1.  This is now the lowest prime rate we have seen since 2009.   There have been 2 prime rate reductions already this year. 2. The banks don’t always respond and reduce their Bank Prime Rate.  They pocket the difference as a profit when they are borrowing money, so it’s common after a rate reduction for […]

  Having trouble viewing this email? Click here   Good Morning, Prime was reduced this morning from the current .75% to .5%. Bank Prime is different than The Bank of Canada Prime Rate. Here is the press release from this morning. http://www.bankofcanada.ca/2015/07/fad-press-release-2015-07-15/ Like earlier this year the Banks will not likely follow this adjustment in its entirety. One large […]

  In Canada we have an extremely low foreclosure rate compared with other parts of the world. By most estimates we currently hover at around 0.30%. The US is closer to 1.2%, and Greece is hitting as high as 33%. Credit our tightly regulated lending environment for that rate not rising past 0.40%, even during […]

One headline suggests interest rates are bound to rise soon, the next suggests they may drop to new lows, and a third suggests no changes anytime soon. This has been the case since rates dropped to 50-year record lows in 2009. Many were adamant that rates could go no lower at that point, and yet […]

Angela- Thank you and your team for ALL your help. Here we are a year in our 1st home, and we are SO grateful our friend Pamela suggested your help. If we had listened to our “bank” we would have been financially doomed and missed out huge- here is how: 1. Houses in our area […]

Four in ten homeowners made an extra payment on their mortgage in the past year, Manulife Bank of Canada Debt Survey Shows subtantial savings. Read the Full article and share HERE Questions on determining the best mortgage for you and your future? The Angela Calla Mortgage Team is here to help call us at 604-802-3983 […]

Angela Calla was featured on the Globe & Mail article entitled: “Low rates, high flexibility ” issued on April 23rd, 2015 “An impending mortgage renewal is also a good time to explore the range of options offered by various providers, says Angela Calla, a licensed mortgage professional at Dominion Lending Centres, which helps homeowners find […]

Insightful video from BNN; First-time homebuyers purchased 45% of the 620,000 homes sold in the past 27 months, according to a new study by Canadian Association of Accredited Mortgage Professionals (CAAMP). View the full video HERE The best mortgage plan is one that is developed by assessing your goals and life stage. The Angela Calla Mortgage Team will help […]

Ten obstacles to getting the best mortgage rate – and as you all know –  Dominion Lending Centres can help you clear them all! In your opinion, which is the BIGGEST obstacle of them all? Read the full article from the Globe and Mail HERE Questions on determining the best mortgage for you and your future? […]

Canadians are recognizing that today’s historically low rates won’t last forever and some are looking for ways to bring predictability to their finances over the long term. Read the full article from mortgages broker’s news HERE Questions on determining the best mortgage for you and your future? The Angela Calla Mortgage Team is here to help […]