OSFI Set To Tighten Banking Regulation

General Angela Calla 24 Apr

Weakening Housing Markets Pose A Risk For The Canadian Economy On April 18, Canada’s national banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), released its second Annual Risk Outlook (ARO), outlining what it believes are the most significant headwinds facing the Canadian financial system – and what the regulator plans on doing […]

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First Back-to-Back Canadian Home Sales Gain in March

General Angela Calla 17 Apr

Good News On The Canadian Housing Front The Canadian Real Estate Association says home sales in March edged up 1.4% in March. Homeowners and buyers were comforted by the fall in fixed mortgage rates as the Bank of Canada paused rate hikes. Bond market yields, though very volatile, have trended downward in March, although they […]

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Are You Ready to Break Your Variable-Rate Mortgage?

General Angela Calla 14 Apr

Do you or a loved one currently have a variable-rate mortgage? If so, you could have the opportunity to save hundreds of dollars in monthly payments. We know there are many variable-rate mortgage holders always looking for ways to save more of their hard-earned income and increase overall cash flow, so we wanted to provide […]

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Bank of Canada Holds Policy Rate At 4.5%

General Angela Calla 12 Apr

The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% Inflation The Bank of Canada left the overnight policy rate at 4.5%, as expected, stating their view that inflation will hit 3% by mid-year and reach the 2% target by next year. They admit, however, that demand continues to exceed supply, […]

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Trendsetter Angela Calla

General Angela Calla 11 Apr

Angela Calla has always loved real estate and financial planning so being a mortgage broker is the best of both worlds! Some of her many awards are the Accredited Mortgage Professional Award of the Year, Canada wide, in 2009, the Women of Influence Award several years running, and the 2020 Best Selling Author Pursuit 365. […]

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Bank of Canada Not Happy With Another Strong Jobs Report

General Angela Calla 6 Apr

This morning’s Jobs Report was again solid. Job creation, though more tempered than in earlier months, is still robust. The unemployment rate remained at 5.0% for the fourth consecutive month. Very troubling to the Bank of Canada was the wage inflation, still above 5%. No doubt the Bank does not welcome this news. But the […]

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Economic Insights from Dr. Sherry Cooper

General Angela Calla 5 Apr

In March, the global economy was focused on systemic risk in the banking sector. Following three bank failures in the U.S., markets were roiled again by the forced sale of Credit Suisse to UBS. Interest rates have plummeted as demand for the haven of government bonds has increased sharply. Consequently, five-year fixed mortgage rates have […]

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Choosing Your Ideal Payment Frequency

General Angela Calla 4 Apr

Your payment schedule is the frequency that you make mortgage payments and ranges from monthly to bi-monthly, bi-weekly, accelerated bi-weekly or even weekly payments. Below is a quick overview of what each of these payment frequencies mean: Monthly Payments: A monthly payment is simply a single large payment, paid once per month; this is the […]

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Updates to Federal Ban on Foreign Buyers

General Angela Calla 30 Mar

Earlier this week, the Government of Canada announced a series of amendments to the Foreign Buyer Ban. These amendments expand the exceptions to the regulations, are effective immediately, as of March 27, 2023, and are as follows: The Foreign Buyer Ban no longer applies to work permit holders. Now, those who hold a work permit […]

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