Interest saving meal plan, chew on this….

General Angela Calla 8 Sep

An interest-saving meal plan.  Some 47% of Canadians say eating out less would help them save more. Sounds logical, since frequent diners can drop $100+ a pop at a decent restaurant. But what if that same $100 was redeployed, once a month, as a mortgage prepayment? The result is appetizing in its own right. A […]

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BOC holds steady

General Angela Calla 7 Sep

   Good Morning, As antisipated the lending rate has held steady, meaning no change to your variable rate mortgage or line of credit payment. The full report can be read on this link http://www.bankofcanada.ca/2011/09/press-releases/fad-press-release-2011-09-07/ Tara and Allan of Port Moody this week contacted us for a mortgage review after being introduced to us from their parents and […]

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Understanding todays mortgage market August 2011

General Angela Calla 23 Aug

What do falling rates mean for borrowers? This clearly falls into the 88% of the time where borrowers get significantly ahead by having a variable-rate mortgage. With the mess in the US expected to take several years to get sorted out, we’re in an unprecedented time where we can safely assume rates will remain low. […]

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BOC has wiggle room to keep rates low till spring

General Angela Calla 22 Aug

Consumer price index eases to 2.7 per cent for July, Statistics Canada says  the first time that inflation has been below a pace of three per cent since February which will give BoC some wiggle room to keep rates low. OTTAWA – The pace of inflation eased in July as increases in the price of […]

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Got a secure job and lots of debt? Rejoice

General Angela Calla 17 Aug

The debt problems in the US and Europe have taken the pressure off Canadians with mega-mortgages and credit lines that are over the line. Remember how Bank of Canada Governor Mark Carney and Finance Minister Jim Flaherty were warning not too long ago that high personal debt levels could become unmanageable when interest rates moved […]

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2011 is not 2008-here is why

General Angela Calla 17 Aug

While there are similarities, 2011 is not 2008. And it’s unlikely that we’re in for the same sort of market collapse we saw three years ago. First of all, the fuel of the 2008 meltdown was an overleveraged US economy, and the match that started the fire was the collapse of the investment bank Lehman […]

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Buyers will be the winners in Economic turmoil

General Angela Calla 17 Aug

Canada’s real estate market is now expected to grow this year rather than decline, as buyers take advantage of continued low interest rates that are intended to offset recent economic turmoil, economists said Tuesday.  The comments came after the Canadian Real Estate Association revised its 2011 national forecast for home resales, citing stronger than expected […]

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