Buying your first home is exciting—but it can also be overwhelming. One way to simplify the process and protect yourself is by securing a mortgage rate hold.

A rate hold, typically valid for 90 to 120 days, locks in the current interest rate while you shop. If rates rise, you’re protected. And if rates drop, you can often still take advantage of the lower option!

Here’s why a rate hold matters:

✅ Protection from Rate Increases: Your rate is secured even if the market shifts.

✅ Better Budgeting: Knowing your rate helps you plan monthly payments and shop within your price range.

✅ Time to Explore: You can compare homes and mortgage options without pressure from changing rates.

✅ Less Stress: No need to rush—your rate is safe. And if your hold expires, renewing is simple.

✅ Long-Term Savings: Locking in a great rate now could save you thousands over the life of your mortgage.

Even in a stable rate environment, a rate hold gives you peace of mind and flexibility as you move through the homebuying journey. It’s a smart first step toward homeownership!

– Michele McGarvey Team, Dominion Lending Centres

Spring is the perfect time to refresh your home. As the weather warms up, consider these six upgrades to enhance both your comfort and property value.

1. Kitchen Renovation
A kitchen makeover adds beauty and function. Mid-sized renovations typically cost $25,000–$40,000 in Canada.

2. Roof Replacement
Upgrade an aging roof to improve energy efficiency and avoid future damage. Costs usually range from $10,000–$20,000.

3. Backyard Makeover
Turn your outdoor space into a personal oasis. Decks, landscaping, or outdoor kitchens range from $5,000–$15,000+.

4. Siding or Paint Refresh
Boost curb appeal and protect your home. New siding runs $14,000–$30,000, while exterior paint costs $3,000–$9,000.

5. Doors & Windows Update
A new front door ($3,900) or updated windows ($15,000–$35,000) can brighten your home and improve efficiency.

6. New Air Conditioner
Stay cool with a modern, efficient system. Replacements typically cost $3,500–$8,500.

Start with the upgrade that suits your lifestyle best and enjoy a more comfortable, valuable home this spring.

*Please note that all the numbers listed above are estimates and have been sourced from numerous websites. These figures are approximate as they may vary depending on different factors including province, time, market conditions, as well as regulations or policies.*

– Michele McGarvey Team, Dominion Lending Centres

The Smart Way to Track Your Financial Health

Paying off debt or hitting savings milestones can feel like major wins — and they are. But if you want a clearer picture of your overall financial progress, it’s important to look at more than individual goals.

One of the best ways to measure your financial health is by tracking your net worth. This simple formula — your total assets minus your total liabilities — gives you a comprehensive snapshot of where you stand.

Regularly reviewing your net worth can help you see the bigger picture: how your savings, investments, and debts are working together. It keeps you focused on long-term growth and helps you make more informed decisions about spending, saving, and investing.

It’s also a valuable tool for retirement planning. Tracking your net worth over time shows whether you’re on pace to reach your future goals and can highlight areas where you may need to adjust your strategy.

There’s no one perfect way to measure financial growth, but keeping an eye on your net worth is a smart, simple habit that can guide you toward lasting financial wellness.

– Michele McGarvey Team