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 mortgage rates, and what borrowers should be considering before making their next move.
In this interview:
• What the Bank of Canada rate hold means for borrowers
• The outlook for variable mortgage rates
• Why fixed mortgage rates can move independently of the Bank of Canada
• What homeowners approaching renewal should consider
• Why your mortgage should be reviewed as part of your overall financial strategy
The most important takeaway?
Don’t make a mortgage decision based on a headline alone.
Your mortgage structure, cash flow, debt, future plans and overall financial goals should all be considered when determining the right strategy.
If you’re approaching a renewal, purchasing a home, considering refinancing or simply wondering whether your current mortgage is still the right fit for your financial plan, our team is happy to review your options.
Angela Calla is a mortgage renewal and debt elimination expert with over 20 years of industry experience. She is also a multi-award-winning mortgage professional. Since beginning as a mortgage broker in 2004, Angela has helped thousands of Canadians optimize their mortgage strategies, eliminate debt, and build wealth through real estate.
She is the best-selling author of The Mortgage Code, which equips readers with the tools to make informed financial decisions. Additionally, she is the host of Canada’s longest-running finance radio show on CKNW, where she simplifies mortgage advice and empowers listeners to take control of their financial futures.
Angela has been recognized as Business Leader of the Year (2020) by the Tri-Cities Chamber of Commerce and Entrepreneur of the Year (2019) by the City of Port Coquitlam. She is also a sought-after speaker and educator, delivering accredited training for real estate boards across Greater Vancouver.
Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.
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