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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

    Valinda, Satisfied Customer

    My agent was very understanding, approachable and listened to my needs and concerns and made very good suggestions.
  • Testimonial

    Adam & Cheryl Tempelaar

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

    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.
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

Investment Property Mortgages

Since April 19th 2010, Canadians are required to have at least a 20% down payment on a rental property purchase as the Mortgage insurers no longer have programs for this.


  • Fixed, Variable and Adjustable Rate Mortgages Permitted
  • Very good rates (very close to best if not best)
  • Up to 80% LTV for a 1-4 unit Rental Property
  • Extended Amortizations: up to 30-years

With the Investment Property Program, borrowers can:

  • Purchase or Refinance an investment property up to 80% LTV
  • Benefit from competitive interest rates and NO application fees
  • Enjoy the payment flexibility that comes with an extended amortization
  • Purchase an investment property in a cost-effective manner
  • Enjoy the convenience of one mortgage and one monthly payment

Traditional - 20% Down Payment Investment Property Mortgages 

With a minimum 20% down payment, purchasers have many options available to them when buying investment/rental property.

What is the cost for Mortgage Insurance? With 20% down, the mortgage is conventional and usually no mortgage insurance is required depending on your current situation.

Mortgage Rates

Many lenders will offer their best rates. 

Best Rental Product

Basically, if you have 20% to put down, have good credit and income, you also qualify for a 30 year amortization.

Net Worth

The requirement for a minimum net worth varies from one lending institution to another. Most lending institutions do not have a minimum net worth, however some require that you have a minimum $100,000 net worth per rental property.

Debt Coverage Ratio

The requirement for debt coverage ratio varies from one lending institution to another.  Some institutions will use rental off set for qualifying purposes, while other lending institutions will use 1.10% debt coverage ratio.

1.10% debt coverage ratio is arrived at by dividing the Net Operating Income by the Debt Service.

Rental off set is when a lending institution uses 70% of the rental income and off sets it against the P.I.T.  Only the shortfall will be included in the Debt Ratio.  If there is a rental surplus this will be added to the client’s income.  Assume a rental property with P.I.T. of $1432 and rental income of $2000. We will take 70% of the $2000 income ($1400) and deduct that from P.I.T. ($1432). The lender will only add the $32 shortfall to the Debt Ratio.

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.