General Angela Calla 22 Nov
Good News On the Inflation Front Suggests Policy Rates Have Peaked Today’s inflation report showed a continued improvement, mainly due to falling year-over-year (y/y) gasoline prices. The October Consumer Price Index (CPI) rose 3.1% y/y, down from the 3.8% rise in September. There were no surprises here, so markets moved little on the news. Excluding […]
Read MoreGeneral Angela Calla 20 Nov
I hope you’re talking about the First Home Savings Account (FHSA)! If you and your partner each open a First Home Savings Account (FHSA) and contribute the maximum contribution amount for 2023 of $8,000, you’ll receive a $16,000 tax deduction that you can use to reduce your taxable income. Don’t delay! Not opening one this […]
Read MoreGeneral Angela Calla 20 Nov
We had the best time taking over the entire 3 theatres and having a cozy movie night with some of our clients that could make it out. My heart ❤️ is so full to be able to share a flick, some laughs, hugs and appreciation to be a part of our mortgage family. Going into […]
Read MoreGeneral Angela Calla 16 Nov
Here are the 4 top benefits we have seen our mortgage clients gain from it these past few months. 1. Finding the Money without making any investments but simply moving existing investment funds to the right place. We had a client that went from having to pay taxes, to getting a refund! They used this to […]
Read MoreGeneral Angela Calla 16 Nov
Can’t pay your mortgage and need to review your options? Have a listen to Angela Calla on Mom Talk. Finances are tighter for everyone, the cost of living is up but the wages just don’t seem to match. Despite feeling capable when you first bought your house, things are unexpectedly different now. Interest rate hikes, […]
Read MoreGeneral Angela Calla 9 Nov
HOME BUYERS PLAN What it is: Use up to $35,000 of your RRSPs (registered retirement savings plan) toward your down payment. Those funds have to be repaid back within 15 years. Benefits: Any funds you contribute are tax-deductible. How to use it: If you’re palling to save the max ($35k) over 5 years, save $134/week. How to […]
Read MoreGeneral Angela Calla 7 Nov
Welcome to the November issue of my monthly newsletter! As we get closer to the end of the year, we have some tips for your upcoming mortgage renewal, plus how to winterize your home!! Also, hear the economic forecast straight from our Chief Economist, Dr. Sherry Cooper. Mortgage Renewal Benefits Is your mortgage coming up […]
Read MoreGeneral 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 […]
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