“Coup” may not come close to describing DLC’s announcement this week that it will welcome five high-profile broker teams – representing more than $500 million in annual funded volume and including industry veteran Don Stoddart.

“We’re thrilled that these five incredible franchises have joined Dominion Lending Centres,” said Dominion Lending Centres president Gary Mauris, in a release issued this week. “This speaks volumes for the type of franchises we’re continuing to attract to our national team.”

The new Dominion Lending Centres franchises make the move from Mortgage Architects, bringing with them more than a century of collective experience.

On the list is Debbie Belair and John Bourassa in Ottawa, with 25 years of experience and 20 licensed agents; Don Stoddart in Brampton, with 24 years of experience and 15 licensed agents; Greg and Mark Eade in Burlington, with 13 and six years of experience, respectively, and seven licensed agents; and Rose and Joe Baldin in Oakville, with 13 and six years of experience, respectively, and three licensed agents.
 
Orillia’s Mark Goode officially joins DLC on May 1, bringing his own 11 years of experience and 10 licensed agents in tow. The others migrated over this month.

Their collective move represents another round in the growing movement of brokers from one network to another.

Analysts suggest the trend will in fact continue as mortgage professionals seek to reposition themselves ahead of growing competition with the banks for what may be a slower market in the medium term.
 

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