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 […]

   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 […]