Improving your credit score in Canada is definitely achievable. Remember the rule of 3. 3 credit lines, for 3 years, 30 percent below balance. Share this will someone who is about to turn 19, new to the country, or has had a bump in the road with divorce, job or health challenges. Here are some […]

Weakening Housing Markets Pose A Risk For The Canadian Economy On April 18, Canada’s national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing […]

Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne, however, much of the drop in inflation resulted from the steep monthly increase in prices in March one year ago (1.4% m/m), the so-called base-year […]

Good News On The Canadian Housing Front The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada paused rate hikes. Bond market yields, though very volatile, have trended downward in March, although they […]

Do you or a loved one currently have a variable-rate mortgage? If so, you could have the opportunity to save hundreds of dollars in monthly payments. We know there are many variable-rate mortgage holders always looking for ways to save more of their hard-earned income and increase overall cash flow, so we wanted to provide […]

The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% Inflation The Bank of Canada left the overnight policy rate at 4.5%, as expected, stating their view that inflation will hit 3% by mid-year and reach the 2% target by next year. They admit, however, that demand continues to exceed supply, […]

Angela Calla has always loved real estate and financial planning so being a mortgage broker is the best of both worlds! Some of her many awards are the Accredited Mortgage Professional Award of the Year, Canada wide, in 2009, the Women of Influence Award several years running, and the 2020 Best Selling Author Pursuit 365. […]

This morning’s Jobs Report was again solid. Job creation, though more tempered than in earlier months, is still robust. The unemployment rate remained at 5.0% for the fourth consecutive month. Very troubling to the Bank of Canada was the wage inflation, still above 5%. No doubt the Bank does not welcome this news. But the […]

In March, the global economy was focused on systemic risk in the banking sector. Following three bank failures in the U.S., markets were roiled again by the forced sale of Credit Suisse to UBS. Interest rates have plummeted as demand for the haven of government bonds has increased sharply. Consequently, five-year fixed mortgage rates have […]

Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this is the […]