General Angela Calla 1 Sep
Rate Hikes Are Definitely Off The Table The Canadian economy weakened surprisingly more in the second quarter than the market and the Bank of Canada expected. Real GDP edged downward by a 0.2% annual rate in Q2. The consensus was looking for a 1.2% rise. The modest decline followed a downwardly revised 2.6% growth pace […]
Read MoreGeneral Angela Calla 30 Aug
BENGALURU, Aug 30 (Reuters) – The Bank of Canada is expected to hold its key interest rate steady at 5.00% on Sept. 6 and stay at that level through at least the end of March 2024, according to a majority of economists in a Reuters poll, with a small but growing minority expecting one more […]
Read MoreGeneral Angela Calla 30 Aug
Rising house prices and interest rates make it more challenging for young Canadians to start families, own homes, or save. Parents often step in to help, with 35% of first-time buyers receiving financial assistance in a lump sum payment toward their purchase, while 25% of buyers received support on their monthly mortgage payments. HomeEquity Bank offers CHIP Reverse Mortgage […]
Read MoreGeneral Angela Calla 30 Aug
Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In […]
Read MoreGeneral Angela Calla 24 Aug
Canada has been affected by ongoing, devastating wildfires since early this year, making for the worst wildfire season in our country’s history. In times of such turmoil and uncertainty, we know how important it is to keep your clients up to date with timely and relevant information. With their homes and their possessions at risk, […]
Read MoreGeneral Angela Calla 21 Aug
As the devastating wildfires in British Columbia continue to pose a significant threat, we understand the importance of providing timely and accurate information to you and your clients. At First National, we are committed to supporting you during these challenging times and want to ensure that you and your clients are equipped with the necessary […]
Read MoreGeneral Angela Calla 15 Aug
July Headline Inflation Rose to 3.3%, But Core Inflation Improved The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely expected due to a base-year effect on gasoline prices, as a sizeable monthly decline in July 2022 (-9.2%) no longer impacts the 12-month movement. Excluding […]
Read MoreGeneral Angela Calla 9 Aug
The Long-Awaited Labour Market Slowdown The Canadian economy shed 6,400 jobs in July, far weaker than the 25,000 gain that was expected. The jobless rate was 5.5%, the third consecutive monthly rise. This likely improves the chances the Bank of Canada will remain on the sidelines in September. Wage inflation, however, re-accelerated, moving back to […]
Read MoreGeneral Angela Calla 9 Aug
This month we are covering what you need to know about converting your basement into an income suite, plus we have some fun summer BBQ tips! Also, hear the economic forecast straight from our Chief Economist, Dr. Sherry Cooper! Converting Your Basement to an Income Suite With the current interest rates and economic scenarios, many […]
Read MoreGeneral Angela Calla 3 Aug
OTTAWA ─ June 28, 2022 ─ Office of the Superintendent of Financial Institutions The Office of the Superintendent of Financial Institutions (OSFI) released a new Advisory (Clarification on the Treatment of Innovative Real Estate Secured Lending Products under Guideline B-20). The Advisory complements existing expectations under Guideline B-20, which articulates OSFI’s expectations regarding underwriting practices and procedures […]
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