10 things to know about the 2016/17 provincial budget: 1. Buyers of newly-built homes worth up to $750,000 will be exempt from the property transfer tax, saving up to $13,000, effective Wednesday (only for Canadian citizens or permanent residents). 2. The new home tax exemption will only apply to people who actually live in the […]

Dec 31st 2015 Vancouver, BC – Dominion Lending Centres (DLC), Canada’s top mortgage company, is proud to announce its acquisition of Mortgage Architects, a leader in the Canadian mortgage space. DLC will keep all three of its brands (Dominion Lending Centres; Mortgage Centre Canada; Mortgage Architects) and run each of them alongside one another.   […]

Official Release from the federal goverment: http://www.fin.gc.ca/n15/15-088-eng.asp  Frequently asked questions: http://www.fin.gc.ca/afc/faq/hdpmeh-mfperpc-eng.asp Chart showing amounts required below

New down payment rules will go into effective February 15, 2016. The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house price above $500,000, the finance ministry wrote. For example: A $750,000 home will now require $50,000 down — 5% for the first $500,000 and 10% […]

Mortgage Penalties… How They Should Be Calculated Let me say this first, before we get to the whole rip-off thing… Mortgage penalties are necessary. The bank has to protect their investment if you were to end up breaking off the mortgage early. I mean, this makes sense. It’s the nature of a loan. What doesn’t […]

Courtesy of the Globe & Mail In early 2013, Kelly Vandenham and her boyfriend were preparing to put an offer on a charming Craftsman-style house in West Kelowna, B.C. They had been preapproved for a mortgage with Canadian Imperial Bank of Commerce, but the couple’s realtor suggested they could get a lower interest rate at […]

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      Interest Rates & Payment Increases: The Actual Math                   For several years headlines have warned of ‘inevitable’ interest-rate hikes. But reality has seen interest rates drop steadily over the past several years, to new record lows. It is the opinion of most Brokers – […]

Take a look at Angela Calla’s awesome article in the September 2015 issue of the CMP magazine. CLICK HERE to view the article   Want to ensure you have the best mortgage? The Angela Calla Mortgage Team can help you directly at 604-802-3983 or callateam@dominionlending.ca. Contact us today!

Hear Stu’s story, a Doctor from Langley who got helped by #callateam to redo his #mortgage. Stu is a repeat client and we are glad we were able to save him thousands. Click HERE to listen to the full testimonial