Understanding Mortgage Pre-Approval: Your Key to a Successful Home Purchase

General Angela Calla 19 Dec

Embarking on the journey to homeownership is an exhilarating experience, but it comes with its fair share of financial considerations. One crucial step that can significantly enhance your homebuying journey is obtaining a mortgage pre-approval. In this guide, we’ll demystify the mortgage pre-approval process in Canada, highlighting its importance, providing insights on how to get […]

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Demystifying Canadian Mortgage Rates: A Comprehensive Guide

General Angela Calla 19 Dec

Decoding the Factors Behind Canadian Mortgage Rates Economic Factors: Mortgage rates in Canada are closely tied to the economic landscape. Factors such as inflation rates, unemployment figures, and overall economic health play a pivotal role. The Bank of Canada monitors these indicators to make decisions on the country’s benchmark interest rate, influencing mortgage rates. Fixed […]

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First-Time Homebuyer’s Guide: Navigating the Canadian Real Estate Landscape

General Angela Calla 19 Dec

Embarking on the journey to homeownership is an exciting and significant step. For first-time homebuyers in Canada, navigating the real estate landscape can be both thrilling and daunting. In this comprehensive guide, we’ll provide a roadmap tailored to first-time buyers, covering crucial topics such as down payments, government incentives, and homebuyer programs. This guide aims […]

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Canadian Housing Markets Bottoming

General Angela Calla 14 Dec

Housing Markets Prepare For A 2024 Rebound Before we get into the details of the November housing market data released this morning by the Canadian Real Estate Association (CREA), big positive news for housing occurred yesterday. The US Federal Reserve gave its clearest signal yet that its historic policy tightening campaign is over by projecting […]

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December Newsletter

General Angela Calla 7 Dec

Welcome to the December issue of my monthly newsletter! As we get closer to the end of the year, we have some special New Year resolutions for your home! Plus, check out some of my favourite holiday desserts. In addition, don’t miss the latest economic insights direct from Dr. Sherry Cooper! New Year Resolutions for […]

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Difference between Adjustable Rate Mortgage and Variable Rate Mortgage

General Angela Calla 4 Dec

Do you know the difference between an ARM and VRM mortgage? An ARM (Adjustable Rate Mortgage) changes your payments when the prime rate moves, offering potential cash flow benefits when rates go down. On the other hand, VRM (Variable Rate Mortgage) maintains fixed payments despite changes in the prime rate, keeping your payments stable throughout […]

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Canadian Employment Gains Stronger than Expected in November, While Unemployment Rose and Hours Worked Fell

General Angela Calla 1 Dec

Jobless Rates Hits 22-Month High–Led by Losses in Finance and Real Estate Employment Today’s StatsCanada Labour Force Survey for November was a mixed bag. Total employment gains were stronger than expected. However, the rising unemployment rate and drop in hours worked were signs of mounting economic weakness, especially in the financial and real estate sectors. […]

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Q3 GDP Weaker Than Expected Paving The Way For Future Rate Cuts

General Angela Calla 30 Nov

The Table Is Set For Rate Cuts In 2024 The Canadian economy weakened far more than expected in the third quarter, down 1.1% annually. However, the Q2 figures were revised up significantly from a 0.2% decline to a rise of 1.4%. Such are the vagaries of economic data. The Canadian economy is contracting despite the […]

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Reverse Mortgage as a Retirement Tool

General Angela Calla 28 Nov

Reverse Mortgage is a valuable retirement tool. You want to stay in the home you worked so hard to pay for, the home you raised your family in. You are not ready to move to a retirement home. You could use additional funds to: –      Pay off debts –      Handle unexpected expenses –      Help children […]

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