General Angela Calla 17 Sep
More Good News On The Canadian Inflation Front The Consumer Price Index (CPI) rose 2.0% year over year in August, the slowest pace since February 2021, and down from a 2.5% gain in July 2024. core inflation measures averaged 2.35% y/y and excluding mortgage interest, headline inflation was a mere 1.2%– well below the Bank’s […]
Read MoreGeneral Angela Calla 16 Sep
Exciting News to Help Homebuyers and Those up For Renewal Annouced This Morning, Top Points from Today’s Mortgage Changes Announcement: Higher Price Cap for Insured Mortgages: Starting December 15, 2024, homebuyers can purchase properties up to $1.5 million with less than a 20% down payment. This adjustment allows more homes to qualify for insured mortgages, […]
Read MoreGeneral Angela Calla 12 Aug
Weaker-Than-Expected July Jobs Report Keeps BoC Rate Cuts In-Play Canadian employment data, released today by Statistics Canada, showed a continued slowdown, which historically would have been a harbinger of recession. This cycle, immigration has augmented the growth of the labour force and consumer spending, forestalling a significant economic downturn. Employment declined again in July, down […]
Read MoreGeneral Angela Calla 24 Jul
We hope you are enjoying summer. We are pleased to share some positive news regarding the recent Bank of Canada rate announcement this morning. Prime Rate has decreased which will impact Adjustable Rate Mortgages (ARM’s) and Lines or Credit by approx. $13 dollars per $100k, while working to reduce the amortization of Variable Rate Mortgage […]
Read MoreGeneral Angela Calla 10 Jul
Myth: There will be nothing left for my kids if I take a Reverse Mortgage “I have kids so I don’t want to leave nothing for them”. I hear this and it’s not an accurate statement. A reverse mortgage is not only suitable for people without kids or for those not concerned with passing anything […]
Read MoreGeneral Angela Calla 2 Jul
Welcome to the July issue of my monthly newsletter! Things are starting to heat up as we head into July! For those first-time buyers looking to purchase a home, I have all the details for you below! For those other homeowners hoping to stay cool and enjoy their spaces this season, scroll down for tips […]
Read MoreGeneral Angela Calla 25 Jun
Canadian Inflation Rose In May, Surprising Markets Inflation unexpectedly rose in May, disappointing the Bank of Canada as it deliberates the possibility of another rate cut next month. The Consumer Price Index (CPI) rose 2.9% in May from a year ago, up from a 2.7% reading in April. This increase primarily reflects higher prices for […]
Read MoreGeneral Angela Calla 21 Jun
Port Moody Welcomes Back the Terry Fox Run on September 15th, 2024 After a long hiatus due to the COVID-19 pandemic, the beloved Terry Fox Run is making its triumphant return to Port Moody on September 15th, 2024. This cherished event, which brings together residents and businesses in a spirit of community and philanthropy, has […]
Read MoreGeneral Angela Calla 6 Jun
Angela Calla appeared on CBC National News yesterday to discuss the Bank of Canada’s recent rate decrease and its impact for homeowners and homebuyers. The 11 minute interview we believe is a must watch for anyone who is up for renewal, or considering a home purchase. Topics we cover include Understanding the Rate Decrease Different […]
Read MoreGeneral Angela Calla 5 Jun
We are pleased to inform you that today, the Bank of Canada reduced its target for the overnight rate by 25 basis points, bringing it down to 4.75%. This is the first interest rate cut since the tightening cycle began in March 2022. A Positive Step for Homeowners and Borrowers Although there will likely be […]
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