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The purchase of a home is the largest purchase most people make during their lifetime. At Dominion Lending Centres, we want to make each and every purchaser aware of the many mortgage options available to them.

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  • Testimonial

    Greg Irwin, Satisfied Customer

    The mortgage process was the most stress free part of the whole purchase and move!
  • Testimonial

    Adam & Cheryl Tempelaar

    Awesome! We will definitely be back when it's time to re-mortgage or buy a new house.
  • Testimonial

    Brittney, Satisfied Customer

    The Dominion Mortgage Team was so great to work with because they answered all of my questions and explained the whole process to me.
  • Testimonial

    Ashlee & Luis Sanchez

    We didn't feel like we were taken advantage of. We felt extremely comfortable; we also felt that we were top priority and everything was going to be done that would best meet our financial situation.
  • Testimonial

    Valinda, Satisfied Customer

    My agent was very understanding, approachable and listened to my needs and concerns and made very good suggestions.
Dominion Lending Centres | Regional Mortgage Group
Dominion Lending Centres

Dominion Lending is a mortgage and leasing company with more than 2,000 members offering free expert advice across Canada for all your mortgage needs:

  • Residential Mortgages
  • Commercial Mortgages
  • Equipment Leasing

Mortgage Questions

Bare Land Purchase

Banks deem undeveloped land as the riskiest of all the different types of real estate investment vehicles. Financial advisors generally counsel against land purchases for almost all private investors; saying that it is, at best, a place to invest only money that you're quite sure you won't be needing anytime soon. But what makes investing in land so risky? Well, here are some issues to consider:

  • The majority of raw land purchases generate no income during the period of ownership, thereby creating a negative cash flow situation due to the accrual of ongoing property taxes.
  • Because land is fundamentally considered indestructible, there's no deprecation allowed for federal income tax purposes.
The municipality in which the land is located governs by zoning how the land can be used.
  • Development of the land is also subject to environmental testing and regulations.
  • Raw land is the most illiquid investment of all of real estate; which, as a whole, is considered to be an illiquid investment genre. It can take literally years to sell some land parcels, and others truly may not be marketable at any price.

As a result, the major lenders will only lend up to 50% of the land’s market value.  Some trust companies will consider 75% in certain situations.  If the land is used for agricultural purposes, some farming based lending maybe available through the likes of Farm credit or AGFC which we also have access to.

Call To Action

For more information on any program you may be interested in please either email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call 403-343-1125 to set up an appointment with an agent.