General Angela Calla 24 May
As presale closing dates approach, many clients are trying to figure out how to close on the presale they wrote on 2 years ago. If you are 55 years or older, we may be able to help. For a client purchasing a presale who no longer qualifies for enough of a mortgage on the new […]
Read MoreGeneral Angela Calla 23 May
We wanted to share some key points to consider with the expected changes ahead, particularly as we look forward to the Bank of Canada press release on June 6th. While data suggests a rate cut, it wouldn’t be a total surprise if they waited until July. When the anticipated cut occurs in the upcoming months, […]
Read MoreGeneral Angela Calla 19 Apr
The landscape for investors, both in stocks and real estate, is evolving rapidly. One of the key changes making headlines is the proposed new capital gains tax. While aimed at the wealthy, this tax reform is also set to impact the middle class. Understanding its implications and planning accordingly is crucial for investors. For real […]
Read MoreGeneral Angela Calla 16 Apr
Canada’s banking regulator announces cap on banks’ mortgages to highly indebted borrowers Canada’s banking regulator is capping the amount of highly leveraged loans in lenders’ residential mortgage portfolios. Last month, The Globe and Mail was the first to report the Office of the Superintendent of Financial Institutions (OSFI) had told banks they will have to limit the […]
Read MoreGeneral Angela Calla 16 Apr
As a part of our ongoing commitment to providing you with the best mortgage solutions and guidance, we are excited to invite you to an exclusive Mortgage Renewal Webinar hosted by the Angela Calla Mortgage Team. Date: May 2nd, 2024 Platform: Zoom (Link will be sent the day before airing) Renewing your mortgage is an […]
Read MoreGeneral Angela Calla 11 Apr
The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1. The Canadian Home Builders’ Association has advocated for longer amortization periods, saying five more years would help with affordability and […]
Read MoreGeneral Angela Calla 9 Apr
Today’s StatsCanada Labour Force Survey for March is much weaker than expected. Employment fell by 2,200, and the employment rate declined for the sixth consecutive month to 61.4%. Total hours worked in March were virtually unchanged but up 0.7% compared with 12 months earlier. The details were similar to the headline: as full-time jobs dipped, total hours worked fell 0.3%, and only two […]
Read MoreGeneral Angela Calla 9 Apr
As a trusted mortgage expert, I’m always looking for ways to help you make the most of your mortgage renewal. In this newsletter, I’m excited to share some valuable tips and insights that can help you navigate the renewal process with confidence and save thousands the 5 minute clip can be watched by clicking the […]
Read MoreGeneral Angela Calla 3 Apr
If there’s one word that could describe the Canadian real estate market in the past few years, it’s “rollercoaster.” First, 2020 and 2021 brought record-breaking home prices as the pandemic spurred Canadians to find a place to call their own. This demand, coupled with a low supply of homes for sale, led to an unprecedented run-up in […]
Read MoreGeneral Angela Calla 2 Apr
A heartfelt thank you to all our amazing clients and referral partners! As we mark our 20th year in the mortgage planning business, we’re deeply honored to have had the privilege of assisting you alongside our incredible team. Last year, amidst the challenges of high inflation and mortgage rates, we stood by your side, committed […]
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