When asking this question to one of our clients (a new resident to Canada from China) they stated the following: 1.       In mainland China you cannot own a home, it can only be leased for 70 years. 2.       There are no “safe” retirement programs such as RRSPs or 401k’s. 3.       They didn’t feel comfortable leaving […]

10 Questions Mortgage Borrowers Should Ask But Often Don’t 1. If I have mortgage default insurance do I also need mortgage life insurance? Yes. Mortgage life insurance is a life insurance policy on a homeowner, which will allow your family or dependents to pay off the mortgage on the home should something tragic happen to […]

Make use of extra ‘gravy’ at Christmas Garry Marr  Dec 10, 2011 – 7:00 AM ET | Last Updated: Dec 12, 2011 1:18 PM ET Christmas comes twice a year for some Canadians — or so they think. The three-paycheque month is viewed across this country as some type of well-earned bonus that comes through the […]

If you’ve been thinking about buying a new home but don’t think that the cooler months make for an ideal time, you may actually benefit from changing your perspective. Though spring and summer are typically the most active real estate buying and selling seasons, house hunting in winter has its own benefits. Knowing what they […]

Dominion Lending Centres Angela Calla Mortgage Team is proud to announce the launch of EnRICHed Academy’s “Smart Start for Financial Genius”! This program has been designed to educate young adults (13-23) and their families on the fundamentals that build wealth in an entertaining, funny and entirely interactive way. No program like this currently exists, and the need […]

With mortgage rates still hovering near historic lows, chances are you’ve considered breaking your current mortgage and renewing now before rates rise any further. Perhaps you want to free up cash for such things as renovations, travel or putting towards your children’s education? Or maybe you want to pay down debt or pay your mortgage […]

Good Morning, No surprises this morning, the BOC rate remains stable the full report can be viewed here http://www.bankofcanada.ca/2011/12/press-releases/fad-press-release-2011-12-06/   Angela Calla, AMP Dominion Lending Centres 604-802-3983 acalla@dominionlending.ca

By Courtney Tower –External Headwinds ‘Blowing Harder’ So Stimulus Still Needed –Some Few Analysts See Rate Cut Rather Than Hikes In Future OTTAWA (MNI) – The Bank of Canada likely will maintain the economic stimulus of its 1.0% policy interest rate on Tuesday, for the 11th successive rate-setting time, and those who parse its words […]

Well it’s that time again when the Bank of Canada considers doing something with its overnight target rate, the benchmark interest rate that affects interest rates, directly and indirectly, throughout the country. The Bank’s overnight target rate is currently one per cent, low by historical standards although it has been lower dropping to a record […]

If there’s one plaintive cry you tend to hear again and again from credit counsellors, it’s this: “If only our clients had come to see us sooner.” By the time many people actually ask for help, their debt problems are so huge that their credit ratings are in tatters and some solutions may no longer […]