BC Wildfires Response – First National

General Angela Calla 21 Aug

As the devastating wildfires in British Columbia continue to pose a significant threat, we understand the importance of providing timely and accurate information to you and your clients. At First National, we are committed to supporting you during these challenging times and want to ensure that you and your clients are equipped with the necessary […]

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Canadian Headline Inflation Rises to 3.3%, But Core Inflation Shows Promise

General Angela Calla 15 Aug

July Headline Inflation Rose to 3.3%, But Core Inflation Improved The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely expected due to a base-year effect on gasoline prices, as a sizeable monthly decline in July 2022 (-9.2%) no longer impacts the 12-month movement. Excluding […]

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Weaker Than Expected Jobs Report Portends No Rate Hike By BoC

General Angela Calla 9 Aug

The Long-Awaited Labour Market Slowdown The Canadian economy shed 6,400 jobs in July, far weaker than the 25,000 gain that was expected. The jobless rate was 5.5%, the third consecutive monthly rise. This likely improves the chances the Bank of Canada will remain on the sidelines in September. Wage inflation, however, re-accelerated, moving back to […]

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August 2023 Monthly Newsletter

General Angela Calla 9 Aug

This month we are covering what you need to know about converting your basement into an income suite, plus we have some fun summer BBQ tips! Also, hear the economic forecast straight from our Chief Economist, Dr. Sherry Cooper! Converting Your Basement to an Income Suite With the current interest rates and economic scenarios, many […]

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OSFI Takes Focused Action to Reduce Systemic Banking System Risk

General Angela Calla 3 Aug

OTTAWA ─ June 28, 2022 ─ Office of the Superintendent of Financial Institutions The Office of the Superintendent of Financial Institutions (OSFI) released a new Advisory (Clarification on the Treatment of Innovative Real Estate Secured Lending Products under Guideline B-20). The Advisory complements existing expectations under Guideline B-20, which articulates OSFI’s expectations regarding underwriting practices and procedures […]

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The Angela Calla Mortgage Team – Letter of Engagement

General Angela Calla 27 Jul

Dear Client, Thank you for choosing DLC – Angela Calla to prepare your application for mortgage financing. We are proud to offer a high level of service and it will be our pleasure to lead you through the process. DLC -Angela Calla maintains the highest level of integrity and we are always working in the […]

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The Canadian Mortgage Market is at the Precipice of an Evolutionary Shift

General Angela Calla 27 Jul

The Canadian mortgage market is at the precipice of an evolutionary shift as it ventures into a post-pandemic environment.   With the 2023 Residential Mortgage Industry Report from the Canada Mortgage and Housing Corporation (CMHC) now available, CMHC 2023 Residential Report a roadmap has been provided for the mortgage industry moving forward, outlining crucial insights […]

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Using a Reverse Mortgage To Purchase a Revenue Property

General Angela Calla 25 Jul

We are seeing an increasing number of clients turn to revenue properties to supplement their monthly income in retirement. But how does that work given that reverse mortgages primarily lends on the primary residence?   Client Details: 70 year old male & 70 year old female $2.4M primary residence in North Vancouver Purchasing 1 bedroom […]

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Free Family Fun – Summer 2023

General Angela Calla 24 Jul

This summer, Port Coquitlam is transforming two parks into a giant outdoor movie theatre! It’s a fun time for the kiddos and it’s all for FREE!   🎬 Jumanji: The Next Level 📅 Sat, July 29 at 9:15pm at Evergreen Park   🎬 Super Mario Bros. Movie 📅 Sun, Aug. 20: 8:45pm at Gates Park […]

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8 Ways Canadians Benefit from Early Mortgage Redo: A Nurse and Engineer’s Success Story

General Angela Calla 24 Jul

In the ever-changing Canadian market, financial decisions can be both daunting and exhilarating. Every day, The Angela Calla Mortgage Team have the privilege of helping Canadians navigate these waters. Recently, a nurse and an engineer from Port Coquitlam experienced firsthand the benefits of taking control of their financial future by redoing their mortgage early. Through […]

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