You have likely heard – or will soon be hearing – a lot of talk about “trigger rates” and “trigger points”. More importantly, we are here to guide you as you will hear these terms along with more changes in the Bank of Canada rate. Let’s start with a few definitions: Variable Rate Mortgage (VRM) […]

The Bank of Canada has raised interest rates by 2.25 per cent since March. While many homeowners expected rates to rise, no one expected things to go up so quickly. These increases have a major impact on variable-rate mortgage holders since their lender’s prime rate will often increase in step with the central bank’s rate. That means […]

Who makes more money on Real Estate than developers? We have all heard how developers are greedy, but ever wonder who makes the most money on a real estate development?  Local, provincial and federal governments, that’s who! According to CMHC, fees and charges account for 20% of the price of a new condo apartment.  Want […]

Most Canadians dream of owning a beautiful home where they can raise their family and watch them grow. As our families get wonderful little additions or grow into a bigger space, many of us want to learn how to move up the property ladder. With the cost of everything rising and additional costs we accumulate as our […]

Macklem’s Op-Ed (emphasis is mine) Inflation in Canada has come down a little, but it remains far too high. After rising rapidly to reach 8.1 per cent in June, inflation as measured by the consumer price index (CPI) was 7.6 per cent in July. The good news is that it looks like inflation may have […]

Gasoline Prices Dipped, But No Time To Celebrate While we are all grateful that gasoline prices declined from record highs in July, today’s release of the July inflation data shows that the underlying inflation momentum remains too strong for comfort. Governor Macklem will likely continue to hike the policy rate aggressively when they next announce […]

Housing Slowdown Continues in July Statistics released today by the Canadian Real Estate Association (CREA) show that the slowdown that began in March in response to higher interest rates continued in July, albeit at a slower pace. Home sales recorded over Canadian MLS® Systems fell by 5.3% between June and July 2022. The pace of home […]

Do you know anyone with a disability? Did you know that if they qualify for the Disability Tax Credit There may also be a significant tax refund that can help them financially? Angela Calla is an 18-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage […]

We recently did a segment with Global News BC to help educate Canadians on Reverse Mortgages as an option. This could be a great wealth-building tool for those over the age of 55 who are: Looking to purchase additional property without selling their home Wanting the freedom of no mortgage payments Desire a home renovation […]

It was widely expected that US consumer price inflation would decelerate in July, reflecting the decline in energy prices that peaked in early June. The US CPI was unchanged last month following its 1.3% spike in June. This reduced the year-over-year inflation rate to 8.5% from a four-decade high of 9.1%. Oil prices have fallen […]