In Anticipation to the April Bank of Canada Announcement

General Angela Calla 1 Apr

Good morning! In light of the upcoming April Bank of Canada announcement, we’ve been getting a lot of messages from those of you with Variable Rate Mortgages, asking if you should lock in ahead of April’s potential rate increase: Rates are rising. Is it time to lock in your mortgage rate? In her keynote speech […]

Read More

CBC Interview: How to Enter the Canadian Housing Market

General Angela Calla 25 Mar

Recently we were interviewed by CBC leading off the news in the business digest across Canada discussing how Canadians are getting into the market. In summary, 4/10 Canadians get a substantial gift from parents, in the sum of $100,000 to $300,000 instead of co-signing. If a parent co-signs they have to qualify to service the […]

Read More

The Best Way to Protect Yourself Against Inflation

General Angela Calla 25 Mar

  With such a strong focus in the media on real estate today, have you ever asked yourself, “Why real estate is getting MORE expensive today than yesterday?”. If this is the question you are asking yourself, then you are asking the WRONG question. The REAL question you need to ask is “why does my […]

Read More

Using the Rule of 2 to Protect Your Credit Score

General Angela Calla 14 Mar

A credit score is so important when you are considering a home purchase. Well-qualified borrowers often don’t consider that there will ever be errors on their report, but sadly there are often mix-ups on reports or flat out incorrect information in terms of Credit Owed Marital Status Employment Birthdate. Such an example was noted in […]

Read More

Blockbuster Canadian Jobs Report for February

General Angela Calla 11 Mar

Canada Reached Full-Employment in February Statistics Canada released the February Labour Force Survey this morning, reporting a much more significant than expected 336,600 net new jobs, with the unemployment rate falling a full percentage point to 5.5%. This is the first time the unemployment rate fell below its pre-Covid level and reinforces the expectation for […]

Read More

Spring Cleaning Tips!

General Angela Calla 9 Mar

Spring is just around the corner!! While nobody enjoys Spring cleaning, we can all appreciate having a fresh home! Below are my favourite six Spring cleaning tips to help you tackle your home and get it looking its best for the season ahead: Create a Playlist: Everything is more fun with a great playlist! Not only […]

Read More

Preparing for the Spring Market

General Angela Calla 8 Mar

Spring is just around the corner! Some of you might be anxious to buy or sell this season, so let’s take a look at the trends for the upcoming Spring market. From a seller’s perspective, this is the best time to sell with motivated buyers and a huge demand that may diminish as the Bank […]

Read More

Refinancing: What You Should Know

General Angela Calla 4 Mar

Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Essentially, allowing you to pay off your existing loan and replace it with a new one that better suits your needs. When done properly, mortgage refinancing can result in a host of great benefits to further your […]

Read More

Bank of Canada Raises Rates

General Angela Calla 2 Mar

As predicted from the Bank of Canada announcement today, they have made an increase of prime rate by o.25% and the banks will follow. This means that there will be a $13 a month increase per $100k on your payments for variable-rate mortgages. If you have a $500k variable rate mortgage expect an increase of approximately $65.00/month. We […]

Read More

Bank of Canada Announcement – March 2022

General Angela Calla 2 Mar

I just wanted to share my message to any of you variable rate mortgage holders who are feeling apprehensive about the Bank of Canada’s rate increase today. To those of you with fixed-rate mortgages, this should not affect you at all. 📣 Attention Variable Rate Mortgage Holders: Do Not Panic. 👉 The Bank of Canada […]

Read More