Blog
Bank of Canada does not change the overnight Prime rate Calgary
2011-04-13 | 06:07:35
Bank of Canada Prime Rate does not change
Bank of Canada maintains overnight rate target at 1 per cent
OTTAWA –The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
As anticipated in the January Monetary Policy Report (MPR), the global economic recovery is becoming more firmly entrenched and is expected to continue at a steady pace. In the United States, growth is solidifying, although consolidation of household and ultimately government balance sheets will limit the pace of the expansion. European growth has strengthened, despite ongoing sovereign debt and banking challenges in the periphery. The disasters that struck Japan in March will severely affect its economic activity in the first half of this year and create short-term disruptions to supply chains in advanced economies. Robust demand from emerging-market economies is driving the underlying strength in commodity prices, which is being further reinforced by supply shocks arising from recent geopolitical events. These price increases, combined with persistent excess demand conditions in major emerging-market economies, are contributing to the emergence of broader global inflationary pressures. Despite the significant challenges that weigh on the global outlook, global financial conditions remain very stimulative and investors have become noticeably less risk averse.
Although recent economic activity in Canada has been stronger than the Bank had anticipated, the profile is largely consistent with the underlying dynamics outlined in the January MPR. Aggregate demand is rebalancing toward business investment and net exports, and away from government and household expenditures. As in January, the Bank expects business investment to continue to rise rapidly and the growth of consumer spending to evolve broadly in line with that of personal disposable income, although higher terms of trade and wealth are likely to support a slightly stronger profile for household expenditures than previously projected. In contrast, the improvement in net exports is expected to be further restrained by ongoing competitiveness challenges, which have been reinforced by the recent strength of the Canadian dollar.
Overall, the Bank projects that the economy will expand by 2.9 per cent in 2011 and 2.6 per cent in 2012. Growth in 2013 is expected to equal that of potential output, at 2.1 per cent. The Bank expects that the economy will return to capacity in the middle of 2012, two quarters earlier than had been projected in the January MPR.
While underlying inflation is subdued, a number of temporary factors will boost total CPI inflation to around 3 per cent in the second quarter of 2011 before total CPI inflation converges to the 2 per cent target by the middle of 2012. This short-term volatility reflects the impact of recent sharp increases in energy prices and the ongoing boost from changes in provincial indirect taxes. Core inflation has fallen further in recent months, in part due to temporary factors. It is expected to rise gradually to 2 per cent by the middle of 2012 as excess supply in the economy is slowly absorbed, labour compensation growth stays modest, productivity recovers and inflation expectations remain well-anchored.
The persistent strength of the Canadian dollar could create even greater headwinds for the Canadian economy, putting additional downward pressure on inflation through weaker-than-expected net exports and larger declines in import prices.
Reflecting all of these factors, the Bank has decided to maintain the target for the overnight rate at 1 per cent. This leaves considerable monetary stimulus in place, consistent with achieving the 2 per cent inflation target in an environment of material excess supply in Canada. Any further reduction in monetary policy stimulus would need to be carefully considered.
Thanks to the Bank of Canada for this report regarding the overnight rate and prime rate.
For more information regarding the Prime Rate and variable rate mortgages or Lines of Credit please contact Shawn Selanders, Broker of Dominion Lending Centres - the FIRM.
Mortgage or Leasing Professional - Join us.
We have franchise representation in Okotoks, Calgary, High River, Black Diamond, Langdon and throughout Alberta.
No Prime Rate change for April, 2011
Mortgage interest rate increase looming or not Calgary?
2011-03-26 | 12:18:58
Interest rate hike moves to back burner
The Bank of Canada is almost certain to wait until the latter half of this year to raise interest rates, now that an election is in the offing.
Many economists were already predicting that rate hikes would be on hold until the summer and the spectre of a federal campaign is now cementing that view. History shows that the central bank is usually reluctant to increase rates during an election, due to uncertainty about the direction of the government’s economic policies and the possibility that the move could be seen as partisan.
The Bank of Canada did raise rates in December, 2005, and it lowered them in October, 2008, each time during an election campaign. But in the first instance, it was one more move in a tightening push that began in 2004; in the second, in was during the midst of a global financial meltdown.
While the central bank’s board is appointed by the minister of finance, and ultimately responsible to Ottawa, the bank maintains its independence. Nevertheless, Canadian central bankers generally shy away from media interviews and press conferences during elections and stick to prewritten speeches so as not to inadvertently wade into a political campaign.
The Bank of Canada tends to signal its moves ahead of time – so economists expect that consumers and corporate borrowers have at least a few months to prepare for the next rate hike.
Canadian Imperial Bank of Commerce chief economist Avery Shenfeld had previously thought that the next hike would take place in May, but he now believes it will happen in July. Much of his rationale is based on the notion that the central bank “may be reluctant to use the April meeting to signal a May hike, given that April will come in the middle of an election.”
Economists at Scotia Capital said that the looming election has created new uncertainty about the fiscal policy environment in the near term, and reinforced their view that rate increases won’t occur before October.
“It is less clear whether fiscal policy will act as a drag on growth if election goodies are dangled about,” they said in an e-mail to clients Wednesday morning. “Second, over roughly the past 20 years, the Bank of Canada has generally avoided starting a tightening campaign in an election.”
A number of experts caution that the central bank would certainly take action, election or no election, if it felt it was necessary to do so.
“They are fully flexible and independent of what’s going on in the government,” said Charles St-Arnaud, a foreign exchange research analyst at Nomura Securities in New York.
Although it’s highly unlikely, “if they feel there’s a really big need to increase, they will still go,” he said. A rare example might be a geopolitical risk that shocks the Canadian dollar and prompts the Bank of Canada to raise rates to restore value.
While the central bank prefers not to take action during an election, it would certainly do so if it felt that it was necessary, said Toronto-Dominion Bank chief economist Craig Alexander, who is sticking to his prediction that the Bank won’t move before July. “The economic numbers we are getting are solid, but aren’t sending a signal that inflation is going to be a problem,” he said.
Indeed, Scotia Capital economist Derek Holt said the retail sales figures that came out this week illustrate that “the Canadian consumer is tapped-out.”
Thank you TARA PERKINS, TIM KILADZE of CTV News for this interesting article.
Interested in keeping abreast with mortgage rates, mortgage topics, etc for saving you money? Email ShawnS@DominionLending.ca to receive monthly newsletters and weekly mortgage interest rate updates.
Interested in joining Dominion Lending Centres?
Visit www.JoinDominionLending.ca
10 Ways To Prepare For A Personal Financial Crisis
2011-03-18 | 04:29:01
Financial Crisis Preparation
The thought of being hit with a major negative event that could affect your finances, like a job loss, illness or car accident, can keep anyone awake at night. But the prospect of something expensive, and beyond your control, happening becomes less threatening if you’re properly prepared. This article will describe 10 steps you can take to minimize the impact of a personal financial crisis.
1. Maximize Your Liquid Savings
Cash accounts like checking, savings and money market accounts, as well as certificates of deposit (CD) and short-term government investments, will help you the most in a crisis. You’ll want to turn to these resources first, because their value doesn’t fluctuate with market conditions (unlike stocks, index funds, exchange traded funds (ETFs) and other financial instruments you might have invested in). This means you can take your money out at any time without incurring a financial loss. Also, unlike retirement accounts, you won’t face early withdrawal penalties or incur tax penalties when you withdraw your money – one exception is CDs, which usually require you to forfeit some of the interest you’ve earned if you close them early. (Learn more in our Certificate of Deposit Tutorial.)
Don’t invest in stocks or other higher-risk investments until you have several months’ worth of cash in liquid accounts. How many months’ worth of cash do you need? It depends on your financial obligations and your risk tolerance. If you have a major obligation, like a mortgage or a child’s ongoing tuition payments, you might want to have more months’ worth of expenses saved up than if you’re single and renting an apartment. A three-month expense cushion is considered a bare minimum, but some folks like to keep six months or even up to two years’ worth of expenses in liquid savings to guard against a long bout of unemployment.
2. Make a Budget
If you don’t know exactly how much money you have coming in and going out each month, you won’t know how much money you need for your emergency fund. And if you aren’t keeping a budget, you also have no idea whether you’re currently living below your means or overextending yourself. A budget is not a parent – it can’t and won’t force you to change your behavior – but it is a useful tool that can help you decide if you’re happy with where your money is going and with where you stand financially. (Do you have enough savings to cover the costs of unforeseen crises? Learn how to plan ahead in Build Yourself An Emergency Fund.)
3. Prepare to Minimize Your Monthly Bills
You might not have to do it now, but be ready to start cutting out anything that is not a necessity. If you can quickly get your recurring monthly expenses as low as they can be, you’ll have less difficulty paying your bills when money is tight. Start by looking at your budget and see where you might currently be wasting money. For example, are you paying a monthly fee for your checking account? Explore how to switch to a bank that offers free checking. Are you paying $40 a month for a landline you never use? Learn how you might cancel it, or switch to a lower rate emergency-only plan if you needed to. You might find ways you can start cutting your costs now just to save money.
For example, are you in the habit of letting the heater or air conditioner run when you’re not home, or leaving lights on in rooms you aren’t using? You may be able to trim your utility bills. Now might also be a good time to shop around for lower insurance rates and find out if you can cancel certain types of insurance (like car insurance) in the event of an emergency. Some insurance companies might give you extension, so look for the steps involved and be prepared.
4. Closely Manage Your Bills
There’s no reason to waste any money on late fees or finance charges, yet families do it all the time. During a crisis of a job loss, you should be extra studious in this area. Simply being organized can save you a lot of money when it comes to your monthly bills – one late credit card payment per month could set you back $300 over the course of a year. Or worse, get your card canceled in a time when you might need it as a last resort.
Set a date twice a month to review all your accounts so you don’t miss any due dates. Schedule electronic payments or mail checks so your payment arrives several days before it is due. This way, if a delay occurs, your payment will probably still arrive on time. If you’re having trouble keeping track of all your accounts, start compiling a list. When your list is complete, you can use it to make sure you’re on top of all your accounts and to see if there are any accounts you can combine or close. (Involuntary unemployment credit card insurance may help if you’re laid off, but it may just help your credit card company, check out Insuring A Credit Card Against Job Loss.)
5. Take Stock of Your Non-Cash Assets and Maximize Their Value
Being prepared might include identifying all of your options. Do you have frequent flyer miles you can use if you need to travel? Do you have extra food in your house that you can plan meals around to lower your grocery bills? Do you have any gift cards you can put toward fun and entertainment, or that you can sell for cash? Do you have rewards from a credit card that you can convert to gift cards? All of these assets can help you lower your monthly expenses, but only if you know what you have and use it wisely. Knowing what you have can also prevent you from buying things you don’t need.
6. Pay Down Your Credit Card Debt
If you have credit card debt, the interest charges you’re paying every month probably take up a significant portion of your monthly budget. If you make it a point to pay down your credit card debt, you will reduce your monthly financial obligations and put yourself in a position to start building a nest egg, or be able to build one more quickly. Getting rid of interest payments frees you to put your money toward more important things.
7. Get a Better Credit Card Deal
If you’re currently carrying a balance, it could really help you to transfer that balance to another card with a lower rate. Paying less interest means you can pay off your total debt faster and/or gain some breathing room in your monthly budget. Just make sure that the savings from the lower interest rate are greater than the balance transfer fee. If you’re transferring your balance to a new card with a low introductory APR, aim to pay off your balance during the introductory period, before your rate goes up. (Reducing the rate charged on your credit card balance is the first step to getting out of debt. For more, see Cut Credit Card Bills By Negotiating A Lower APR.)
8. Look for Ways to Earn Extra Cash
Everyone has something they can do to earn extra money, whether it’s selling possessions you no longer use online or in a garage sale, babysitting, chasing credit card and bank account opening bonuses, freelancing or even getting a second job. The money you earn from these activities may seem insignificant compared to what you earn at your primary job, but even small amounts of money can add up to something meaningful over time. Besides, many of these activities have side benefits – you might end up with a less cluttered house or discover that you enjoy your side job enough to make it your career.
9. Check Your Insurance Coverage
In step three, we recommended shopping around for lower insurance rates. If you’re carrying too much insurance or if you could be getting the exact same coverage from another provider for the same price, these are obvious changes you can make to lower your monthly bills. That being said, having excellent insurance coverage can prevent one crisis from piling on top of another. It’s also worth making sure that you have the coverage you really need, and not just a bare minimum. This applies to policies you already have as well as to policies you may need to purchase. A disability insurance policy can be indispensable if you sustain a significant illness or injury that prevents you from working, and an umbrella policy can provide coverage where your other policies fall short. (For more check out The Disability Insurance Policy: Now In English.)
10. Keep Up with Routine Maintenance
If you keep the components of your car, home and physical health in top condition, you can catch and problems while they’re small, and avoid expensive repairs and medical bills later. It’s cheaper to have a cavity filled than to get a root canal, easier to replace a couple of pieces of wood than to have your house tented for termites and better to eat healthy and exercise than end up needing expensive treatments for diabetes or heart disease. You might think that you don’t have the time or money to deal with these things on a regular basis, but they can create much larger disruptions of your time and your finances if you ignore them.
Conclusion
Life is unpredictable, but if there’s anything you can do to stave off disaster, it’s to be prepared and be careful. With the right preparation, you can prevent a financial crisis from ever becoming a crisis and only have to deal with a temporary setback.
Thank you for this interesting article by Amy Fontinelle and Investopedia
Financial Crisis Preparation
Home Insurance | Home Buyer Tips
2011-03-18 | 04:14:02
Home insurance: 10 things you need to know
Your home is your single biggest purchase and the things inside it, probably number two. So when it comes to insurance, making sure your home and possessions are protected is important. Here are ten things you need to know.
1. What if my house burns down?
The cost to rebuild your home plays a big role in determining the amount you pay for home insurance. Insurance companies use a formula to figure that out, but since there are several industry approved calculation methods the cost may differ from one insurer to the next. Ask your broker or agent to explain which method they use and the assumptions.
2. Do I have replacement cost coverage?
The number the company comes up with in Step 1 is what it will pay to rebuild your home. The amount increases over time, but there is a possibility it isn’t keeping pace with increases in the cost of labour and materials.
Check with your broker or agent to see if you have guaranteed replacement coverage. This ensures you will receive the amount that it actually costs to replace your home and not the amount on your policy. Not all policies have this coverage and rules vary across insurance companies.
3. Do I have sewer back-up coverage?
It may come as a surprise that not all insurance policies include coverage for damages from sewer back-up into your home. If you are unsure, speak to your broker or agent.
4. Policy special limits
Most policies set a maximum they will pay to cover certain items including jewelry, tools, furs and bicycles. These limits can vary from one insurance company to another. If you have expensive items you wish to protect, make sure the policy has sufficient coverage for your needs. You can also increase the amount of insurance for these items separately, if needed. And if you are shopping around, ensure you include this coverage for an apples-to-apples comparison of rates.
5. What type of policy do I need?
Broadly speaking, there are three types of policy: a Comprehensive Policy, a Broad Policy and a Fire Policy. The first type provides full coverage, the second average coverage and the last provides only basic coverage. The names of these policies offered will vary from one insurance company to another, so be sure to ask to better understand what you are buying.
6. Ask for discounts
Some insurers offer discounts for such things as being mortgage-free and for being a non-smoking household. There may also be something if you have an alarm system, are claims-free or bring all your insurance policies under one roof.
7. What happens if I make a claim?
If you were to make a claim you could lose your claims-free discount. For that reason you want to consider the impact on your rates before proceeding with a claim and better understand how your policy works before you purchase home insurance. Also be sure to consider your out-pocket costs related to any claim such as your deductible.
8. I’m a renter. Do I need insurance?
Even if you are only renting your home, you should consider a tenant’s policy. This protects your possessions (TV, computer furniture, sporting goods, jewelry, etc.) and ensures you are covered in the event of damage to your apartment, a neighbour’s, or someone injures themselves while on your property.
9. Older homes
There are a few key areas an insurance company looks at to assess risk before insuring your home including wiring, galvanized or lead pipes, electrical service, heat source, wood stoves, and the age of your roof. Most prefer that you not have knob and tube or aluminum wiring. Galvanized or lead pipes generally indicate the age of the home and most companies prefer that you have this updated to copper or plastic. They also typically prefer that you have breakers instead of fuses with 100-amp service at minimum.
Improperly maintained wood stoves are a common cause of house fires and your insurance company may request a full inspection should you have one. Generally speaking, insurance companies prefer that your roof has been updated within the last 20 years.
10. Optional coverage
Depending on where your home is located you may want additional coverage. For example, if you live in an earthquake-prone region you may want to consider earthquake coverage, which is not normally included in standard policies. Another example is sewer back-up coverage which may be particularly desirable should your home be located in a low-lying area that is susceptible to sewer back-ups.
This article was prepared for Moneyville’s launch. Andrew Wicken was the general manager of InsuranceHotline.com, a free online insurance rate comparison service.
Thank you for this interesting article By Andrew Wicken, Moneyville | Fri Mar 11 2011 on home insurance tips.
Home insurance: 10 things you need to know
Tips on selling your home on your own | FSBO
2011-03-18 | 04:12:54
Selling a home on your own: 5 things to consider
As a result of the new deal between the Competition Bureau and the Canadian Real Estate Association, more choices are now available to sellers who wish to sell a home by themselves. You can use the for-sale-by-owner websites, or you can now use a real estate agent to just post your home on the MLS (Multiple Listing Service) system, and then, for an additional fee, ask for assistance with marketing, open houses, staging or negotiating any agreement. There are also agents who are advertising flat fees for the entire service, instead of a percentage of the sale price, so there will be more options available. Remember to ask what everything will cost.
If you are considering selling your home by yourself, here are five issues you need to understand in advance:
Pricing: This will require you to conduct research, on the Internet at sites like www.realtor.ca as well as touring your neighbourhood to look at what homes are selling for. You will not have the same up-to-date access to what properties have sold for as an agent does, but you can get a general idea as to what your home is worth. You will also need to visit the ‘competition’ to look at how they compare to your home. Most sellers think of their home as unique, or special. Not true. You need to be realistic when setting a price. Most buyers will expect a discount since you are not paying real estate commission. As an alternative, you can get a professional appraisal for $300 to $500 to obtain a more accurate idea of what your property is worth. Go to www.aicanada.ca to find an appraiser in your area.
Screening Buyers: This is a real challenge. Most who sell by themselves depend on open houses to invite potential buyers in to see their property. You don’t know who is coming. Many people who attend these open houses cannot afford your home. They are just coming to look, and in extreme cases, to steal from your home while you are distracted. To protect against this, check the license plate and car of everyone who comes to your home, and ask questions such as: “Where do you live? Do you own a home now? When are you thinking of moving?” to get a better sense whether these are legitimate buyers. Make sure valuables are safely locked up and that there are two or three people with you to observe everything going on,inside and outside your home.
Disclose Defects: Sellers need to understand that if they know about major problems to the home that are not visible, such as a basement or roof leak, mould behind the walls or a problem with the foundation, then this must be disclosed to potential buyers. If you do not disclose them, you can be sued by the buyer after closing. A good strategy is to have your house inspected by a professional home inspector before you put it on the market, then give a copy of the report to any potential buyer. You can find a home inspector at www.oahi.com
Staging Your Home: Home stagers can provide useful information on making your home more attractive to buyers. This could include de-cluttering, removing or replacing furniture, repainting or minor renovations, and exterior lawn care to give your home more curb appeal. If you plan on selling by yourself, Consider hiring a home stager, or possibly a landscape designer, to assist you.
Negotiating the Agreement of Purchase and Sale: The fine print in a standard real estate contract is complicated. The buyer may also include conditions, representations and warranties, any of which could permit her to back out of the deal at the last minute, or cause you to have to pay for something unexpectedly after closing. Ask for a deposit of 5 per cent to make sure an offer is serious. You will need a lawyer to assist you. Since multiple offers may come in, not always during business hours, you should try ensure your lawyer will be available to assist you when needed.
If you are not comfortable dealing with the issues raised above, or if you find yourself in a buyer’s market where there are more houses for sale than available buyers, consider retaining a professional real estate agent to assist you.
Toronto lawyer and author Mark Weisleder is a consultant to the real estate industry. His latest book is Put the Pen Down! What Homebuyers and Sellers Need to Know Before Signing.
Thank you for this article from Moneyville By Mark Weisleder | Fri Nov 05 2010
Selling a home on your own: 5 things to consider
Fixed Mortgage Rate or Variable Mortgage Rate
2011-03-17 | 23:09:31
Fixed-rate mortgages find few friends among brokers
How would you like to be a disinterested bystander during the coming run-up in borrowing costs?
Toronto-Dominion Bank’s new special offer of a seven-year mortgage at 4.79 per cent will do that for you. Or, you can buy yourself a decade’s worth of protection against interest fluctuations with a 10-year mortgage at 4.99 per cent.
I’ve been doing this job long enough to remember when those rates looked quite competitive. By today’s standards, they’re too high to get much support at all from a panel of six mortgage brokers I surveyed by e-mail on TD’s deal.
They’re big fans of variable-rate mortgages, which today can be had for as little as 2.15 to 2.30 per cent. You ride in the front car of the interest rate roller coaster with these mortgages, though. Every time the Bank of Canada sets its rate benchmark higher, borrowing costs on variable rate mortgages rise as well.
The risk of rising rates is hard to quantify right now because of global economic cross-currents such as soaring commodity prices, economic troubles in Europe, what’s happening in Japan and an improving but still damaged U.S. economy. Our economy is on the upswing, and yet the Bank of Canada remains tentative on rates. It bumped up its overnight rate three times last summer by 0.25 percentage points each and hasn’t made a move since.
The bank has six more opportunities to raise rates this year, starting on April 12. It’s tough to be sure whether rates will increase in the rest of 2011, but you can be dead certain that over the next seven years, they’ll rise to levels that are much higher than they are now.
Seven- and 10-year mortgages are an extreme, and thus infrequently used, way of insuring yourself against a higher rate world. A survey released late last year by the Canadian Association of Accredited Mortgage Professionals showed just 7 per cent of mortgage holders had terms of five to 10 years and 1 per cent had terms longer than 10 years.
The CAAMP survey also found that roughly two-thirds of people have fixed-rate mortgages, about 30 per cent have variable-rate mortgages and the rest have hybrids with variable and fixed components. Clearly, Canadians like the idea of interest rate security. But seven years of it? Not so much.
“We have a small number of customers going into the odd terms, which are two, four, seven and 10 years,” said Chris Wisniewski, associate vice-president of real estate secured lending at TD Canada Trust. “We haven’t seen a significant rise in the last little while, but there’s more and more concern about the potential for rising interest rates.”
Several of the mortgage brokers surveyed for this column were strongly in favour of variable mortgages as opposed to fixed-rate mortgages of any term. “In my many years of experience, going fixed generally has not worked out well for my clients,” wrote Peter Majthenyi of Mortgage Architects in Toronto.
Vancouver mortgage broker Kim Arnold said she currently can get a variable-rate mortgage for clients at prime minus 0.85 percentage points or 2.15 per cent. For people who want fixed rates, she can arrange a three-year term at 3.42 per cent or a five-year term at 3.79 per cent.
The most aggressive stance against the seven-year mortgage came from veteran mortgage broker Vince Gaetano of Monster Mortgage. “It’s an ill-advised idea [for the consumer] and money maker for TD Canada Trust,” he wrote in his survey response.
Mr. Gaetano said the extra cost of locking in for seven years isn’t worth it. His preferred approach for people who want a locked-in mortgage is to take a five-year term, but make payments as if the rate was the 4.79 per cent charged on the seven-year term.
“It is important that Canadian consumers understand the need to accelerate the repayment of their debt rather than worry about where rates are going,” he wrote.
One mortgage broker who offers some support for the seven-year mortgage is Jake Abramowicz, who works mainly with first-time buyers in Toronto. “I think it would be a good idea if someone taking a fixed [mortgage] would extend for longer,” he wrote. “Problem is, most of my first-time buyers don't see themselves in their places for seven years. The great majority, being between 25 to 40 years old, want to keep moving up the property ladder.”
Seven- and 10-year mortgages may be fringe products, but they do get you thinking about where rates will go in the next several years. Some people will decide to pay a higher rate today so they can tune out whatever’s ahead, and who are we to fault them?
Thank you for this article ROB CARRICK From Thursday's Globe and Mail. Published Wednesday, Mar. 16, 2011
Remember to shop for your mortgage regardless of the product. Keep in mind the institution you are dealing with as well, do they always offer discounted mortgages or do you have to negotiate?
Mortgage brokers deal with lenders that have only one rate, the discounted rate. If you qualify for the product you automatically get the discount rate, upon renewal - you are offered ONLY the one discount rate they have again.
Smart shopping for mortgages begins with your local mortgage broker Shawn Selanders. Shawn is an Accredited Mortgage Professional (AMP with CAAMP) and broker/owner of Dominion Lending Centres franchise "the FIRM".
next »