Report on the Canadian Economy growth and strength for 2011

General Angela Calla 28 Feb

OTTAWA – Canada’s economy was surprisingly hot at the end of last year, setting the stage for another fast start in 2011 that bodes well for jobs and other economic indicators.   The economy grew a better than expected 3.3 per cent in the last quarter of 2010, a full point stronger than the Bank […]

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BENEFITS OF TAKING A VARIABLE & HOLDING THE PAYMENT:

General Angela Calla 21 Feb

 As you’ve likely heard in the news lately, Canadian household debt is at an all time high with an average 150% debt to income ratio.  As a  Mortgage Expert, I can offer solutions.  When you think you may want a fixed rate, look at our variable protection strategy. It gives  the benefits of taking a […]

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Why do interest rates rise so quickly but fall slowley?

General Angela Calla 18 Feb

Why do mortgage rates rise fast, fall slowly? John Greenwood   Financial Post Why do mortgage rates rise quickly but fall like molasses? That’s the question posed by an article in the latest issue of the Bank of Canada Review, and it’s a good one. The report, by Jason Allen of the central bank’s financial stability department, […]

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More Jobs = Higher Interest Rates

General Angela Calla 16 Feb

Here we go, again. The economy is generating more jobs, a handful of banks raise mortgage rates and all of a sudden you’re being advised to lock in your mortgage before the bank doors slam shut. In fact, some say you’d better hurry up and buy a house now before mortgage rates go so high […]

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Why do most people select a 5 year term?

General Angela Calla 14 Feb

Think Outside the Bun  Rob McLister, CMT  That is Taco Bell’s slogan.  It’s meant to remind us that fast food doesn’t end with hamburgers. Tacos are pretty tasty in their own right. In the lending world, the closest equivalent to “the bun” is the 5-year fixed mortgage. Like hamburgers are to fast food, the 5-year […]

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Record low rates days are numbered

General Angela Calla 11 Feb

Housing market will be stable next two years: RBC A stronger economy will offset the effects of higher mortgage rates andkeep Canadian house prices stable over the next two years, according tothe Royal Bank of Canada.In a market update that has the bank forecasting price gains of 0.5 percent in 2011 and 1.3 per cent […]

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Lifestyle and expenses determine how much money is needed in retirement

General Angela Calla 10 Feb

By LuAnn LaSalle, The Canadian Press MONTREAL – Your current lifestyle may impact your retirement more than you think. Can it be sustained? How much money will it take to maintain the standards you’re used to? What will it take in RRSPs, investments, savings and private and government pensions once retired? “Understand how much it […]

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Canada’s housing market could prove more resilient in 2011 than predicted

General Angela Calla 10 Feb

By Sunny Freeman, The Canadian Press TORONTO – Canadian home sales this year will be better than previously thought, helped by improving consumer confidence that will partially offset the anticipated deterrent of interest rate hikes, the Canadian Real Estate Association predicts. CREA released a revised forecast Tuesday that estimates there will be 439,900 existing homes […]

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