General Angela Calla 3 Nov
Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table Today’s StatsCanada Labour Force Survey for October was weak across the board. Total job gains were meagre, full-time jobs fell, hours worked were flat, wage inflation eased (a bit), and the unemployment rate rose. Employment changed little in October, up only 17,500 (0.1%), […]
Read MoreGeneral Angela Calla 30 Oct
Dreaming of home ownership but need help saving for a down payment? Between current home prices and inflation, it can feel challenging. But the good news is that first-time homebuyers can use both an FHSA and the HBP to optimize their saving. An FHSA allows you to contribute up to $8,000 a year, to a […]
Read MoreGeneral Angela Calla 27 Oct
A reverse mortgage in Canada is a financial product designed for homeowners aged 55 and older that allows them to access a portion of their home’s equity without having to sell or move out of the property. This type of loan enables homeowners to convert part of their home equity into tax-free cash, typically in […]
Read MoreGeneral Angela Calla 25 Oct
High-interest rates can pose unique challenges for homeowners. To navigate this landscape effectively, it’s crucial to understand the strategies that can help you make informed decisions. Joining the Afternoon Show with Jill Bennett, we discussed key factors such as payment strategy, frequency, mortgage type regular and reverse, and amortization extending. Listen to the segment HERE […]
Read MoreGeneral Angela Calla 20 Oct
Should you refinance your mortgage with todays high rates? Refinancing your mortgage can be an excellent way to pay off high-interest credit card and other consumer debt, improve your household cash flow, complete projects/home renovations, contribute to your retirement plan or children’s education, and many other purposes. We have dedicated ourselves to education over the […]
Read MoreGeneral Angela Calla 19 Oct
Cole’s Notes on our Annual MPC conference Inflation is a lagging indicator Bank of Canada will choose a recession over high inflation (Central Banks worldwide are seen as inflation fighters) Bank of Canada would rather overshoot (increase more than needed and/or stay higher for longer than needed) despite the economic risk that presents Currently, the […]
Read MoreGeneral Angela Calla 18 Oct
This October The Angela Calla Mortgage Team was speaking with a group of lawyers whom areas of practice range from Real Estate Conveyancing, Family Law, Wills & Estates and Corporate Law In this high level overview of our everchanging economic market we discussed How lenders determine and offer interest rates What the difference is among […]
Read MoreGeneral Angela Calla 17 Oct
Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report for September was considerably better than expected, ending the three-month rise in inflation. Not only did the headline inflation rate fall, but so did the core measures of inflation on a year-over-year basis and a three-month moving average basis. This, in […]
Read MoreGeneral Angela Calla 16 Oct
Legislation introduced to rein in short-term rentals, deliver more homes for people Turning short-term rentals into homes for people is at the core of newly introduced legislation to regulate the rapidly expanding short-term rental market. “Anyone who’s looking for an affordable place to live knows how hard it is, and short-term rentals are making it […]
Read MoreGeneral Angela Calla 10 Oct
Mortgage Payments: 📌Monthly mortgage payments are the most standard, and lenders use this common payment to calculate the amount you would pay on other schedules. But choosing another option can shave time off your mortgage and thousands from your interest costs. 💰💡 📌 Semi-monthly means you will divide your monthly mortgage payment in […]
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