General Angela Calla 16 Apr
Bank of Canada Holds Rates Steady In The Face Of Tariff Uncertainty–More Rate Cuts Coming The Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, as expected by half of the market, to mark the first hold following 225 basis points of cuts in seven consecutive decisions. The governing council noted […]
Read MoreGeneral Angela Calla 16 Apr
When purchasing real estate, most people assume they’re buying the land and the home together. That’s called fee simple ownership, and it’s the most common form of property ownership in Canada. However, in some areas—especially near waterfronts, on First Nations land, or in resort communities—you might come across homes built on leased land. So what […]
Read MoreGeneral Angela Calla 16 Apr
Weaker Than Expected Inflation May Not Be Enough to Trigger Another Bank of Canada Rate Cut Canadian consumer prices rose 0.3% in March (or remained flat when seasonally adjusted), which was lower than expected, reducing the annual inflation rate by 0.3 percentage points to 2.3%. This decrease in headline inflation followed the complete removal of […]
Read MoreGeneral Angela Calla 1 Apr
Welcome to the February issue of my monthly newsletter! This month, I have all the details for you around second mortgages and understanding if they are right for you! Plus, scroll down for some spring-cleaning tips as we start to shake off the winter dust! Understanding Second Mortgages: Are They Right for You? One of […]
Read MoreGeneral Angela Calla 1 Apr
Welcome to the April issue of my monthly newsletter! Spring has sprung for most Canadians (sorry about your luck Alberta) and along with the ever-present trusted mortgage content, this month I have some gardening inspo for anyone that wants to flex their green thumb this year. Enjoy! Variable-Rate Mortgages: What You Should Know Shakespeare might […]
Read MoreGeneral Angela Calla 24 Mar
Canadian Inflation Edged Upward to 1.9% Y/Y in January In January, the Consumer Price Index (CPI) rose by 1.9% year over year (y/y), up from 1.8% in December. This rise was primarily due to an uptick in energy prices. Excluding gasoline, the CPI increased by 1.7% in January, down from 1.8% in December. Higher […]
Read MoreGeneral Angela Calla 24 Mar
Canada Finished 2024 on a Stronger Note, But Tariffs Remain a Concern This morning, Statistics Canada released the GDP data for the final quarter of last year, showing a stronger-than-expected increase in household final consumption spending, exports, and business investment. However, drawdowns of business inventories and higher imports tempered the overall growth. In Q4, the […]
Read MoreGeneral Angela Calla 21 Mar
Canadian Inflation Surged to 2.6% in February, Much Stronger Than Expected The Consumer Price Index (CPI) rose 2.6% year-over-year (y/y) in February, following an increase of 1.9% in January. With the federal tax break ending on February 15, the GST and HST were reapplied to eligible products. This put upward pressure on consumer prices for those items, as taxes paid by consumers […]
Read MoreGeneral Angela Calla 18 Mar
As the Spring season approaches, I have some updates for how to prepare your finances for the coming homebuying season. Plus, check out my fraud awareness tips as March is Fraud Awareness Month! Spring Forward: Preparing Your Finances for the Home-Buying Season Spring is one of the busiest seasons in the real estate market, with […]
Read MoreGeneral Angela Calla 18 Mar
The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 2.75%, within the neutral range of 2.25%—2.75%. Tariff tremors have already led to a decline in consumer confidence and spending, a weakening labour market, and a decline in business investment. Compound that with falling […]
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