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 […]

When inflation goes up, the value of your money goes down. Inflation is like a dripping tap. It may look like barely any water is coming out. But it’s amazing how it adds up over time. Say you put $50K under your mattress tonight. If inflation averages 3% per year – and you raid your […]

Dr. Tracy Thomas has built a career out of coaching celebrities, CEOs, professional athletes, and other high-performing individuals. The psychologist and author, who started her coaching business 12 years ago, earned over $1 million just in 2021 alone. She’s also built a seven-figure net worth, thanks to high earnings coupled with consistent saving and investing. Insider […]

Today’s Labour Force Survey (LFS) for January was much stronger than expected, once again calling into question how long the Bank of Canada’s rate pause will last. This report showed no evidence that the labour market is slowing in response to the vast and rapid runup in interest rates.  Employment surged by 150,000–ten times more than […]