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 […]

Summer is finally here so be sure to enjoy it! To help you beat the heat AND save money while you do, here are some tips: Use Portable and Ceiling Fans: Instead of cranking the A/C (and your electricity bill) consider cooling down with portable and ceiling fans. They can help ease the stress on your unit […]

As of late, the impact of rising interest rates and inflation are causing many to struggle with their debt payments and expenses. Here are just a few ways that CHIP reverse mortgage can help: Prepayment for adult children – clients facing higher payments and looking for ways to reduce. Bank of mom/dad may be able […]

HomeEquity Bank’s very own Yvonne Ziomecki, EVP Marketing and Sales was recently a special guest of DLC’s COO Dong Lee on The Mortgage Show. In case you missed it, Dong and Yvonne spoke about a variety of topics, but especially about how brokers can use the CHIP Reverse Mortgage to help clients during this economic […]

When it comes to home renovations, we know things can add up quickly! If you’re looking to update your home or make some changes to your space, there are a few simple things you can do that are affordable AND have a great return on investment: Fresh Coat of Paint: It is amazing what a […]