General Angela Calla 23 Jan
As part of our commitment to keeping you informed about mortgage options, we wanted to share important insights on Adjustable-Rate Mortgages (ARMs) and how they compare to other mortgage types. Below is a summary of key points for your consideration: What You Should Know: ARMs have an interest rate and payment amount that can change. […]
Read MoreGeneral Angela Calla 23 Jan
In the ever-evolving landscape of Canadian mortgages, understanding the factors that influence interest rates is crucial for homeowners making decisions about their financial future. One of the key distinctions lies in the basis for fixed interest rates, which are tied to the bond market, while variable and adjustable rates are influenced by the Bank of […]
Read MoreGeneral Angela Calla 23 Jan
With inflation on the rise in December, the Bank of Canada is expected to maintain its Prime Rate next Wednesday, offering no immediate signs of a decrease. Wondering when rates will go down? I recently contributed to a Zolo article, simplifying this complex topic. To understand when the prime rate might drop, keep an eye on […]
Read MoreGeneral Angela Calla 18 Jan
The Canadian real estate landscape is poised to favour prospective home buyers in 2024 as urban areas nationwide steadily veer towards becoming buyer’s markets, according to polling by online marketplace Zolo. This will be further impelled by potential cuts in mortgage rates throughout the year, although not to the historically low levels seen during the […]
Read MoreGeneral Angela Calla 18 Jan
Dealing with high-interest debt can be a major financial challenge for individuals, especially during this time of year. At The Angela Calla Mortgage Team, we recognize the burden that multiple debt payments can cause. Therefore, we have access to provide flexible debt consolidation solutions to help alleviate financial stress. Here are FIVE key ways our […]
Read MoreGeneral Angela Calla 17 Jan
A Bumpy Road To The Inflation Target Canada’s headline inflation number for December ’23 moved up three bps to 3.4%, as expected, as gasoline prices didn’t fall as fast as a year ago. These so-called base effects were also evident in the earlier US inflation data for the same month. Additional acceleration came from airfares, […]
Read MoreGeneral Angela Calla 16 Jan
In todays cash strapped society, we all want to make the best decisions to balance out our future. How do we do that? Simple, break down the math, look at the numbers and do what’s comfortable to you. Where you will be surprised is that what you thought to be the right way, may not be […]
Read MoreGeneral Angela Calla 9 Jan
We Canadians are no strangers to the chill of the winter season! As we shift into the final few months of 2023, now is a great time to check your home before the cold front hits. Below I have included a few tips that could help you save on bills, prevent future repair costs, and […]
Read MoreGeneral Angela Calla 2 Jan
Mortgage Rates to Drop in 2024 The biggest factor our experts use to make housing market predictions for 2024 in Canada will be interest rates. The Bank of Canada has been raising interest rates since March 2022. These higher rates have had a widespread impact across Canada. Some effects have been positive (like lowering inflation), […]
Read MoreGeneral Angela Calla 19 Dec
A Comprehensive Guide to Understanding Reverse Mortgages in Canada: Designing Your Ideal Lifestyle and Debunking Myths Introduction: As Canadians embrace longer life expectancies and evolving financial goals, reverse mortgages have gained prominence as a versatile financial tool. In this comprehensive guide, we’ll explore the intricacies of reverse mortgages in Canada, shedding light on how they […]
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