OSFI takes focused action to reduce systemic banking system risk

General Angela Calla 30 Jun

Today, the Office of the Superintendent of Financial Institutions (OSFI) released a new Advisory (Clarification on the Treatment of Innovative Real Estate Secured Lending Products under Guideline B-20). The Advisory complements existing expectations under Guideline B-20, which articulates OSFI’s expectations regarding underwriting practices and procedures for reverse residential mortgages, residential mortgages with shared equity features and combined loan […]

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Vancouver Consumer – The Angela Calla Mortgage Team

General Angela Calla 28 Jun

Recently, Angela was interviewed on the Vancouver Consumer, hosted on CKNW 980, to talk about the current real estate market. In this 30-minute interview, Angela covers the recent rise in interest rates, why it is happening, what we can expect in the future, and what you can do to prepare yourselves to be in the […]

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How to deal with a real estate market in flux? Mortgage broker explains

General Angela Calla 27 Jun

After two years of ultra-low, pandemic-induced core lending rates, inflation in Canada is now the highest it has been in 30 years. To accommodate, the Bank of Canada is hiking those rates back up. For mortgage seekers and current borrowers, payments could be on the rise. Add in record-high home prices and a constantly changing real estate market, and […]

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Variable Rate Hike In July

General Angela Calla 22 Jun

If you have a variable rate mortgage, we wanted to connect with you prior to the next Bank of Canada meeting on July 13th. We fully anticipate a 75-basis point increase as we know it is the highest increase we have seen in decades. What this translates to is a $40 increase in monthly payments […]

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Decoding Mortgages on The Morning Buzz

General Angela Calla 21 Jun

Recently we were invited by The Morning Buzz to talk with their host, Natasha, on decoding the mortgages and the current real-estate environment. We are always very honoured to have the opportunity to bring education to Canadian listeners so that they can have the tools equipped to best navigate the ever-changing market. The interview can […]

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Summer Backyard Reno Ideas

General Angela Calla 20 Jun

With summer underway, it might be time to consider a backyard upgrade! These don’t have to be luxurious or expensive, but a couple tweaks can give your yard a facelift and make your outdoor space feel brand new! Check out my backyard renovation ideas below: Revive Your Deck: You don’t necessarily have to tear it […]

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New to Canada?

General Angela Calla 10 Jun

Canada has seen a surge of international migration over the last few years. With all these new faces in town wanting to plant roots in this great country, it’s a good time to review some of the details surrounding mortgages and how individuals new to Canada can qualify to be homeowners. Check out some details […]

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