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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

    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

    Valinda, Satisfied Customer

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

    Greg Irwin, Satisfied Customer

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

Does My Income Matter?

In this market, banks almost always use income to ensure mortgage affordability, regardless of the amount of down payment.  How they calculate affordability varies from lender to lender but for the most part, four times your gross income is a good rule of thumb.

How much can you afford more precisely? The shortest answer to that question is: it depends on a number of factors. The most important are:

  • Your gross household income
  • Your down payment 

  • The mortgage interest rate

Lenders will also consider your assets and liabilities. Your own lifestyle and debt comfort zone also come into play here.

Your Maximum Mortgage Calculation is based on two simple rules that lenders use to determine how much of a mortgage you can afford. The first rule is:

  1. Your monthly housing costs should not exceed 35% of your gross monthly household income (this can be up to 44% with some banks, depending on credit score). Housing costs include monthly mortgage payments, taxes and heating expenses. If applicable, this sum should also include half of monthly condominium fees.
  2. Your entire monthly debt load should not be any more than 44% of your gross monthly income. This includes housing costs, and other debts such as car payments, personal loans, credit card payments and the like. Again this depends on your comfort level, and future financial goals.

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.