Some major Canadian banks are cutting credit card interest for clients that are facing financial hardship because of COVID-19. Vancity, a local credit union, announced on April 8 that it would defer minimum payments and drop interest rates entirely – to 0% – for their cardholders who are facing financial difficulty because of the pandemic. […]

During these times I wanted to offer you a worksheet (in a Printable PDF or Editable Spreadsheet) while people are going through the budgeting process and evaluating their financials as a tool to help empower you. Before you look at this sheet here are some basics and links I wanted to bring to your attention to […]

Looking for some Mortgage Clarity during these challenging times? Join us for Angela Calla’s Webinar with the Tri-Cities Chamber of Commerce. Register here   Angela Calla is a 16 year award-winning woman of influence mortgage expert. Alongside her team, passionately assisting mortgage holders get the best mortgage, and educating them on The Mortgage Show on […]

Here is a summary of Canada’s emergency benefits.  Today is the day you are able to begin applying.   Although they are asking us to stagger the applications based on your month of birth. 𝗥𝗘𝗦𝗢𝗨𝗥𝗖𝗘𝗦 𝗢𝗙 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵 𝗛𝗼𝘄 𝗧𝗼 𝗔𝗽𝗽𝗹𝘆 𝗙𝗼𝗿 𝗘𝗜 & 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 EMPLOYMENT INSURANCE EMERGENCY SUPPORT BENEFIT EMERGENCY INSURANCE SICKNESS BENEFIT EMERGENCY […]

A B.C. emergency-response rental package that could balloon above $1 billion over the next 90 days will leave landlords exposed to huge losses, according to agents and LandlordBC. Tenant advocates are openly wondering if it even makes sense to pay rent. In a response to the COVID-19 crisis, the March 25 announcement by the provincial government […]

We hope you are staying healthy and safe during these changing times.  This morning the Bank of Canada reduced it’s prime rate by .50 basis points. Here is the full report and the need-to-know facts:  Bank of Canada Next week we will learn what will be passed along to consumers – banks are all working together […]

Since the banks announced that homeowners struggling in the COVID-19 pandemic could defer mortgage payments for up to six months, more than a million Canadians are reported to have tried to take up the offer. But with phone lines jammed, and websites unable to process applications that are assessed on a case-by-case basis, many homeowners looking […]

I hope everyone is staying safe and keeping peace of mind.  During this time, I am receiving a lot of requests for clarification on how lenders are  we dealing with applications where clients income has unfortunately been interrupted. While most lenders will likely follow this for insured files its important you confirm directly with your […]