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 […]

Here is a summary of Canada’s households and mortgages (see chart below). Does this chart surprise you? 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 holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through […]

The latest news has been focused on rising interest rates, surging inflation, and economic uncertainty with suggestions that the Canadian economy could be tripped into recession. With all this information circulating, now is a good time to discuss ways to adapt your finances and protect your future. Fortunately, there are a few key things you […]

The Bank of Canada today published its 2023 schedule for the release of its policy interest rate decisions and quarterly Monetary Policy Report. The dates are as follows: Wednesday, January 25* Wednesday, March 8 Wednesday, April 12* Wednesday, June 7 Wednesday, July 12* Wednesday, September 6 Wednesday, October 25* Wednesday, December 6 The Bank also reconfirmed the scheduled […]

The Bank of Canada over the past 30 years has had six periods of interest-rate hikes, ranging from 1.25 to 3.2 percentage points, before this most recent set in 2022. The one thing they all had in common was that it didn’t take long for each of them to be followed by a period of […]

Mortgage specialists say they’re busier than usual these days answering panicked calls from Canadians holding a variable mortgage or set to renew who want to know how to save money in the face of rising interest rates. Earlier this month, the Bank of Canada raised its benchmark lending rate a full percentage point, bumping it up […]

For any of you who are waiting to lock into a fixed-rate mortgage, you may want to watch the rates closely over the next little bit. Fixed rates are based on the bond market. Angela Calla is an 18-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately […]

For those that missed it, the BC Speculation and Vacancy Tax has been expanded to include Lions Bay, Squamish, North Cowichan, Duncan, Ladysmith and Lake Cowichan. This will not affect any closings, but any potential buyers of properties in these areas should be told of the requirement to file an annual declaration. The government also […]