Purchasing Then vs. Now

General Angela Calla 7 Mar

Within the last year, BC’s housing market has undergone numerous changes and adjustments. The image above compares some key figures from a year ago to now. This can be crucial for one looking to buy their first home and what they can expect regarding rates, payments, and what direction the trend in the market is […]

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Mortgages 101: What is Canada’s stress test?

General Angela Calla 23 Feb

Buying a home is the largest purchase most Canadians will make – and as of mid-2022 it became even more expensive, with rising interest rates driving up the cost of borrowing. Canada’s mortgage stress test has played a large role in that as well, by requiring buyers to prove they can manage rates well above what lenders are offering. […]

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Canadian Inflation Slows in January Assuring a Rate Pause at March 8 BOC Meeting

General Angela Calla 23 Feb

FURTHER DECLINE IN INFLATION IN JANUARY AFFIRMS BANK OF CANADA PAUSE IN MARCH Canadian inflation decelerated meaningfully in January despite the continued strength in the economy. Labour markets remain very tight, and retail sales continue strong. Nevertheless, the Bank of Canada’s jumbo rate hikes over the past eleven months have tempered inflation from a June […]

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Is now a good time to buy? Yes it it!

General Angela Calla 23 Feb

The market has rebalanced meaning: You can put less down Have a lower purchase price Have more of the balance paid off There is so much more to look at than the rate, you can always refinance later when rates go down. Rent the rate, not the house 🏡 👍If you are working full time […]

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The pros and pitfalls of buying pre sales property

General Angela Calla 17 Feb

We were interviewed by the Steele and Vance show recently to speak on the Coromandel $700 million credit protection development. This was no doubt a result of the current economic climate and a sign of caution moving forward with pre-sale homes and the development of housing in the Lower Mainland as a whole. Here is […]

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RSP Contribution Deadline – March 1st

General Angela Calla 16 Feb

Big hello from the Angela Calla Team! We wanted to give a quick reminder that March 1st is the to contribute to your RSPs. This is significant because of the potential tax benefits you can get, based on your income bracket, such as reducing your overall taxable income or even seeing a tax refund. In […]

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