The Globe & Mail had a timely piece on what lenders are looking for when people come to them to buy a recreational property. Perhaps these tips can help your clients? proximity to a major market proximity to water (lake or river) access to property by road and not just water four season property better […]

Some interesting points in this Financial Post article: 36% of BMO high net work clients surveyed own a least one second property worth $708,539 many of those people are tapping into equity in their primary residence to fund those additional property purchases most of these folks leverage their property and invest the money Read the […]

As was widely expected, the Bank of Canada left overnight rates unchanged at 0.75 percent and reiterated earlier comments about the likely trajectory of the Canadian economy. The Bank is more optimistic about the economy than private sector forecasters, believing that a rebounding U.S. and global economy will spur Canadian business investment and exports in coming months. […]

Book that vacation sooner rather than later. Camping sites seem to book up faster than ever each year. Most homeowner insurance policies require that you ensure somebody is checking in on your home a minimum of once per week during your absence. Ideally there an alarm monitoring record of somebody attending the property. If not then […]

In a headline that runs contrary to the more inflammatory and regular warnings seen in mainstream media, the Fraser Institute released a report on May 20th titled ‘Concern about Canadian household debt levels overblown when assets, other measures taken into account’. It cited such key statistics as the growth of assets owned by Canadian households […]

Going through the pre-approval process is more important than ever to both you and your Realtor, but the actual term ‘pre-approval’ is potentially misleading. You may be pre-approved for a certain mortgage amount, however there are still a number of variables that can enter the picture once an offer is accepted. That’s why it is […]

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Why Are Bond Yields Rising? Will Mortgage Rates Follow?Bond markets have tanked in the past several weeks, driving yields upward. Hundreds of billions of dollars have been wiped out in global bond markets. Ten-year government bond yields in Canada have risen 50 basis points (bps) in the past month as Treasury yields have jumped 32 […]

View this great video from the Globe & Mail   “How much does it cost to break a mortgage?” Questions on determining the best mortgage for you and your future? The Angela Calla Mortgage Team is here to help call us at 604-802-3983 or callateam@dominionlending.ca We look forward to helping you.        

As a mortgage professional, I know that there is more to the perfect mortgage than a low rate. It seems the Toronto Star has also figured it out in their article “Bargain-basement mortgage rate may not be what you want” and they correctly point out, brokers can help consumers make an informed choice. “Brokers say […]