Housing sales across Canada are set to reach new highs

General Angela Calla 4 Dec

By Garry Marr, Financial Post November housing sales across the country are set to reach new highs based on fresh data from the country’s two most expensive markets. The national numbers from the Ottawa-based Canadian Real Estate Association are not due out until mid-December but the Toronto Real Estate Board said yesterday it had its […]

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Angela Calla’s December 2009 Newsletter

General Angela Calla 2 Dec

      December 2009   Angela CallaDominion Lending CentresPhone: (604) 802-3983Cell: Fax: E-mailWebsite   DID YOU KNOW… While most Canadians spend a lot of time, and expend a lot of effort, in shopping for an initial mortgage, the same is generally not the case when looking at mortgage term renewals. Omitting proper consideration at […]

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Are you prepared for when interest rates rise?

General Angela Calla 1 Dec

Mortgage brokers should prepare borrowers for higher interest rates: experts By Kristine Owram (CP) – Nov 23, 2009 TORONTO — Interest rates aren’t going up any time soon, but when they do the rise will be rapid enough to potentially prove devastating for homeowners who aren’t prepared, mortgage industry experts say. Because of this, mortgage […]

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B.C. home affordability takes a hit as prices rise in tightened, hot market…don’t wait till spring!

General Angela Calla 30 Nov

It’s getting harder to buy a home in B.C. as an increasingly hot real estate market pushes prices higher, according to an RBC report on housing affordability released Wednesday. “We’re talking about a very expensive market in Vancouver,” RBC senior economist Robert Hogue said in an interview. “Mortgage payments there take a much bigger chunk […]

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The low of the low for fixed rates is now

General Angela Calla 25 Nov

Bond Yields Approaching Key Lows People shopping for a fixed-rate mortgage can do the happy dance.  Government bond yields keep plunging, and that’s pulling down fixed mortgage rates. The 5-year yield (a barometer of 5-year fixed mortgage pricing) has broken through key 4-month support levels.  The 2-year yield has given up almost all of its […]

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BC housing affordability..will creep up again in spring, the time to buy is now

General Angela Calla 25 Nov

B.C. housing affordability deteriorates as Vancouver market surges forward: RBC Economics TORONTO, Nov. 25 /CNW/ – B.C. posted the biggest increases in homeownership costs in the country in the third quarter and costs will likely remain well above long-term averages, according to the latest housing report released today by RBC Economics. “While all provinces and […]

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How many Credit Cards should you have?

General Angela Calla 25 Nov

How many credit cards should you have? When banks introduced Canada’s first credit card, Chargex, in 1968, it was designed as a convenient tool for their most valued customers. Today’s creditors have a more egalitarian approach — it seems that if you have a pulse, you can have a credit card. But why stop at […]

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Canadian Housing Observer coles notes

General Angela Calla 17 Nov

*CMHC released its 2009 Canadian Housing Observer yesterday.   *Most of its findings are dated back to year-end 2008, but it contains some interesting tidbits nonetheless.   *One key takeaway is the massive importance of Canada’s real estate industry. It’s a point that can’t be overemphasized, with housing-related spending accounting for one fifth of our economy.   […]

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Mortgage Bytes

General Angela Calla 17 Nov

Mortgage Bytes *New home prices rose more than expected in September as Canada’s real estate market showed further signs of recovery.    *Statistics Canada said last Thursday its price index rose 0.5% during the month – the biggest monthly increase since January 2008 – following a 0.1% gain in August. Economists had forecast an increase […]

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