General 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 […]
Read MoreGeneral Angela Calla 5 Oct
In today’s uncertain economy, making financial decisions can be a daunting task. Have you ever found yourself or a loved one contemplating the idea of selling your home and reverting to renting? It’s a question that’s been on many Canadians’ minds lately. In this article, we’ll explore various options and strategies to help you stay […]
Read MoreGeneral Angela Calla 27 Sep
By Alyssa Davies • September 26, 2023 Homeowners and buyers in Canada have been through a lot in the past few years. So, it’s no surprise that the homebuyer sentiment for Canadians may come with feeling anxious and pressured about homeownership. Being a homeowner has been an adventure, whether it be a global pandemic, a […]
Read MoreGeneral Angela Calla 26 Sep
With Wednesday’s relief of the Bank of Canada holding rates, here is a quick segment we did on Global News if you missed it (watch here). Our hope is that with this pause we will also see a little bit of relief with fixed rates in upcoming weeks, before we evaluate what the Banks of […]
Read MoreGeneral Angela Calla 26 Sep
Apply for a partial premium refund of 25% if you’re CMHC insured and working on energy efficient renovations to your recently purchased home. CMHC Eco Improvement aims to reduce the environmental impact of housing by supporting energy-efficient improvements. Apply for a 25% partial premium refund if you’re insured with CMHC and you’re spending at least […]
Read MoreGeneral Angela Calla 20 Sep
Often times we get calls or emails from those who are disappointed …they spoke to the bank directly on what options are available to make a home or investment property purchase. Let’s take a look at “why” this happens ( more of a breakdown in my book for purchase here) Every Bank in Canada only […]
Read MoreGeneral Angela Calla 20 Sep
Beware of Tempting Rates! 🚫💰 Some rates seem too good to be true, and they often are. 😲 Lenders may offer specials, but you’ll lose important mortgage terms and conditions. The bona-fide sales clause locks you with the lender until your term ends (ex. the whole 5 years), limiting your options. They may also restrict […]
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