General Angela Calla 27 Jul
The Canadian mortgage market is at the precipice of an evolutionary shift as it ventures into a post-pandemic environment. With the 2023 Residential Mortgage Industry Report from the Canada Mortgage and Housing Corporation (CMHC) now available, CMHC 2023 Residential Report a roadmap has been provided for the mortgage industry moving forward, outlining crucial insights […]
Read MoreGeneral Angela Calla 25 Jul
We are seeing an increasing number of clients turn to revenue properties to supplement their monthly income in retirement. But how does that work given that reverse mortgages primarily lends on the primary residence? Client Details: 70 year old male & 70 year old female $2.4M primary residence in North Vancouver Purchasing 1 bedroom […]
Read MoreGeneral Angela Calla 24 Jul
This summer, Port Coquitlam is transforming two parks into a giant outdoor movie theatre! It’s a fun time for the kiddos and it’s all for FREE! 🎬 Jumanji: The Next Level 📅 Sat, July 29 at 9:15pm at Evergreen Park 🎬 Super Mario Bros. Movie 📅 Sun, Aug. 20: 8:45pm at Gates Park […]
Read MoreGeneral Angela Calla 24 Jul
In the ever-changing Canadian market, financial decisions can be both daunting and exhilarating. Every day, The Angela Calla Mortgage Team have the privilege of helping Canadians navigate these waters. Recently, a nurse and an engineer from Port Coquitlam experienced firsthand the benefits of taking control of their financial future by redoing their mortgage early. Through […]
Read MoreGeneral Angela Calla 24 Jul
PUBLISHED JULY 21, 2023 UPDATED JULY 22, 2023 With the Bank of Canada’s latest interest rate hike in July, life keeps getting more expensive for those with a mortgage. Angela Calla, mortgage broker at Dominion Lending Centres in Vancouver, notes that regardless of income level, having to qualify at interest rates that are […]
Read MoreGeneral Angela Calla 19 Jul
For the 2023 and subsequent taxation years, Budget 2022 introduced the Multigenerational Home Renovation Tax Credit (MHRTC), a refundable credit to assist with the cost of renovating an eligible dwelling to establish a secondary unit that enables a qualifying individual (a senior or an adult who is eligible for the disability tax credit) to live […]
Read MoreGeneral Angela Calla 19 Jul
Canadian Inflation Falls Within Bank of Canada’s Target Range; Food and Shelter Costs Remain High June inflation data released today by Statistics Canada showed that the Consumer Price Index (CPI) rose 2.8% year-over-year (y/y), slightly below expectations. This was the lowest CPI reading since February 2022. The decline in inflation was mainly due to lower energy prices, […]
Read MoreGeneral Angela Calla 13 Jul
Interest Rates Will Stay Higher For Longer The Bank of Canada increased the overnight policy rate by 25 basis points this morning to 5.0%, its highest level since March 2001. Never before has a policy action been so widely expected. Still, the Bank’s detailed outlook in the July Monetary Policy Report (MPR) suggests stronger growth and […]
Read MoreGeneral Angela Calla 13 Jul
Its been a stressful week for many with the increase in interest rates. Here is a segment we did with the CBC National that discusses some the strategies that can help you navigate these current times. If you are up for mortgage renewal, or trying to plan for your future in these times. Click here […]
Read MoreGeneral Angela Calla 13 Jul
B.C. Premier David Eby said the Bank of Canada interest rate rise Wednesday is “devastating news” for families that have debt. “They borrowed money for various reasons to get through,” he said at the annual premier’s meeting in Winnipeg. “A lot of businesses in British Columbia borrowed money to get through the pandemic. They’re struggling under the weight of […]
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