Bank of Canada Holds Steady Amid Continued Trade Uncertainty ( in English –prime rate is not dropping like we hoped it would)
December 4, 2019
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Whether you are a first-time buyer or an experienced buyer with excellent credit, Dominion Lending Centres has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Get in TouchCurrent Rates
Our rates are always competitive and we pride ourselves on making sure that you get the best possible rate available to you. Check out our current rates below, compared to the competition.
Current Rates
Current variable mortgage rate is
1.50%
Current prime rate is
2.45%
-
- Terms
- Bank Rates
- Payment Per $100k
- Our Rates
- Payment Per $100k
- Savings
-
- 6 Months
- 3.09%
- $477.88
- 2.79%
- $462.54
- $15.34
-
- 1 Year
- 3.14%
- $480.46
- 1.64%
- $406.28
- $74.18
-
- 2 Years
- 3.19%
- $483.05
- 1.59%
- $403.93
- $79.12
-
- 3 Years
- 3.49%
- $498.74
- 1.59%
- $403.93
- $94.81
-
- 4 Years
- 3.74%
- $512.02
- 1.64%
- $406.28
- $105.74
-
- 5 Years
- 4.59%
- $558.49
- 1.69%
- $408.64
- $149.84
-
- 7 Years
- 5.35%
- $601.69
- 2.44%
- $444.98
- $156.70
-
- 10 Years
- 5.60%
- $616.23
- 2.84%
- $465.07
- $151.15
Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. Posted rates may be high ratio and/or quick close which can differ from conventional rates. *O.A.C. E.& O.E.
Calculators
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Apply NowI was very apprehensive when I was hoping to purchase my first home. Its one of the biggest financial moves that most people make in their lives. Jen was amazing! She helped me understand exactly the ins and outs of obtaining my first mortgage. I will continue to work with Jen and recommend her strongly to anyone that is looking for an expert in obtaining a mortgage. Thank you Jen! Tyler Keepence
Just wanted to thank you for your time and counsel session yesterday. You are very good at what you do. I appreciate so much that my daughter has put her trust in you, and that she also extols your talents. As the senior around my family I like how you listened to both of us yesterday, and responded to each of our concerns and questions. You were attentive to my input as well, and came back to my reflections a few times. It is always dicey with family members when it comes to discussing money issues. Thank you again Jen.
Joanne DiCastri
I’m sorry I haven’t written to you sooner but I wanted to send you a big THANK YOU! So much has happened in such a short amount of time that I lost track of time. I hope you and your family are doing well and have not been affected negatively by the recent events.
You honestly kept us sane and held our hand through a very difficult process and we couldn’t have done it without you. I was talking to my friend about it today and I can’t believe how fast everything happened and how much work went into it.
I just wanted to send you a short update: We have had the keys for a bit over a month and have been busy giving the place a facelift (new paint, new lights, etc.). We haven’t moved in yet and currently waiting to replace the flooring (carpet out, hardwood floors in). We are learning tricks and trades but can safely say that we will never go into home renovations for a livelihood. Mad respect for anyone who does it!
Anyway, thank-you, thank-you, thank-you!!! We also received your card and it was so lovely and meaningful. I hope we will get to work together again in the future!
Best,
Nazila and Mandy
We would like to take this opportunity thank you for working with us
to redo our mortgage! It was quick and easy and we really
appreciated everything you did for us!
Thank you!
B & T Halvorsen
Adam and I wanted to take to the opportunity to tell you what a pleasure it was working with you. The job you did helping us secure our mortgage for our home here in Langford was excellent and was far and away the least stressful part of the whole transition. The level of service you provided us was, in our opinion, second to none, and we really appreciated you working (again and again!) to get us the best rate possible.
We will not hesitate to recommend you to others of our friends who are moving to the Island (and we know a few!) or who are looking to purchase a new home.
Thank you again for all you work. It did not go unappreciated.
Jake & Adam
There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. I have over 17 years experience in the financial services industry, previously having worked for 2 major banks, TD and RBC before becoming a broker over 6 years ago.
While a bank only offers the products from their particular institution, I have access to over 50 lenders including major banks, credit unions and other financial institutions, thru DLC Modern Mortgage Group. I offer my clients more choice, and access to hundreds of mortgage products! As a result, you, as my client, benefit from the trust, confidence, and security of knowing you are getting the best mortgage for your needs.
On a personal note I am born and raised on Vancouver Island! I have 2 kids that are growing up way too fast and have a huge love for animals. My daughter is extremely smart and doing very well in school and my son keeps me busy with his competive lacrosse programs he is involved in.
The largest purchase in a person’s lifetime is their home. Whether you are a first time home buyer, a home owner taking out equity for pleasure or investment or simply renewing your mortgage, I can provide you with professional unbiased advice to help in your mortgage decision making process.
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