Canadians are more in debt than ever. The average Canadian owes roughly $1.70 for every dollar of earned income per year after taxes, two in five Canadians don’t think they’ll ever get out of debt, and more than a third of Canadians have no retirement savings, according to a 2019 survey. But building home equity and consolidating debt into […]

Here is our first decrease in the Bank of Canada prime rate for 2020. Here is the full report from today Bank of Canada and the next meeting is April 15th 2020. What does this mean for consumers? Since 2016, lenders started breaking the norm in terms of discounts being passed along to consumers as they were […]

Good Afternoon, Today it was announced there will be changes to the mortgage stress test April 6th 2020 for insured mortgages. The change will be the contract plus 2%. As an example, that takes the current stress test from some lenders at 5.19% to 4.79% as a qualifying rate once effective. Below is the full press […]

There may be a little relief coming for condo owners who may be affected by the skyrocketing Condo Insurance premiums. The IBABC is getting involved by proposing two main reforms to provincial legislation: a $50,000 cap on the deductible assessment and non-insured loss assessment a change in standard definition of a strata unit to ensure […]

Global investors are selling stocks and piling into the safety of bonds in response to fears that the Wuhan coronavirus could disrupt global economic activity. Gold prices, another haven, have also risen. The Government of Canada 5-year bond yield traded this morning at roughly 1.35%, well below its nearly 1.70% level one month ago. The 5-year […]

I was invited to Global Morning News to discuss mortgage considerations when going through divorce. While it is a very multifaceted topic, when it comes to the best unbiased mortgage options, while protecting your credit, and at no cost to you; we can help ensure all the options are considered, simply by the access we […]

December 2019 real estate stats are in & your 2019 B.C home assessment has become available. Click this link in order to check yours: https://www.bcassessment.ca If you have any questions on qualifying for a mortgage to purchase a home, mortgage renewal, debt consolidation or spousal buyout- please reach out.   Angela Calla is a 15 […]

If you are considering separating from your spouse and you own a home, some considerations will need to be made about how to best move forward financially.   When it comes to getting a mortgage, here are the top 4 considerations to factor in when separating from your partner. Can one spouse afford to pay out […]

Get ahead of your finances, turn the tables and get your equity working for you. We cannot increase the hours in the day and wages can only go up so much. Most people have the desire to have a little more financial freedom and want to get their money working for them, they just don’t […]

With 7/10 Canadians owning a home and 30% of renters hoping to purchase in the next two years, we thought we would break down the following scenarios. Maybe you wish to buy a home, or you own a home and are interested in refinancing your mortgage. Let’s first talk about purchasing a home. When Can […]