I joined Mike Smyth on his show this morning to bring some clarity to the recent CMHC discussion around increasing the minimum required down payment on home purchases under $500,000. It is CMHC’s job to evaluate everything from every aspect – how many people have deferred their mortgages and defaulted and what that will look […]

Could the minimum down payment in Canada soon be increased to 10%? It’s possible. In his address to the House of Commons Standing Committee yesterday, the head of CMHC, Evan Siddall, stated: “Unless we act, a first time homebuyer purchasing a $300,000 home with a 5 percent down payment stands to lose over $45,000 on […]

I 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 without accumulating […]

The Real Costs. The Facts. The Myths. There are opinions and articles circulating that say taking the 6 month mortgage deferral option could result in your payments increasing by $800 a month at the end of the deferral period. This is just not so. You’ve probably also heard that lenders will charge interest on top […]

Nearly two months into living in some form of isolation, watching retirement savings take a hit, and having to take additional health precautions due to the COVID-19 pandemic, eligible seniors are set to receive a one-time tax-free payment of up to $500. “There’s no question that COVID-19 has been taking its toll on seniors both […]

If you have questions about mortgages or financing in today’s current environment this is an excellent resource for you. We are very pleased to have been selected by Canadian Mortgage Podcast as one of the top mortgage professionals in the country. During the episode we cover some very important information for Canadians. We discuss what […]

We had the privilege of donating some coffee tumblers to our health workers on the front lines at the Eagle Ridge Hospital. What a wonderful group of people! We’re so happy we could help!   Angela Calla is a 16-year award-winning woman of influence mortgage expert. Alongside her team, passionately assisting mortgage holders get the […]

The next phase of British Columbia’s COVID-19 response will allow residents to host a small group of friends for dinner, get a professional haircut, and play low-contact sports. The plans unveiled by B.C. Premier John Horgan on Wednesday make it possible for a wide variety of businesses and services to reopen as early as mid-May, including […]

Canadian banks are expected to tighten access to home equity lines of credit (HELOCs) when coronavirus-linked government assistance programs end in a few months, as lenders seek to limit credit to already-stretched borrowers, industry watchers said. Such lines of credit — which allow homeowners to borrow back equity in their properties — have seen limited […]

How You Can Access Online all your Interactions with your CRA and Service Canada Accounts Online, Anytime! My Service Canada Account (MSCA) is a secure online portal that lets you apply, view and update your information for: Employment Insurance (EI) Canada Pension Plan (CPP) Old Age Security (OAS). And now also any of the many […]