Issue link: https://canadawidemedia.uberflip.com/i/840925
6 >> OUR HOUSE sUmmer 2017 Dominion LenDing Centres EDITOR michael mcCullough ART DIRECTORS edwin Pabellon, ren reed COnTRIbUTIng wRITERS Len Anderson, Dr. sherry Cooper, Jeremy Deutsch, gord Hamilton, nathan Lawrence, Pam Pikkert ExECUTIvE CREATIvE DIRECTOR rick thibert PRODUCTIOn MAnAgER Kristina Borys IMAgIng TECHnICIAn mandy Lau dominionlending.ca PRESIDEnT AnD CO-FOUnDER gary mauris DLC DIRECTOR AnD CO-FOUnDER Chris Kayat vICE-PRESIDEnT, MARkETIng PUbLIC RELATIOnS AnD COMMUnICATIOnS Dave teixeira CREATIvE DIRECTOR Lisa Amor CHIEF ECOnOMIST sherry Cooper STAFF wRITER Jeremy Deutsch vICE PRESIDEnT OF LEnDER & FRAnCHISE RELATIOnS rich Ulvild For advertising please contact Dave teixeira at 1-888-806-8080 or Dave@dlc.ca Your comments are welcome. Please write to Dominion Lending Centres 2215 Coquitlam Ave, Port Coquitlam, BC V3B 1J6 Phone: 1-888-806-8080 Our House magazine is published quarterly by Dominion Lending Centres. no part of this magazine may be reproduced without written permission of the Dominion Lending Centres. Address changes: Jeremy@dlc.ca Canadian Publications mail Product sales Agreement no. 40065475. mortgAge + HomeoWners mAgAZine S U M M E R 2 01 7 A s we head off for the summer and get lost in the endless days of sun, we keep in mind that the year hasn't been without its challenges for the mortgage industry. more specifically, those challenges began in october 2016 when the federal government introduced sweeping new rules for the sector. Among them was a stress test that made it more difficult for people to get or renew a mortgage, despite less than a third of one per cent of home loans going into default. since then, we've heard countless stories from brokers and their clients about just how much of an impact the government's new rules have had on regular folks, and i will continue to argue the changes hurt regular Canadians. But as you can read on page 35, we here at DLC and others across the industry aren't going to just accept the changes. i, along with industry leaders like the mortgage Professionals Canada (mPC), spent the better part of spring in ottawa and wherever we were invited trying to bend the ear of the federal government. that included a submission to the standing Committee on Finance and presentation to the Bank of Canada. We want politicians and government officials to get a better understanding of their changes and the effect on the public. so far, it's too early to tell what impact our efforts have had. Fortunately, the 2017 federal budget didn't bring in even more restrictions, but there was no relief either. While we hold out hope for a reversal or a middle ground, we're also not going to go away. if there's something positive that's come out of the mortgage changes, the industry has come together in a way like no other in the past. We vow to keep up the pressure in the future. WORKING FOR YOU CONNECT Check out or blog at dominionlending.ca/news for all the latest mortgage and home news FROM THE DESK OF pRESiDENT gARY MAURiS CoUrtesY oF DLC, istoCK It's time to party and celebrate! Canada turns 150 years young this year and here at DLC, we weren't going to let that milestone go unnoticed. we're all proud Canadians, and we wanted to show our spirit in a special way. So we reached out to our network and collected pictures, videos and messages from members of Team blue and their loved ones expressing why they love this country and what it means to be Canadian. To see a few of the submissions go to page 16. For me, Canada is the most beautiful place on earth. I'm reminded every day just how fortunate we are to live in such a safe and prosperous place where anything is possible. Happy 150th, Canada!