For the 25th consecutive month, the Bank of Canada has left interest rates unchanged. This means there will be no change to your variable-rate mortgage or line of credit payments. Following are links to today’s announcement as well as an article if you’d like further details: Bank of Canada Announcement: www.bankofcanada.ca/2012/10/press-releases/fad-press-release-2012-10-23/ Globe and Mail Article: […]

Since an increasing number of lenders seem to be moving towards collateral charge mortgages these days, it has never been more important to understand the differences between a collateral and standard charge mortgage. The primary difference is that a collateral charge mortgage registers the mortgage for up to 150% more than either the mortgage amount […]

Woman are powerful, they can create life and run billion dollar corporations. They deserve the best! Although there is no Canadian data available, a recent study looking into the US and the UK shows that woman pay more for mortgages than men. Regardless of gender, in order to ensure you don’t pay more, it’s essential […]

When most Canadians think mortgage, they think about a five-year rate. When we question why they wish to opt for a five-year rate, generally borrowers note that it’s what they heard was best. In some cases this is absolutely true, but there can be some HUGE costs that may hit them later if they haven’t […]

Once of the best things in life is the ability to create and add life to your family, which will become your future. It can feel financially daunting and overwhelming (like moms needs anything else to add to post partum) with the reduction of income and all the new financial pressure of your family’s growing […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday October 20th 2012. To get pre approved for this property or any other purchase email us at callateam@dominionlending.ca or call 604-802-3983 This weeks deal of the week has been brought to you by: Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: willingtwoE-mail: robboies@royallepage.cawww.willingsellerwillingbuyer.com http://rboies.mlslink.mlxchange.com/?r=1144013794&id=363434333136.312 […]

Courtesy of Financial Post September 19th 2012 “What we see now is probably, at worst, a soft landing,” Rick Waugh told reporters after an address to business leaders in Toronto. Senior executives at the country’s third-biggest bank by assets have looked at ongoing evidence of a slowdown in some cities and they’re not surprised by […]

As heard on this weeks Mortgage Show on CKNW with Angela Calla Saturday September 8th 2012. To get pre approved for this property or any other purchase email us at callateam@dominionlending.ca or call 604-802-3983 This weeks deal of the week has been brought to you by: Robert BoiesRoyal LePage Coronation Westcell: 604 341 3009 t: willingtwoE-mail: robboies@royallepage.cawww.willingsellerwillingbuyer.com […]

Sept 5th 2012  Good Morning, For the 16th time the BOC has made no change to it’s prime rate. This means there will be no change to your line of credit or variable mortgage rate or payment if you have one. Full press release here: http://www.bankofcanada.ca/2012/09/press-releases/fad-press-release-2012-09-05/ That doesn’t mean we aren’t seeing changes elsewhere.  As I […]

Banks to End Cashback Down Payments Cashback down payment mortgages are on the endangered list. One of the biggest remaining lenders with a cashback down payment mortgage is Scotiabank, which announced today that it is terminating its “Free Down Payment” program, effective September 15. A source at the bank confirms that it is scrapping the […]