Variable Rate Mortgage? The Time to Act is Now

General Angela Calla 20 May

The Time to act is now!

If you or someone you care about has a mortgage with a discount below .50%, it might be worth it to redo your mortgage. Why? The lower variable rate discounts have reached an all time low.

This opportunity may potentially save you money! Please note, it will be subject to approval which will depend on how much time is left.

Case Example 

Jason, a client that was given an annual review for his $350,000 mortgage was able to save $10,000 over 4 years thanks to a new mortgage discount difference of .90%.

It could happen to you too!

If you have any further questions on reviewing to redo your mortgage, reach out to us at angela@countoncalla.ca


Angela Calla is a 17-year award-winning woman of influence which sets her apart from the rest. She is without a doubt, a true expert in her field. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

Click  here to view the latest news on our blog. 

Team Banner housing market

 

Unique Mortgage Program Launching for First Responders

General Angela Calla 17 May

We are so proud to announce we have teamed up with our banks to develop a special mortgage program to financially support our First Responders.

On June 1st, there will be special discounted and cashback offers available for:

  • Police Officers
  • Paramedics
  • Firefighters (Volunteer & Employed )
  • Correctional Services
  • Border Services
  • Search & Rescue (Volunteer & Employed)
  • Registered Physicians
  • Registered Nurses

Please note: there are NO pre-approvals for this product, and there are special terms and conditions.

Furthermore, we will review all the options available to ensure you ALWAYS have the best mortgage product. By doing so, we will ensure that you save the most amount of money from any borrower you may encounter. 

Please share this exciting news with your loved ones that fit the criteria so we can see how much money can be saved by the mortgage program to financially support our First Responders.

Keep updated with our content! Watch our video on this topic on LinkedIn or on Facebook!


Angela Calla is a 17-year award-winning woman of influence which sets her apart from the rest. She is without a doubt, a true expert in her field. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

Click  here to view the latest news on our blog. 

Team Banner housing market

 

The New Normal: Expert Insights As Canada Emerges From The Pandemic

General Angela Calla 13 May

As Canada emerges from the pandemic, its various industries are spinning back up, hoping beyond hope that their businesses not only recover, but come back stronger than ever. Without our small businesses, we don’t have anything.

To that end, we’ve spoken to eight businesspeople across a cross-section of Canadian financial-based businesses, from trustees to loan providers to mortgage brokers, and asked them one question: What does the New Normal look like for them?

For us here at The Angela Calla Mortgage Team, 

Canadians, more than ever, are understanding the benefit of using a mortgage broker. While we have all gone through unprecedented times, we, as brokers, have had the ability to review how all lenders are handling system changes, regulation changes, and government incentives all together. Borrowers are more at ease working digitally, and in a large organized manner, to communicate changes and impacts of the market in a quick and efficient way. At a time when it’s needed most, our methods have been reassuring borrowers with the value a broker provides.

Canadians have a deep desire for financial literacy and empowerment. It’s been surveyed that 7 out of 10 Canadians live paycheck to paycheck. The pandemic has raised a lot of talk around financial health and stability, causing them to engage and learning more about the system, how brokers work for their client’s best interests, and how we can help them with other financial planning alignments to encompass overall financial health.

Moving forward into the new normal, consumers who value improving their overall wealth and financial health with every aspect available to them through the empowerment of knowledge, know that working with an unbiased party will be most important to them. For example, a mortgage professional will help guide Canadians to consider if they have six months of living expenses aside, or ensure that is addressed when their mortgage is due. Missing that aspect upon renewal is a common mistake when borrowers are fixated on the interest rate for renewal and not a holistic wealth-building/protecting approach.

Adapting to change is constant, and those who are most comfortable with that are leaders in helping others navigate it. When selecting a professional to partner with, asking them how they assist borrowers in navigating change with a proactive plan in place will help ensure you make the right decisions to be set up for financial success.

Click here to view the full article on Debt.ca where you can read about the experiences of some other notable business leaders.


Angela Calla is a 17-year award-winning woman of influence which sets her apart from the rest. She is without a doubt, a true expert in her field. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

Click  here to view the latest news on our blog. 

Team Banner housing market

First-Time Home Buyer Incentive 2.0 Now Available

General Angela Calla 4 May

Long-awaited tweaks to the government’s First-Time Home Buyer Incentive came into effect on Monday.

Nearly five months after the changes were first proposed, the Department of Finance and Canada Mortgage and Housing Corporation (CMHC) have enhanced the eligibility criteria for buyers in Toronto, Vancouver and Victoria.

As a recap, the FTHBI is a shared-equity program whereby the government contributes between 5% and 10% of a first-time buyer’s down payment, and shares in any increase or decrease in the home value until the loan is repaid. The buyer doesn’t need to make any monthly payments, though the loan must be repaid after 25 years or when the home is sold.

The new eligibility requirements include:

the maximum eligible household income has been raised to $150,000 (an increase from $120,000)
participants can borrow up to 4.5 times their household income, up from the current four times.
The changes are limited to those living in the three cities noted above, while the original criteria continue to apply to those living in the rest of the country.

“Our government recognizes that making the choice to own for the first time is a challenge, especially in major markets where housing costs are rising fastest,” said Adam Vaughan, Parliamentary Secretary to the Minister of Families, Children and Social Development and the Minister responsible for the CMHC. “To that end, the new enhancements under the Incentive increases the eligibility of the program in Toronto, Vancouver and Victoria.”

What do the FTHBI changes mean?

The increase in the maximum household income and borrowing limit means first-time buyers wanting to participate in the program can now theoretically qualify for a purchase price up to $722,000, up from roughly $505,000 for those under the original requirements.

This comes at a time when the average house price has soared to $716,000, according to March data from the Canadian Real Estate Association. Even without the high-priced markets of the Greater Toronto and Vancouver areas, the national average price still stands at $556,828.

The question, of course, is whether the changes will actually assist first-time buyers struggling with affordability as prices continue to rise nationwide.

“No. The program isn’t really assistive to first-time buyers,” says Paul Taylor, President and CEO of Mortgage Professionals Canada. “Even with the increased 4.5 times income, all eligible participants would actually be able to borrow more using a traditional 5% down insured mortgage. As such, it won’t really create any new market entrants. It will provide an option for those who already qualify, in very specific parameters, to reduce their monthly payments at the tradeoff of home equity.”

Taylor told CMT that the program is true to its name, being an “incentive” program as opposed to being “assistive.”

“The government is incentivizing first-time buyers to take on less debt and to reduce their monthly payments, but the tradeoff is reduced purchasing capacity and government co-ownership,” he added, saying the number of borrowers eligible to actually qualify for the new maximum purchase price of $722,000 “will be very small.”

This article was written and published by, Canadian Mortgage Trends. To visit the article on their webpage, click here.


Angela Calla is a 17-year award-winning woman of influence which sets her apart from the rest. She is without a doubt, a true expert in her field. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code, Angela educates prospective home buyers by providing vital information on mortgages. 

In August of 2020, at the young age of 37, Angela surpassed $1 Billion dollars in funded personal mortgages. In light of this, her success awarded her with the 2020Business Leader of the Year Award.

Angela is a frequent go-to source for media and publishers across the country. For media interviews, speaking inquiries, or personal mortgage assistance, please contact Angela at hello@countoncalla.ca or at 604-802-3983.

Click  here to view the latest news on our blog. 

Team Banner housing market