The stress test rate is about to fall for the second time in three months following cuts by Canada’s Big Six banks to their 5-year fixed posted rates. Mortgage experts say the Bank of Canada will reduce the benchmark qualifying rate—a.k.a., “stress test rate”—from 4.94% to 4.79% this week. National Bank of Canada cut its […]

The Canadian economy bounced back sharply in May and June as Canadian provinces eased lockdown measures. GDP expanded 4.5% in May, and activity in June was even more robust at an estimated 5% rise. Cumulatively, GDP rose 10% in May and June, after plummeting more than 18% in March and April. These figures are calculated […]

Not even a pandemic can slow buyers. More of us are working from home, staying in, homeschooling and all need a space to co-habitat together. Canadians want more space. A place to recharge, work, and educate their children. BC in particular is being showcased for all the beautiful locations with waterfront views. Only minutes away […]

Not even a pandemic can slow buyers. More of us are working from home, staying in, homeschooling and all need a space to co-habitat together. Canadians want more space. A place to recharge, work, and educate their children. BC in particular is being showcased for all the beautiful locations with waterfront views. Only minutes away […]

During your pre-approval inquiry process, we may ask that you provide the following documents. It is best to have these on hand and easily accessible to ensure the process goes smoothly. A Credit Check Authorization signed – One (1) must be filled out by each applicant and a picture of 2 pieces of ID. A Letter of […]

💸 All About RESPs A Registered Education Savings Plan (RESP) is an investment account designed to help parents save for their child’s education. Like other tax-shelter accounts, an RESP allows investments inside the account to grow tax-free. That means you don’t pay taxes on capital gains, no income taxes on interest, and no tax on […]

In response to the Housing Minister’s July 16th announcement addressing their plan for rent increases, unpaid rent during the State of Emergency, and unpaid rent up to September 1, for our members we have prepared a detailed explanation to assist you in managing this process. As it has been said countless times, this pandemic is unprecedented […]

A wonderful 38-second clip from our Governor of the Bank of Canada about interest rates, consumer indebtedness, and the availability of credit. A stark contrast to CMHC’s sound bytes. "Interest rates are very low, and they’re going to be there for a long time": BoC Governor Tiff Macklem pic.twitter.com/1BFh2owsQs — BNN Bloomberg (@BNNBloomberg) July 15, […]

Finance Minister Bill Morneau presented his fiscal snapshot this afternoon. Most economists were expecting a budget deficit of roughly $260 billion. Instead, the government announced a deficit for the fiscal year 2020-21 of $343.2 billion–close to 16% of GDP. That compares to the $34.4 billion deficit projected before the pandemic. A big chunk of that […]

Angla Calla teamed up with the Real Estate Board of Greater Vancouver to help you navigate the market during changing times. Learn how we can help you access your equity and how a reverse mortgage might be the perfect solution for you so you don’t have to sacrifice your lifestyle. She also discusses the recent […]