Prime holds steady

General Angela Calla 25 Oct

  As expected there is no change to prime rate this morning. This means no change to those whom carry an adjustable/variable rate mortgage or line of credit. The full report can be viewed here http://www.bankofcanada.ca/2011/10/press-releases/fad-press-release-2011-10-25/ Reported last week at www.angelacalla.ca/blog , if you or someone you care about is getting a new mortgage in the […]

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Fixed Mortgage Rate Time by Angela Calla

General Angela Calla 17 Oct

October 17th 2011- for immediate release Has the pendulum ever swung over the last year in terms of fixed or variable-rate mortgages! Reports show us that 88% of the time you will get ahead with a variable rate. And besides the always predictable pay out penalty with the variable rate mortgage that people enjoy compared […]

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Housing Market continues to be strong

General Angela Calla 12 Oct

The Canadian housing market continues to defy the odds in the face of a world economic slowdown, as new statistics from CMHC show new home construction soaring again. The latest numbers put September starts at 205,900 on an annualized basis, a pace in line with the best period of this housing boom when starts checked […]

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Tax savings on your mortgage, thank you Fraser Smith

General Angela Calla 12 Oct

While the creator of the eponymous Smith Manoeuvre, Fraser Smith, is sadly no longer with us, the tax-savings movement he spawned is very much alive and well in Canada. Born in 1938, Smith died of cancer on September 25th at age 73. His “manoeuvre” was and is a way for Canadians to achieve what American […]

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Before you buy a home

General Angela Calla 4 Oct

DID YOU KNOW… Preparing for a mortgage will increase your chances for approval. Don’t buy or lease big-ticket items or increase debt for 6-12 months prior. Purchasing things such a new car, furniture or major appliances worsens debt-to-income ratios, which can make you ineligible for the best available loan terms. Contact the Angela Calla Mortgage […]

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Quick tips for boosting your credit

General Angela Calla 4 Oct

Planning ahead to ensure your credit is healthy before applying for a mortgage can translate into a better mortgage rate and product – which can save you significant money throughout the term of your mortgage. Following are five steps you can use to help attain a speedy credit score boost: 1) Pay down credit cards. […]

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Is Bank of Canada too fixated on core inflation?

General Angela Calla 30 Sep

OTTAWA— Globe and Mail Blog Posted on Friday, September 30, 2011 6:29AM EDT With policy makers around the world scrambling to prevent another global recession, worrying about inflation is a bit like fighting the last war. Many top central banks, particularly the U.S. Federal Reserve and the Bank of England, are putting inflation-fighting efforts on […]

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Real estate or Stock Market

General Angela Calla 22 Sep

Canadian real estate continues to deliver better returns than the stock market. Click here for a video from the Globe and Mail. For mortgage staratagies that will add to your equity and minimize your living expenses contact the Angela Calla Mortgage Team at acalla@dominionlending.ca or call 604-802-3983 www.angelacalla.ca  

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A BOC rate reduction in the works and tax credits??

General Angela Calla 22 Sep

Bank of Canada Governor Mark Carney expects the Canadian economy to grow through the rest of this year and signaled Tuesday he stands ready to use a variety of tools and policy options to ensure stability.  In a speech to the Saint John Board of Trade, Carney also said the European debt crisis is “fixable”, […]

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Keeping on track with savings

General Angela Calla 8 Sep

Sometimes it’s hard to keep track of all the things we’re “supposed” to do with our money.   If you’re feeling overwhelmed, it can help to start by focusing on a smaller list of things that you shouldn’t do.   Click here for a list of money mistakes to avoid from MoneySmartLife.com.

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