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 […]

BAD NEWS IS GOOD NEWS FOR THE BANK OF CANADA Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of 2022 this morning, showing a marked slowdown in economic activity. This will undoubtedly keep the central bank on the sidelines when they announce their decision on March 8. The Bank […]

It’s now a little easier to buy your first home in Canada and this is how. Starting April 1st 2023 eligible homebuyers can open a first home savings account make sure you read to the end because there is a super important planning strategy that most don’t know about. You can save up to $8000 […]

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. […]

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 […]

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 […]

New mortgage data is offering a snapshot of where B.C. homeowners are getting their first foot into homeownership and how recent interest rate hikes are weighing down younger people more than others. “It just tells you that these very, very substantial interest rate increases disproportionately affect the people who are struggling the most to begin […]

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 […]

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 […]

We were recently invited on the Jill Bennett show to discuss the recent news that Coromandel Properties, a major housing developer in Vancouver, is seeking creditor protection for over $700 million. There are a few things to note about this recent development. However, what is most important to understand about this situation, and even all […]