General Angela Calla 9 Aug
The Long-Awaited Labour Market Slowdown The Canadian economy shed 6,400 jobs in July, far weaker than the 25,000 gain that was expected. The jobless rate was 5.5%, the third consecutive monthly rise. This likely improves the chances the Bank of Canada will remain on the sidelines in September. Wage inflation, however, re-accelerated, moving back to […]
Read MoreGeneral Angela Calla 9 Aug
This month we are covering what you need to know about converting your basement into an income suite, plus we have some fun summer BBQ tips! Also, hear the economic forecast straight from our Chief Economist, Dr. Sherry Cooper! Converting Your Basement to an Income Suite With the current interest rates and economic scenarios, many […]
Read MoreGeneral Angela Calla 3 Aug
OTTAWA ─ June 28, 2022 ─ Office of the Superintendent of Financial Institutions The Office of the Superintendent of Financial Institutions (OSFI) released a new Advisory (Clarification on the Treatment of Innovative Real Estate Secured Lending Products under Guideline B-20). The Advisory complements existing expectations under Guideline B-20, which articulates OSFI’s expectations regarding underwriting practices and procedures […]
Read MoreGeneral Angela Calla 27 Jul
Dear Client, Thank you for choosing DLC – Angela Calla to prepare your application for mortgage financing. We are proud to offer a high level of service and it will be our pleasure to lead you through the process. DLC -Angela Calla maintains the highest level of integrity and we are always working in the […]
Read MoreGeneral Angela Calla 27 Jul
The Canadian mortgage market is at the precipice of an evolutionary shift as it ventures into a post-pandemic environment. With the 2023 Residential Mortgage Industry Report from the Canada Mortgage and Housing Corporation (CMHC) now available, CMHC 2023 Residential Report a roadmap has been provided for the mortgage industry moving forward, outlining crucial insights […]
Read MoreGeneral Angela Calla 25 Jul
We are seeing an increasing number of clients turn to revenue properties to supplement their monthly income in retirement. But how does that work given that reverse mortgages primarily lends on the primary residence? Client Details: 70 year old male & 70 year old female $2.4M primary residence in North Vancouver Purchasing 1 bedroom […]
Read MoreGeneral Angela Calla 24 Jul
This summer, Port Coquitlam is transforming two parks into a giant outdoor movie theatre! It’s a fun time for the kiddos and it’s all for FREE! 🎬 Jumanji: The Next Level 📅 Sat, July 29 at 9:15pm at Evergreen Park 🎬 Super Mario Bros. Movie 📅 Sun, Aug. 20: 8:45pm at Gates Park […]
Read MoreGeneral Angela Calla 24 Jul
In the ever-changing Canadian market, financial decisions can be both daunting and exhilarating. Every day, The Angela Calla Mortgage Team have the privilege of helping Canadians navigate these waters. Recently, a nurse and an engineer from Port Coquitlam experienced firsthand the benefits of taking control of their financial future by redoing their mortgage early. Through […]
Read MoreGeneral Angela Calla 24 Jul
PUBLISHED JULY 21, 2023 UPDATED JULY 22, 2023 With the Bank of Canada’s latest interest rate hike in July, life keeps getting more expensive for those with a mortgage. Angela Calla, mortgage broker at Dominion Lending Centres in Vancouver, notes that regardless of income level, having to qualify at interest rates that are […]
Read MoreGeneral Angela Calla 19 Jul
For the 2023 and subsequent taxation years, Budget 2022 introduced the Multigenerational Home Renovation Tax Credit (MHRTC), a refundable credit to assist with the cost of renovating an eligible dwelling to establish a secondary unit that enables a qualifying individual (a senior or an adult who is eligible for the disability tax credit) to live […]
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