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Sunday , 26 March 2017

Monthly Archives: January 2016

Acquisition creates largest mortgage originator in Canada

A single mortgage company now owns almost 40 per cent of the Canadian mortgage market, after Dominion Lending Centres (DLC) of Vancouver acquired Mortgage Architects of Mississauga. DLC’s market share will now reach $32 billion in annual mortgage volume, from more than 100,000 mortgages per year. DLC, with about 4,800 accredited mortgage brokers, is now the largest mortgage originator in Canada. The DLC family will include three brands: Dominion Lending Centres, Mortgage Centre Canada and Mortgage Architects. Asked about why DLC made the move, the company’s president, Gary Mauris, told Canadian Mortgage Trends essentially that in his business bigger is better. Faced with “potential change” in the market, including a ... Read More »

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