General Angela Calla 24 Mar
Canadian Inflation Edged Upward to 1.9% Y/Y in January In January, the Consumer Price Index (CPI) rose by 1.9% year over year (y/y), up from 1.8% in December. This rise was primarily due to an uptick in energy prices. Excluding gasoline, the CPI increased by 1.7% in January, down from 1.8% in December. Higher […]
Read MoreGeneral Angela Calla 24 Mar
Canada Finished 2024 on a Stronger Note, But Tariffs Remain a Concern This morning, Statistics Canada released the GDP data for the final quarter of last year, showing a stronger-than-expected increase in household final consumption spending, exports, and business investment. However, drawdowns of business inventories and higher imports tempered the overall growth. In Q4, the […]
Read MoreGeneral Angela Calla 21 Mar
Canadian Inflation Surged to 2.6% in February, Much Stronger Than Expected The Consumer Price Index (CPI) rose 2.6% year-over-year (y/y) in February, following an increase of 1.9% in January. With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This put upward pressure on consumer prices for those items, as taxes paid by consumers […]
Read MoreGeneral Angela Calla 18 Mar
As the Spring season approaches, I have some updates for how to prepare your finances for the coming homebuying season. Plus, check out my fraud awareness tips as March is Fraud Awareness Month! Spring Forward: Preparing Your Finances for the Home-Buying Season Spring is one of the busiest seasons in the real estate market, with […]
Read MoreGeneral Angela Calla 18 Mar
The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 2.75%, within the neutral range of 2.25%—2.75%. Tariff tremors have already led to a decline in consumer confidence and spending, a weakening labour market, and a decline in business investment. Compound that with falling […]
Read MoreGeneral Angela Calla 12 Mar
Bank of Canada reduced its policy interest rate by 25 basis points. Read the full press release HERE. Most Bank’s Prime rate will reduce to 4.95%. What This Means for You: Variable-Rate Mortgage Holders: Expect lower interest costs Adjustable-Rate Mortgage Holders: reduced monthly payments, approximately $13/month for every $100k in balance Fixed-Rate Mortgage Holders: fixed […]
Read MoreGeneral Angela Calla 25 Feb
Unlock Big Savings with CMHC Eco Plus & PTT Exemptions Are you planning to buy a home? If so, you may be eligible for CMHC’s Eco Plus program, which offers a 25% reduction in your mortgage insurance premium—either upfront or as a refund after funding, depending on the lender. We work with specific lenders who […]
Read MoreGeneral Angela Calla 25 Feb
As a medical professional in residency or your first year of practice, you already face enough challenges—finding stable housing shouldn’t be one of them. With rental shortages and high home prices, many doctors and specialists struggle to find a place to live near their workplace. The good news? Specialized mortgage programs can help you buy […]
Read MoreGeneral Angela Calla 21 Feb
With interest rates shifting and financial uncertainty on the rise, we know many Canadians are feeling anxious about their mortgage renewals. Just yesterday, we contributed to a Global News story on this very issue. I emphasized the importance of reviewing your overall finances before signing a renewal. Every situation is unique, and making the right […]
Read MoreGeneral Angela Calla 20 Feb
Purchasing a home that requires renovations can be both an opportunity and a challenge. The Purchase Plus Improvements mortgage program in Canada offers a solution by allowing homebuyers to finance both the purchase of a property and the cost of eligible renovations through a single mortgage. Here is what you need to know about this […]
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