The Bank of Canada has increased its overnight rate by 0.25 percentage points to 2.50%. Most major lenders are expected to increase their prime lending rate to 4.70%. We understand this isn’t welcome news for households already managing higher costs. The important thing to know is that not every mortgage is affected the same way. […]

Some nights you just know you’ll remember forever. On October 9, I had the incredible honour of stepping onto the field at BC Place to sing O Canada for the BC Lions — a dream I’d carried with me for years. But the best part wasn’t just standing on that field. It was looking up […]

WATCH THE FULL CLIP HERE The Bank of Canada held interest rates steady — so what does that actually mean for Canadian homeowners, homebuyers and those approaching a mortgage renewal? Mortgage Broker and The Mortgage Code author Angela Calla joins Global News Morning to discuss the latest Bank of Canada decision, the outlook for fixed and variable […]

A recent B.C. Supreme Court decision involving the Lumina Eclipse development in Burnaby has created an important conversation about pre-sale real estate — and one that buyers, investors and industry professionals should understand. The court ruled that 39 pre-sale agreements representing approximately $30.5 million in purchases were unenforceable against the purchasers, after finding the developer failed […]

After more than 20 years in the mortgage industry, one thing has become increasingly clear: helping clients build wealth requires more than simply arranging a mortgage. As mortgage professionals, we are often one of the first calls people make when they are making major financial decisions. Whether they are purchasing a home, renewing a mortgage, […]

  Canada’s Economy Edges Into A Technical Recession For the First Time Since 2020 Statistics Canada reported this morning that the Canadian economy contracted slightly, by 0.1%, at a seasonally adjusted annual rate in the first quarter (Q1) of 2026. That follows a 1% contraction in the fourth quarter, a downward revision from the previously reported […]

As someone who has spent more than two decades helping Canadians build wealth through homeownership, I pay close attention to decisions that impact property rights, housing, lending, and consumer confidence. Today’s Supreme Court of Canada decision provides important clarity regarding Aboriginal title and privately owned land. The Court has upheld a lower court ruling that […]

Weak Jobs Report in April drives Unemployment Rate Up to 6.9%   Employment in Canada edged down by 17,700 in April, following a 14,000 gain in the prior month, missing the consensus forecast for a 15,000 increase. On a year-over-year basis, employment in April was up by 67,000 (+0.3%), but recorded a net decline of 112,000 (-0.5%) over the […]

Bank of Canada Holds Policy Rate Steady Today, the Bank of Canada once again held the policy rate steady at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With inflation hovering at 2.4% and core inflation falling to 2.0%, the Governing […]

The Bank of Canada announces its next rate decision tomorrow, and most economists currently expect rates to hold steady. However, what matters most is not just the headline—it’s how today’s market conditions affect your mortgage, buying power, and long-term financial plan.  Here is the link to see tomorrow’s announcement Bank of Canada or follow our social media […]