General Angela Calla 9 Dec
This morning in its 10th and likely final policy decision of 2020, the Bank of Canada left its target overnight benchmark rate unchanged at what it describes as its “lower bound” of 0.25%. As a result, the Bank Rate stays at 0.5% and the knock-on effect is that borrowing costs for Canadians will remain low for […]
Read MoreGeneral Angela Calla 8 Dec
Being on the path to purchasing your first home is one of the most exciting and most rewarding moments in life! While people don’t always dream of the perfect mortgage, we do grow up dreaming of a white picket fence and our dream home. Even if you imagined your dream home as a 6-bedroom mansion, […]
Read MoreGeneral Angela Calla 7 Dec
GOVERNMENT UPDATES Monday, December 7 PROVINCIAL GOVERNMENT UPDATE Extension of PHO order on province-wide restrictions to January 8, 2021 By order and direction of the Provincial Health Officer, all events and social gatherings are suspended to significantly reduce COVID-19 transmission related to social interactions and travel, with the following updates: Drive-in and drop-off events: may […]
Read MoreGeneral Angela Calla 2 Dec
Justin Trudeau’s government, which has delivered the biggest COVID-19 fiscal response in the industrialized world, announced plans for another dose of stimulus and vowed to continue priming the pump as long as needed. Finance Minister Chrystia Freeland unveiled $51.7 billion of new spending over two years in a mini-budget Monday, led by an enhanced wages subsidy for […]
Read MoreGeneral Angela Calla 25 Nov
The finalists have been chosen for this year’s Tri-Cities Chamber of Commerce Business Excellence Awards. The nominees were announced last week and honored at a virtual finalist celebration held on Facebook live Nov. 8. “The Business Excellence Awards were created to recognize outstanding businesses in the Tri-Cities,” the chamber said in a press release. “Each […]
Read MoreGeneral Angela Calla 23 Nov
You made it!! Once you have your down payment and have qualified for a pre-approved mortgage (your credit score is in order and all documentation has been provided), you are ready to start searching for your perfect home. Your Mortgage Professional can give you recommendations for a realtor, if you don’t have one already. CLOSING […]
Read MoreGeneral Angela Calla 20 Nov
To have the best success with your mortgage, it is recommended that you get pre-approved! This can be done through your Mortgage Professional to ensure that you get the best mortgage product FOR YOU, from the best rate to the best term agreement. While getting pre-approved might sound boring (and you might be asking ‘why […]
Read MoreGeneral Angela Calla 17 Nov
When it comes to mortgages, there can be a lot to know! Do you go with a fixed-rate mortgage or a variable-rate? What are the terms? What are the penalties? Which is the best payment frequency? With so many questions and so many lender options, it can be hard to find the best solution for […]
Read MoreGeneral Angela Calla 13 Nov
For those of you who don’t know, your down payment is the amount of money you need to put down on your new home. Once you have determined your budget, you will have an accurate idea of the final cost of the home you can afford and what you will be intending to spend. This […]
Read MoreGeneral Angela Calla 12 Nov
Now that we have talked credit, it is time to consider budget! We know, we know… but we promise, you’re almost there! When talking budget, it is important to consider the purchase price budget, as well as your cash flow budget. Being house rich and cash poor makes for a no-fun home! The home price […]
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