers from further risks and one of the major risks is purchasing a property with no 'Inspection Conditions'. Here's a few reasons why one should opt for a home inspection when buying a home, even if it is a brand-new build.

Why you need a home inspection - Dominion Lending Centres Ahome inspection isn’t a legal requirement when you buy a home in Canada. Yet, it’s certainly a wise decision for the largest purchase you will likely ever make. Here are five reasons why you should opt for a home inspection when buying a home, even if it is a brand-new build. Things unseen The ...

Housing A Major Theme Today’s Federal Budget - Dominion Lending Centres Affordable Housing Is A Key Theme In Federal Budget 2022 Today’s budget announced a $10 billion package of proposals intended to reduce the cost of housing in Canada (see box below). The fundamental problem is insufficient supply to meet the demands of a rapidly growing population base. Thanks to ...

Did you know? There are 10 different factors that affect the rate you qualify for and interest you pay on your mortgage!

Understanding Your Mortgage Rate - Dominion Lending Centres Prepare for the mortgage process and also get a better understanding of the mortgage rates available to you.

Thinking about retirement before it happens is just common sense. But what questions should you be asking yourself? Deciding early what your wants and priorities are, will determine the steps you need to take now. Will travel be more important to you than having a house big enough for the whole family to visit? etc. Of course, wants and desires will change over the years, but having a set plan to begin with is a good idea.

When the Future Becomes the Present - Dominion Lending Centres Thinking about retirement before it happens is just common sense. But what questions should you be asking yourself?

When it comes to mortgages, it is easy to focus on the rates and your current situation, but the reality is that life happens and when it does, rates won’t be the only thing that matters. It is always important to think ahead when signing a mortgage agreement, but not everything can be planned for. In that event, it is important to understand the next steps if you do indeed need to break your mortgage.

Staying Out of the Penalty Box - Dominion Lending Centres The most important thing to remember is that a mortgage is a contract. That means there is a penalty involved if the contract is ever broken.

As projected, more rate hikes expected by Bank of Canada after next meeting on April 13th.

Bank of Canada Hikes Policy Rate by 25 bps, and Sustains Current Bond Holdings - Dominion Lending Centres Bank of Canada Starts Hiking Rates, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate target by a quarter percentage point in a widely expected move and signalled that more hikes would be coming. This is the first rate hike since 2018. In a cautious...

As the BoC will be increasing rates in the upcoming weeks, this is the time to review your mortgage(s). Consolidation of high interest debt, Unsure if a Variable or Fixed rate is right for you? Etc are reasons to start the conversation.

DLC - Fixed VS Variable Rates The decision to choose a fixed or variable rate is not always an easy one. It should depend on your tolerance for risk as well as your ability to withstand i...

As people continue to live longer in retirement, having enough income to cover living and health care costs have become a challenge for many. Good news is homeowners aged 55+, are able to take advantage of the CHIP Reverse Mortgage program that allows one access the equity of their home via income payments or lump-sum payments with no monthly cost to the client.

Not all insurance products are created equal. One of the most common mistakes homeowners and potential homeowners make is that they hear the word “insurance” and just assume they have it! Well, you might have one kind of insurance, but you might be missing coverage elsewhere. It is important to understand all the different insurance products to ensure you have proper coverage

The Bank of Canada held rates steady, as expected, BUT signaling they will remove emergency stimulus and raise the target policy rate when they meet again in March. BoC also emphasized they continue to target inflation at 2%, but that inflation will decline gradually as its currently at around 5%.

No Rate Hike Until March–BoC Assures Inflation Will Return To 2% over 2023-24 - Dominion Lending Centres Bank Will Hike Rates At Next Meeting While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the Governing Council would hold off until March or April because of the slowdown in first-quarter growth arising from the Omicron restrictions. The...

Finding the right home to suit your needs means considering your lifestyle and budget now, as well as where you’ll be a few years down the road.

Find Your Perfect Home Type - Dominion Lending Centres When it comes to finding your perfect home type, there are so many more options for potential homeowners! From single-family to townhomes...

The holidays is always a time of celebrations and gifts. Here's a short read on how to stay on budget even when gifts was not on the household budget.

Budgeting for the Holidays - Dominion Lending Centres Be mindful with money this season! To avoid a sleigh-size tab, plan ahead to save money and maximize the payoff.

If you’re planning on moving and have found a new home before selling your existing one, you may need a short-term loan to make a down payment on the new place. That's one of the many reasons for short-term financing.

Your quick guide to your best short-term financing options - Dominion Lending Centres Short-term financing – credit or loans that are designed to be paid off in a short period of time – can be a useful financial tool in a variety of different situations, such as: Bridge financing If you’re planning on moving and have found a new home before selling your existing one, you may ne...

Separating, whether through divorce or ending a common law relationship, is never an easy step. Moving on in life can often be difficult, but this program allows you to maintain some of your routine and security by ensuring you and your children can remain in the home you love.

What’s Next for your Home After a Separation? - Dominion Lending Centres Spousal buy-outs are one of the mortgage industries best kept secrets and we want to blow the lid on this great alternative!

With more access to information than ever before, today’s homebuyers are well educated on the market and Informed buyers are much quicker to pull the trigger on a property when they find the home that’s right for them, because they’ve spent so much time getting to know the market, their preferences, and what they can and can’t afford. It’s one of the most interesting trends in today's market.

7 Ways the Homebuying Process is Changing Quickly The changing needs of buyers and sellers, coupled with a need for new technologies and new strategies, brought forward some of the fastest changes the industry has ever seen.

There is no better time than now to recognize the importance of your credit score and check if you are on track!

Your Credit Rating: The Five C's As mortgage rules continue to change, the credit rating is becoming even more important as a higher credit rating could mean a lower interest rate and save you thousands of dollars over the life of your mortgage.

Come join us at the Brock Golf Course for a fun-filled afternoon in support of the Niagara branch of the Canadian Mental Health Association (CMHA). There will be prizes and fun for everyone! All Donations go to Niagara-CMHA.

Mini Golf for Mental Health An afternoon of mini-golf to support the Niagara branch of the Canadian Mental Health Association

Join us for a few rounds August 15th. DM for details.

🎟 Mini Golf for Mental Health Get your tickets on Eventbrite!

As a young family or homeowner, when was the last time your family insurance needs were reviewed? Obtaining a mortgage isn't the final step to Homeownership. Protecting your assets and family is something people do not prioritize.

“When someone passes away and they don’t have life insurance, [the family’s] savings get eroded and their long-term financial goals get wiped out,” says Lee Browning

How to choose a family life insurance plan in Canada | MoneySense What is the best family insurance plan for you? It depends. But we explain how it works and if you need a child rider.

Making the move to a larger home is both exciting and daunting. However, it is entirely doable with the right preparation!

Moving on UP! - Dominion Lending Centres Whether you’re cramped in your tiny apartment or have a little one on the way, it may be time to look at moving on up!

My Mortgage Toolbox app has some great calculators to help you determine what you can afford on a monthly basis before you get in too deep.

Are You Ready for Home Ownership? - Dominion Lending Centres There are four main factors detailed inside that can help you determine if you are ready for home ownership!