Selling Your Home in the Spring.

General Derek Cole 12 Mar

Published by DLC Marketing team.

Are you looking to sell your home? We have a few tips to help you make the most of the spring season!

Hire an Experienced Realtor: Before preparing your home for the Spring market, you will want to hire an experienced realtor! A good realtor will serve as your guide through the entire sales process, helping you get your home ready for listing, showing potential buyers and finalizing the eventual sale. This is even more important given the changing landscape in relation to additional safety protocols with viewings and even virtual viewing options. Now, more than ever, the expertise of a realtor will help you navigate the sales process.
Prioritize Repairs and Improvements: Before listing your home, it is important to go through room-by-room and address any issues such as chipped paint, small holes in the wall, broken fixtures, old appliances, etc. Correcting these minor issues will help your home truly shine when buyers walk through.
Clean and Stage Your Home: Now that you have made the necessary minor repairs, you can start staging your home! Start with the exterior of your home and ensure you tidy up the yard, remove any junk and wash your windows! When it comes to the interior of your home, you will want to declutter and do a deep clean (a professional cleaning service can come in handy for this!). Once your home is decluttered and clean, your real estate agent can help you stage it so that it appears spacious and inviting.
Consider a Pre-Listing Inspection: Once you are ready to list your home, it can be a good idea to consider a pre-listing inspection. The inspector would conduct a complete visual inspection of all interior and exterior elements (including HVAC systems, wiring, ceiling, chimneys, gutters, etc.), which would help put prospective buyers at ease.
Organize The Paperwork: There is a lot of paperwork when it comes to selling your home. Having all of these documents organized and together for potential buyers will help to speed up the process and allow them to address any questions before the deal is finalized. Permits, renovation or repair receipts, warranties, rental agreements and copies of your utility bills are all good records for potential buyers.
Whether you are looking to buy or sell, it is important to work with a trusted real estate and Dominion Lending Centres mortgage expert to ensure the best outcome for you and your family!

Change of Address Checklist.

General Derek Cole 4 Mar

Published by DLC Marketing team.

So, you’re moving! Before you hunker down in your new home, there are a few things you will want to take care of regarding your new address.

Personal Contacts

First and foremost, if you haven’t yet, make sure to tell all your personal contacts about your address change, including:

Relatives
Friends
Employer
Schools, colleges, universities, daycares
Landlord (if necessary)
Clubs, associations and charities
Healthcare Professionals

For the purposes of keeping your health care records up to date, make sure to update your professional contacts:

Doctor(s)
Dentist
Veterinarian
Other healthcare specialist(s)
Creditors and Services

If you haven’t yet reached out to your services, you will want to do so as soon as possible for a smooth change of service from your existing address to your new address. These services include:

Phone, cable, internet, mobility company
Electricity / hydro
Natural gas
Heating fuel company (ask if you receive a deposit refund)
Financial institution
Credit card companies
Insurance companies / broker(s)
Lawyer / notary
Subscriptions (e.g., newspapers, books, music, loyalty programs)
Government Services

Lastly, it is vital to inform the federal and your provincial/territorial government if your address changes to ensure all your data and ID cards are updated:

Driver’s license
Health Card
Vehicle registration
Canada Post / epost
Canada Revenue Agency
Canada Pension Plan / Quebec Pension Plan
Old Age Security
Employment Insurance
Need assistance in your search for a new home? Contact a Dominion Lending Centres mortgage expert today!

Mortgages and Corporations.

General Derek Cole 26 Feb

Published by DLC marketing team.

If you are a self-employed client who owns your own business, you may have chosen to set that business up as a corporation. This means the business operates as essentially its own person. They have income through business revenue and expenses from marketing costs, materials, office space, etc.

When it comes to getting a mortgage, there are a few benefits to putting that mortgage under the corporation instead of your individual self:

Corporations tend to pay a lower tax rate than the personal income tax rate and only pay taxes on the net business income.
When it comes to qualifying for a mortgage, a lender can look at the business income or the personal income they pay themselves.
Adding the net business income or the personal income from year 1 and year 2 and dividing it by two is the income a lender will associate with that borrower. Keep in mind though this will also be affected if there is more than one shareholder.
There are two ways one can go about this type of corporate mortgage, depending on if the corporation is the operating company or acts as the holding company.

Mortgages and Operating Companies

As with any mortgage, there are considerations and more-so when looking to put your mortgage under your corporate umbrella. While you would essentially qualify as though you’re buying a property in your name, your application will be packaged much differently to the lender. You would be instead qualifying as a corporation with a personal guarantee from yourself.

It is also possible to do a mortgage deal under your personal name but utilize both personal and corporate income. Lenders can do this by looking at both personal T1 generals and respective NOA, plus you can qualify by looking at the Net Business Income before taxes as seen on company financials.

When it comes to getting a mortgage under an operating company (versus a holding company), you may encounter limitations with the lenders that provide this type of deal. You would be looking at an Alt A (B Lender) to finance this particular mortgage, which may come with higher interest rates.

Mortgages and Holding Companies

When it comes to getting a mortgage under a holding company, you will find things are a bit easier. Having a mortgage under a holding company, versus the operating company, essentially removes any limitations or liability from the operating company with regards to the mortgage.

However, to be eligible, you must meet the definition of a Personal Holding Company (PHC) or Personal Investment Company (PIC) per the bank. This is typically considered “a Canadian incorporated entity established by an individual or individuals for the purpose of conducting investment activities, which can include holding real estate, and/or investments. Personal Holding or Investment Companies, and the owner of the PHC or PIC must qualify personally, and sign as covenantor”.

Some additional reasons to consider a mortgage under a corporation or holding company include:

If your intent is to flip properties rather than hold them as rental revenue, it might make sense to consider holding it through a corporation
You have retained corporate profit that can be used to buy a property without withdrawing money personally and incurring personal tax.
The most important thing to note when going this route for a mortgage is that ALL DIRECTORS listed on the corporation MUST also be listed on the mortgage application. For a sole proprietorship, this is easy as there is typically only one director, however on larger corporations this is something to consider.

For some individuals, the benefits might not be enough to convince them to put their property under the corporation but for others, it may be the perfect solution.

To find out how your income would be viewed by a lender if you have your business set-up as a corporation, contact a Dominion Lending Centres mortgage expert.

How to provide a tax-free gift to your children with the CHIP Reverse Mortgage.

General Derek Cole 19 Feb

Published by Home Equity Bank

The current economic landscape can be challenging for young Canadians to navigate as they face great uncertainty with heightened interest rates and inflation. It can be frustrating as they are just starting to build their career, considering buying a home or starting a family. If you are a parent, you may be thinking about how you can help your child during this period. The CHIP Reverse Mortgage by HomeEquity Bank is a sound financial solution that can help you support your loved ones by providing a tax-free gift.

The Gift of Early Inheritance

As a parent, you may want to provide an early inheritance to see your adult children use the funds to improve their lives in a time of need. By giving an early inheritance, you can avoid probate fees (estate administration tax) and save money by bringing you to a lower tax bracket*. With an early inheritance, your children can pay for their wedding, start a business, pay off student loans, make a down payment on their home, and much more. Speak to your tax specialist for more details.

How the CHIP Reverse Mortgage Works

You may have heard of people using a home equity line of credit (HELOC) or liquidating their investments to gift an early inheritance. However, there are disadvantages associated with loss of earnings or tax payable when it is time to sell their investments. The CHIP Reverse Mortgage by HomeEquity Bank allows you to unlock up to 55% of the equity in your home without any of these challenges. With the CHIP Reverse Mortgage, your investments remain intact, and no monthly mortgage payments are required. Therefore, your income is not affected, and best of all, the money you get from the CHIP Reverse Mortgage is tax-free!

If you want to provide a tax-free gift to your children, contact your Dominion Lending Centres mortgage expert for details on how the CHIP Reverse Mortgage by HomeEquity Bank can help you.

*HomeEquity Bank requires all clients to receive independent legal advice to review the mortgage contract and ensure they fully understand the terms and conditions.

What to Know About Title Insurance

General Derek Cole 12 Feb

Published by the DLC Marketing team.

There are many insurance products when it comes to your home, but not all are created equal. One such insurance policy that potential homeowners may encounter is known as “title insurance”.

This particular insurance is designed to protect residential or commercial property owners and their lenders against losses relating to the property’s title or ownership. In fact, it is so important to lenders that every single lender in Canada requires you to purchase title insurance on their behalf. It is not a requirement to have coverage for yourself, but that doesn’t mean you should dismiss it outright.

While title insurance can protect you from existing liens on the property’s title, the most common benefit is protection against title fraud.

Title fraud typically involves someone using stolen personal information, or forged documents to transfer your home’s title to him or herself – without your knowledge. The fraudster then gets a mortgage on your home and disappears with the money. As the old adage goes: “It’s better to be safe than sorry” and the same goes for insurance.

Similar to default insurance, title insurance is charged as a one-time fee or a premium with the cost based on the value of your property. This insurance typically runs around $300 for the lender and $150 for the individual. It can be purchased through your lawyer or title insurance company, such as First Canadian Title (FCT).

If you are wanting to know more about title insurance, or confirm that you (and your home) are properly protected, don’t hesitate to reach out to a Dominion Lending Centres mortgage expert today for a mortgage review!

Recession Proofing Your Finances.

General Derek Cole 5 Feb

Published by DLC Marketing team

The latest news has been focused on rising interest rates, surging inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped into recession.

With all this information circulating, now is a good time to discuss ways to adapt your finances and protect your future. Fortunately, there are a few key things you can do to get started today!

Set a budget and reduce monthly expenses and overall debt by including the following:
Review your income and expenses and identify areas for reduction – such as getting a cheaper cell phone plan, reducing streaming service subscriptions, reviewing transport costs, etc.
Make a list of your current high-interest loans (such as credit card balances). If your mortgage is up for renewal, you may be able to benefit by consolidating debt into your mortgage to save on interest and free up cash flow with one payment. Refinancing your mortgage before the renewal is also an option, but a review of the penalty cost versus your debt consolidation goal should be considered. As your mortgage professional, I can assist you with this analysis.
Allot a percentage of your income towards savings such as an emergency fund. Your goal should be to have the equivalent of 3 to 6 months of earnings in this fund to provide breathing room should you lose your job or face any unexpected expenses. Another form of emergency funds could also be a line-of-credit. Once set-up, these generally have no cost to you unless you use it in the event of an emergency.
Having a healthy and realistic budget will give you peace of mind and allow you to properly allocate your monthly cash flow between debt, expenses, and savings.

Evaluate your investment portfolio:
While you will want to avoid making any knee-jerk reactions, it maybe a good time to diversify your portfolio to help reduce risk. Consider rerouting your investment to real estate or other areas to ensure you have various sources of income and always talk to an expert.
Find additional income sources!
Many people have found innovative ways to increase their income by asking the following three questions:
Are you a fit for a potential promotion?
Do you have a review coming up?
Do you have transferable skills that you can apply to consulting or additional contract work?
One final reminder – don’t panic. I know the word “recession” can be stressful but understanding what is happening and making appropriate adjustments will help you stay financially secure.

If you have any additional questions, don’t hesitate to reach out to a Dominion Lending Centres mortgage expert. We would be happy to chat with you anytime about the impact on your mortgage, or how to make changes for the long-term.

4 Key Things to Know about a Second Mortgage.

General Derek Cole 31 Jan

Published by DLC Marketing team.

A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and student loans) that a second mortgage might offer.

If you are considering a second mortgage for any reason, here are a few key points to keep in mind:

Second Mortgages and Home Equity: Your second mortgage and what you can qualify for hinges on the equity that you have built up in your home. Second mortgages allow you to access between 80 and 95 percent of your home equity, depending on your qualifications.

For example, if you seeking 95% Loan-to-Value loan (“LTV”):

House Value = $850,000
95% LTV (maximum mortgage amount) $807,500
less: First Mortgage ($550,000)
Amount Available Through Second Mortgage $257,500

Second Mortgages and Interest Rates: When it comes to a second mortgage, these are typically higher risk loans for lenders. As a result, most second mortgages will have a higher interest rate than a typical home loan. There is also the option of working with alternative and private lenders depending on your situation and financial standing.

Second Mortgage Payments: One advantage when it comes to a second mortgage is that they have attractive payment factors. For instance, you can opt for interest-only payments, or you can select to pay the interest plus the principal loan amount. Work with your mortgage broker to discuss options and what would work best for your situation.

Second Mortgage Additional Fees: A second mortgage often comes with additional fees that you should be aware of before going into the transaction. These fees can vary widely but often are a percentage of the mortgage. Other fees to consider include appraisal fees, legal fees to set up the second mortgage and any lender or broker administration fees (particularly with alternative or private lenders).

Second mortgages are a great option for many homeowners and, in some cases, may be a better solution than a refinance or a Home Equity Loan (HELOC). If you are interested in learning more or want to find out if a second mortgage is right for you, don’t hesitate to reach out to me today.

What to Know About Title Insurance.

General Derek Cole 23 Jan

Published by DLC Marketing team.

There are many insurance products when it comes to your home, but not all are created equal. One such insurance policy that potential homeowners may encounter is known as “title insurance”.

This particular insurance is designed to protect residential or commercial property owners and their lenders against losses relating to the property’s title or ownership. In fact, it is so important to lenders that every single lender in Canada requires you to purchase title insurance on their behalf. It is not a requirement to have coverage for yourself, but that doesn’t mean you should dismiss it outright.

While title insurance can protect you from existing liens on the property’s title, the most common benefit is protection against title fraud.

Title fraud typically involves someone using stolen personal information, or forged documents to transfer your home’s title to him or herself – without your knowledge. The fraudster then gets a mortgage on your home and disappears with the money. As the old adage goes: “It’s better to be safe than sorry” and the same goes for insurance.

Similar to default insurance, title insurance is charged as a one-time fee or a premium with the cost based on the value of your property. This insurance typically runs around $300 for the lender and $150 for the individual. It can be purchased through your lawyer or title insurance company, such as First Canadian Title (FCT).

If you are wanting to know more about title insurance, or confirm that you (and your home) are properly protected, don’t hesitate to reach out to a Dominion Lending Centres mortgage expert today for a mortgage review!

Post-Holiday Debt? Consolidate Today!.

General Derek Cole 15 Jan

Published by DLC Marketing Team.

The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year.

If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple points of debt from credit cards or are dealing with other loans (such as car loans, personal loans, etc.), you are likely looking for a way to simplify your payments – and reduce them. Rolling them into your mortgage could be the perfect solution.

Consolidating other forms of debt into your mortgage has multiple benefits. For starters, this process can help you to pay off your loans over a longer period of time with smaller payments per month, and often at a reduced interest rate when compared to a credit card.

By freeing yourself from these high interest rates and gouging interest payments, you will not only have more money each month but have a better chance of taking back your financial control and getting your loans completely paid off!

If you’re still not sure if this is the right solution for you, here is an example… if you have $30,000 of credit card debt, you are probably paying AT LEAST $600 per month and $500 per month of that is likely going directly to interest. If you let me help you to roll that debt into your home equity and monthly mortgage, your payment to this $30,000 portion would drop down around $175 per month, with interest charges closer to $140 per month. That is huge savings!

Not only does debt consolidation into your mortgage help with reducing interest charges and making your loan more manageable, but it is also much easier to keep track of and pay a single monthly installment versus managing a dozen different loans or bills.

While debt consolidation through refinancing will increase your mortgage since you have to add the debt into your existing mortgage amount, the benefits to lowering your overall payments and management can be well worth it when it comes to cost savings, time and stress. Keep in mind, you need at least 20 percent equity in your home to qualify for this adjustment.

If you are looking for a way to simplify (or get out of) debt, reach out to a Dominion Lending Centres mortgage expert! They would be happy to take a look at your financial portfolio and current mortgage and help you come up with the best option to suit your needs.

Top Eats Across Canada: Favourite Dishes per Province.

General Derek Cole 8 Jan

Published by DLC Marketing team.

Here in Canada, we are fortunate to be a melting pot with so many incredibly diverse cultures, languages, beliefs and (most importantly)… foods!

We have gone through and found the top dishes from each Province for you to try the next time you’re looking for something new and fun to make in the kitchen.

British Columbia – Nanaimo bars
Over the years, this delicious treat has gone by many names. In fact, the first recipe actually originated in the 1952 edition of the Women’s Auxiliary Nanaimo Hospital Cookbook where it was simply named “chocolate square”. A similar recipe was later published in a 1953 edition of the Edith Adams’ Cookbook with the name “Nanaimo Bar”. In fact, the recipe clipping still hangs in the Nanaimo museum!

A no-bake dessert bar, this mouth-watering treat consistent of three main layers: graham wafer crumb and shredded coconut for the bottom, a custard-flavoured butter icing in the middle, and a chocolate ganache on top.

Ingredients:

1/2 cup unsalted butter
1/4 cup granulated sugar
3 Tbsp Dutch-processed cocoa powder sifted
1 large egg lightly beaten
1 tsp vanilla
2 cups graham cracker crumbs
1 cup fine coconut unsweetened
1/4 cup unsalted butter room temperature
2 cups powdered sugar
2 Tbsp custard powder
3 Tbsp milk room temperature
8 oz good quality dark or semi-sweet chocolate chopped
2 Tbsp unsalted butter
Directions:

Grease a 9 x 9″ pan and line with parchment.
Place 1/2 cup butter, 1/4 cup sugar, and 3 Tbsp cocoa powder into a large, heatproof bowl over a pot with simmering water. Whisk until combined.
Slowly pour in egg while whisking vigorously. Add vanilla. Continue whisking over simmering water until mixture has thickened and resembles a pudding.
Remove mixture from heat and stir in graham cracker crumbs and coconut.
Spread mixture evenly into the bottom of your 9×9 pan. Press down firmly to pack in. Chill in fridge while making custard.
For the Custard:

Cream together butter and powdered sugar, add in custard powder and milk and beat until smooth.
Spread evenly over base layer and return to fridge. Chill for 30mins.
For the Chocolate:

Place chopped chocolate and butter in to a microwave safe bowl. Microwave for 30 seconds, stir. Continue microwaving in 10 second intervals, stirring in between, until chocolate has melted.
Spread evenly over custard layer. Chill in fridge until set (about 1 hour).
Cut with a hot serrated knife.

Alberta – grilled steak

Alberta produces 44% of Canada’s cows and subsequent beef so it is no surprise that a favourite dish for this province would be a grilled steak!

Ingredients:

4 1 1/4-to-1 1/2-inch-thick boneless rib-eye or New York strip steaks (about 12 ounces each) or filets mignons (8 to 10 ounces each), trimmed
2 tablespoons canola or extra-virgin olive oil
Kosher salt and freshly ground pepper (or your choice of steak spice)
Directions:

Remove the steaks from the refrigerator and allow to sit (covered) at room temperature for 20 minutes.
Heat your grill to high.
Brush the steaks on both sides with oil and season liberally with salt and pepper (or your choice of steak spice).
Place the steaks on the grill and cook until slightly charred – approx. 4 to 5 minutes.
Turn the steaks over and continue to grill 3 to 5 minutes for medium-rare, 5 to 7 minutes for medium or 8 to 10 minutes for medium-well steaks.
Transfer the steaks to a cutting board or platter, tent loosely with foil and let rest 5 minutes before slicing.

Saskatchewan – Saskatoon berry pie

Did you know? The berry is actually so important to Saskatchewan that they gave Saskatoon its name? The city of Saskatoon takes its name from the Cree word for berries! While you can find their berry jams and berry muffins delicious, nothing quite showcases the essence of summer like the Saskatoon berry pie.

Ingredients:

¾ cup white sugar
3 tablespoons all-purpose flour
4 cups fresh serviceberries
¼ cup water
2 tablespoons lemon juice
1 (14.1 ounce) package double-crust pie pastry, thawed
1 tablespoon unsalted butter, cut into pieces
Directions:

Preheat the oven to 425 degrees F (220 degrees C).
Combine sugar and flour in a bowl.
Simmer berries and water in a large saucepan for 10 minutes.
Stir in lemon juice and then stir in sugar mixture.
Press one pie pastry into the bottom of a 9-inch pie pan.
Pour berry mixture into the pan and dot with butter.
Place second pie pastry over top; seal and flute the edges.
Bake in the preheated oven for 15 minutes. Reduce the oven temperature to 350 degrees F (175 degrees C) and bake until crust is golden brown, 35 to 45 minutes more.

Manitoba – perogies

Did you know? One of the most emblematic foods from Manitoba are perogies! I mean, who doesn’t love a pierogi!? Make them even more Canadian with a touch of bacon and onions!

Ingredients:

1/4 cup butter
3 cups all-purpose flour
1 teaspoon salt
1 egg
3/4 cups water (approx)
12 oz russet potatoes peeled and chopped
1/4 teaspoon pepper
1 pinch salt
3 bacon strips
2 onions finely
Directions:

Melt 2 tbsp of the butter.
Whisk flour with salt in a bowl and add in egg, water and melted butter
Stir into flour mixture, adding up to 2 tbsp more water if necessary to make dough soft but not sticky.
Turn onto lightly floured surface; knead until smooth.
Divide dough into 2 balls; cover with plastic wrap or damp towel and let rest for 20 minutes.
Meanwhile, cook potatoes until tender in a large saucepan with boiling water and salt for approx. 15 minutes. Drain and return to pan; mash well. Stir in pepper and salt.
Cook bacon, turning occasionally, in a skillet over medium-high heat until crisp, about 5 minutes. Transfer to paper towel–lined plate and blot dry.
Chop bacon finely; add to potato mixture.
Drain all but 1 tbsp fat from skillet; cook onions over medium heat, stirring occasionally, until deep golden and very soft, about 12 minutes.
Stir into potato mixture.
Working with 1 ball of dough at a time and keeping remainder covered, roll out on lightly floured surface to about 1/8-inch (3 mm) thickness.
Using 3-inch (8 cm) round cutter, cut into rounds.
Place 1 tsp filling on each round.
Lightly moisten half of edge of round with water; fold over filling, gently stretching as needed to fit. Pinch edges to seal.
Place perogies on flour-dusted cloth; cover with tea towel.
Repeat with remaining dough and filling, rerolling scraps, to make 36 perogies. (Make-ahead: Freeze in single layer on baking sheet. Transfer to airtight container and freeze for up to 1 month. Increase boiling time to 5 to 7 minutes.)
In large pot of boiling salted water, cook perogies until floating and tender, about 4 minutes.
With slotted spoon, transfer to colander to drain.
In skillet, melt remaining butter over medium heat
Cook perogies, in batches and turning once, until golden, about 5 minutes.

Ontario – beaver tails

Home to many things, Ontario is a bustling place home to Canada’s capital, Ottawa. In fact, a great many things were invented in Ontario including Hawaiian pizza to butter tarts! But one of the more famous treats is the Beaver Tail, named right after our emblem of Canada!

Ingredients:

½ cup warm water
5 tsp active dry yeast
¼ tsp sugar
1 cup milk
⅓ cup sugar
1 tsp salt
1 tsp vanilla
2 eggs
⅓ cup vegetable oil
5 cups all purpose flour
oil for frying
½ cup sugar
1 tsp cinnamon for dusting
Directions:

Mix ½ cup sugar + 1 tsp cinnamon, for dusting and set aside in a large bowl.
Mix the yeast, warm water and ¼ teaspoon of sugar in a large bowl. Allow to stand a couple of minutes for yeast to swell and dissolve.
Add sugar, milk, vanilla, eggs, oil, salt, and more flour to the yeast mixture.
Knead for 5 to 8 minutes using a dough hook, adding flour as needed to form a firm smooth, elastic dough.
Place dough in a lightly greased bowl and cover.
Place in a warm spot and let rise for 1 hour.
Pinch off a golf ball sized piece of dough. Roll out onto a floured surface into an oval and let rest, covered with a tea towel, while you are preparing the remaining dough.
Heat the oil in a deep fryer to 375F (190C).
Add the dough pieces to the hot oil one at a time. Turn the beaver tail once to fry until both sides are deep brown.
Lift the beaver tails out with tongs and drain on paper towels.
While warm, toss the beaver tails in the sugar mixture, coating both sides and shake off the excess.

Quebec – poutine

Fries, cheese AND gravy!? Does it get any better?! Poutine is a Quebec original that has become a classic Canadian favourite! It first came about in the late 1950s. While there are many explanations for the name, did you know? The word “poutine” is slang for mess in Quebec? A delicious mess that is!

Ingredients:

3 Tbsp cornstarch
2 Tbsp water
6 Tbsp unsalted butter
1/4 cup unbleached all-purpose flour
20 oz beef broth
10 oz chicken broth
Pepper, to taste
2 lbs Russet potatoes, (3-4 medium potatoes)
Peanut or other frying oil
1 – 1 1/2 cups white cheddar cheese curds, (Or torn chunks of mozzarella cheese would be the closest substitution)
Directions:

Prepare the gravy: In a small bowl, dissolve the cornstarch in the water and set aside.
In a large saucepan, melt the butter. Add the flour and cook, stirring regularly, for about 5 minutes, until the mixture turns golden brown.
Add the beef and chicken broth and bring to a boil, stirring with a whisk. Stir in about HALF the cornstarch mixture and simmer for a minute or so. If you’d like your gravy thicker, add a more of the cornstarch mixture, in small increments, as needed, to thicken. Season with pepper. Taste and add additional salt, if necessary, to taste. Make ahead and re-warm or keep warm until your fries are ready.
For the Fries:

Prepare your potatoes and cut into 1/2-inch-thick sticks. Place into a large bowl and cover completely with cold water. Allow to stand at least one hour or several hours. When ready to cook, heat your oil in your deep fryer or large, wide, heavy cooking pot to 300° F.
Remove the potatoes from the water and place onto a sheet of paper towel. Blot to remove as much excess moisture as possible.
Add your fries to the 300°F oil and cook for 5-8 minutes, just until potatoes are starting to cook but are not yet browned. Remove potatoes from oil and scatter on a wire rack. Increase oil temperature to 375°F Once oil is heated to that temperature, return the potatoes to the fryer and cook until potatoes are golden brown. Remove to a paper towel-lined bowl.
To Prepare Poutine:

Add your fried or baked fries to a large, clean bowl. Season lightly with salt while still warm. Add a ladle of hot poutine gravy to the bowl and using tongs, toss the fries in the gravy. Add more gravy, as needed to mostly coat the fries.
Add the cheese curds and toss with the hot fries and gravy. Serve with freshly ground pepper. Serve immediately.

Newfoundland – toutons

Newfoundland feels very different from the rest of Canada, but their food is just as exquisite! A great way to ease yourself into Newfoundland cuisine is with one of their provincial favourites – toutons. For those who don’t know, a touton is essentially a cross between a pancake and a flatbread and can be served in a variety of ways with berry jam and butter or fried up in pork fat! You can even use them in place of an English muffin for your eggs benedict!

Ingredients:

4 Cups of white flower
1 Tbsp, fast rising or traditional yeast
1/2 Tsp sea salt
1 Tsp sugar
1 1/2 cups, or more, of warm water
1 tbsp, melted butter or margarine
Directions:

Combine 4 cups flour and 1/2 tsp sea salt in a large bowl and mix together
In another bowl, add 1 tbsp dry fast rising or traditional yeast with 1 1/2 cups warm water and 1 tsp sugar. Let rise for about 5 minutes.
In another bowl, melt butter or margarine.
In flour mixture make a hole in the middle to pour yeast and warm water and butter, mixing all ingredients together with a wooden spoon or kitchen aid until it thickens, then keep adding 1/2 cup of flour to work dough together.
Knead dough, add more flour (if necessary), until dough is smooth, no longer sticky and you can hear cracking of the dough when folding. Keep working dough into a ball.
Sprinkle some flour over the top of dough, then cover with a piece of parchment paper and a towel.
Let dough rise in a warm place until dough rises for 30 minutes.
Don’t deflate! Cut small or large pieces of dough about half the size as your hand and pull apart to make a flat dough.
Pre-heat your frying pan to medium heat and add 1 tbsp butter and 1 tbsp olive oil.
Place about 6 small pieces or 3 large pieces of flat dough in your pan and fry for 4 to 5 minutes on each side or until golden brown.

New Brunswick – oysters

Famous for its beautiful Atlantic coastline, New Brunswick has an incredible assortment of seafood. Atlantic oysters (also known as “Caraquets”) in particular are harvested in the province and are the perfect dish for first-time oyster goers due to their more subtle, briny flavour. For those who prefer to grill them, check out the recipe below!

Ingredients:

12 fresh oysters
1 stick unsalted butter, room temperature
1 clove garlic, finely grated or minced
1 tablespoon dry white wine
1 tablespoon diced chives
1 teaspoon kosher salt
1/2 tablespoon finely diced parsley
Directions:

Combine the unsalted butter, garlic, white wine, chives, salt and parsley in a small bowl and set aside.
Preheat the grill for direct grilling with lump charcoal at 500 degrees F.
Shuck the oysters if you did not buy pre-shucked
Layer a pan with slightly crumpled aluminum foil.
Place shucked oysters onto the pan and gently press down so they sit well.
Place one heaping teaspoon of the compound butter into each oyster. Reserve some to top the oysters after they come off the grill.
Place gently over direct heat and grill for 4 – 6 minutes. The butter will bubble and remove when you start to see the edges of the oyster flesh slightly brown.
Remove with high heat gloves or tongs. Be careful not to spill what’s left of the liquid when removing the oysters.
Top each oyster with a little of the remaining compound butter.
Serve warm on the half shell
nova scotia – lobster roll bites
Another seafood-centric province, Nova Scotia is particularly famous for its fresh Atlantic lobster! Did you know? Nova Scotia even has its own way of serving lobster rolls compared to New England-style! In Nova Scotia, we serve them cold with the bun buttered. YUM!

Ingredients:

1 pound (500 g) lobster meat
6 hot dog buns
3 oz soft butter
2 tbsp mayonnaise
1/4 cup diced celery
Salt and pepper
3 oz spinach
Directions:

Crack the cooked lobster and extract lobster meat.
Roughly chop lobster meat into bite-sized pieces
Finely dice celery stalks
Butter hot dog buns on both sides and grill them on a frying pan.
Toast the outside of the hot dog buns until golden brown
Mix the lobster meat, mayonnaise and celery into a bowl and add salt and pepper to taste
Open the grilled bun and place 1/2 oz spinach per bun.
Spoon the lobster mixture onto the center of the hot dog bun. Squeeze lemon juice on if preferred.

Prince Edward Island – potato and leek soup

Did you know? Prince Edward Island grows more potatoes than anywhere else in Canada?! In fact, they represent more than 1/5th of the country’s total acres of potato farms! So, naturally, our provincial favourite includes potatoes. While we’ve chosen just one to focus on, you can find even more on the PEI potato website, here (who knew!?).

Ingredients:

3 large potatoes
2 tbsp (30 ml) olive oil or butter
2 cups (500 ml) leeks, washed & chopped
2 garlic cloves, chopped
1 medium onion, chopped
1 tbsp (15 ml) summer savoury (herb) dried
1/4 cup (50 ml) all-purpose flower
5 cups (1250 ml) chicken or vegetable stock
1/2 tbsp (8 ml) fresh thyme, removed from stems
1 cup (250 ml) milk
Salt and pepper to taste
Directions:

Heat a large pot over medium-high heat; add oil, leeks, garlic, onion and summer savory.
Reduce heat and cook stirring occasionally until vegetables are softened; approximately 7-8 minutes.
Add flour; stir to coat, do not brown.
Add stock stirring constantly; add potatoes and thyme and bring to a boil.
Cover and reduce heat; simmer 15 minutes stirring occasionally.
Puree in a food processor or blender in small batches.
Return to pot, add milk and season with salt & pepper
Heat thoroughly and serve .

Northwest Territories – bannack

The Northwest Territories are most well-known for its variety of traditional First Nations foods such as bison (or other game), fish and wild fruits. One of the more versatile dishes is Bannock, which is a traditional First Nations food that can even be cooked over a campfire!

Ingredients:

3 cups all-purpose flour
2 tablespoons baking powder
1 teaspoon salt
1 ½ cups water
¼ cup butter, melted
Directions:

Stir flour, baking powder, and salt in a large bowl.
Pour water and melted butter over flour mixture.
Stir with a fork to make a ball.
Turn dough out onto a lightly floured surface; knead gently about 10 times.
Pat into a flat circle, 3/4- to 1-inch thick.
Warm a greased frying pan over medium heat.
Place dough in the hot pan and cook until browned, about 15 minutes per side. Use two lifters for easy turning.