Dominion Lending Centres’ new mortgage originations hit $2 billion for that month alone.
The first half of the year was a positive one for the lender with 35,000 new home loans written in the first six months of 2015, a 25% increase on the same period in 2014.
President Gary Mauris said: “Certainly we have some sector declines in parts of the country but we know that Canadians are still optimistic about the real estate market and deem it to be an astute investment.”
The first-half growth was despite figures showing a recession during the period.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Esprit-Saint, Kitchener, Summerville Centre, Black Rock, Mount Brydges
Canada’s largest mortgage institution has announced a record number of originations in July.