Welcome to the November issue of my monthly newsletter! Welcome to November – less commonly known as the anniversary of Pharoh Phever. Let me explain. King Tut’s tomb was discovered on November 4, 1922, by British archaeologist Howard Carter. After years of searching, his team found a step in the bedrock, that led to a […]

Federal Budget Revamp, FY 2025-2026 Today, Finance Minister François-Philippe Champagne presented his first budget. Mark Carney was elected Prime Minister with a mandate to transform Canada’s economy and reduce its dependence on trade with the United States. The Carney government’s inaugural budget emphasizes structural changes to strengthen the domestic economy and boost non-U.S. exports, and […]

Bank of Canada Lowers Policy Rate to 2.25% Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.25% as was widely expected. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. The economy will grow at about a […]

Here’s a true story that shows why it matters who you trust with your mortgage. A young couple recently had their mortgage declined by their bank — even though they were fully qualified. Why? The branch adviser misread their income, and once the file was declined, there was no second chance. They lost out on […]

Welcome to the October issue of my monthly newsletter! PSL (or pumpkin spice latte for the unfamiliar) season is in full swing and love it or hate it, a 20-million-latte-strong annual sales figure (for Starbucks alone!) is a cultural phenomenon. It’s undeniably the flavour of fall in North America, supporting a billion-dollar plus industry and […]

Welcome to the September issue of my monthly newsletter! September is a polarizing month – back to school and the end of summer but also the beginning of fall and pumpkin spice everything season. And honestly, this month’s newsletter articles are polarizing too. When looking at the fall housing market, experts are polarized in their […]

This morning, the Bank of Canada announced a 0.25% rate cut bringing the prime rate with most banks down to 4.70% (from 4.95%). The full press release is HERE. What this means: for every $100,000 of mortgage balance, interest may drop by about $13/month. While this change impacts variable and adjustable-rate mortgages, and home equity lines of credit it’s important to note that it is not directly tied to […]

Bank of Canada Holds Rates Steady As Tariff Turmoil Continues As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the third consecutive rate hold since the Bank cut overnight rates seven times in the past year. The Governing Council noted that the unpredictability of the magnitude and […]

The Bank of Canada has just made its latest announcement HERE —and while there was no rate cut this round, many experts anticipate future reductions later this year. Upcoming rate decision dates to keep an eye on:  September 17, October 29, December 10, 2025. In the meantime, we’re in a true buyer’s market. With more inventory, motivated […]

Are you a homeowner in BC worried about payment shock at renewal? You are not alone and it’s important to look at the whole financial picture. Click on the image below to watch Angela Calla break down for Global News the key strategies to manage your mortgage. 1. Adjust amortization – extending your amortization out to the maximum […]