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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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  

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”, […]

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.

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 […]