General 16 Sep
Exciting News to Help Homebuyers and Those up For Renewal Annouced This Morning, Top Points from Today’s Mortgage Changes Announcement: Higher Price Cap for Insured Mortgages: Starting December 15, 2024, homebuyers can purchase properties up to $1.5 million with less than a 20% down payment. This adjustment allows more homes to qualify for insured mortgages, […]
Read MoreGeneral 12 Aug
Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-Play Canadian employment data, released today by Statistics Canada, showed a continued slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Employment declined again in July, down […]
Read MoreGeneral 24 Jul
We hope you are enjoying summer. We are pleased to share some positive news regarding the recent Bank of Canada rate announcement this morning. Prime Rate has decreased which will impact Adjustable Rate Mortgages (ARM’s) and Lines or Credit by approx. $13 dollars per $100k, while working to reduce the amortization of Variable Rate Mortgage […]
Read MoreGeneral 10 Jul
Myth: There will be nothing left for my kids if I take a Reverse Mortgage “I have kids so I don’t want to leave nothing for them”. I hear this and it’s not an accurate statement. A reverse mortgage is not only suitable for people without kids or for those not concerned with passing anything […]
Read MoreGeneral 2 Jul
Welcome to the July issue of my monthly newsletter! Things are starting to heat up as we head into July! For those first-time buyers looking to purchase a home, I have all the details for you below! For those other homeowners hoping to stay cool and enjoy their spaces this season, scroll down for tips […]
Read MoreGeneral 25 Jun
Canadian Inflation Rose In May, Surprising Markets Inflation unexpectedly rose in May, disappointing the Bank of Canada as it deliberates the possibility of another rate cut next month. The Consumer Price Index (CPI) rose 2.9% in May from a year ago, up from a 2.7% reading in April. This increase primarily reflects higher prices for […]
Read MoreGeneral 21 Jun
Port Moody Welcomes Back the Terry Fox Run on September 15th, 2024 After a long hiatus due to the COVID-19 pandemic, the beloved Terry Fox Run is making its triumphant return to Port Moody on September 15th, 2024. This cherished event, which brings together residents and businesses in a spirit of community and philanthropy, has […]
Read MoreGeneral 6 Jun
Angela Calla appeared on CBC National News yesterday to discuss the Bank of Canada’s recent rate decrease and its impact for homeowners and homebuyers. The 11 minute interview we believe is a must watch for anyone who is up for renewal, or considering a home purchase. Topics we cover include Understanding the Rate Decrease Different […]
Read MoreGeneral 5 Jun
We are pleased to inform you that today, the Bank of Canada reduced its target for the overnight rate by 25 basis points, bringing it down to 4.75%. This is the first interest rate cut since the tightening cycle began in March 2022. A Positive Step for Homeowners and Borrowers Although there will likely be […]
Read MoreGeneral 4 Jun
This month, let’s talk about how mortgage pre-approval versus pre-qualification for those potential buyers out there, PLUS some of the best home features for pets! Scroll down for all the details and have a great month. Mortgage Pre-Approval vs. Pre-Qualification Looking to buy your first home? Thinking about making a move? Whatever your goals, when […]
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