General Angela Calla 21 Nov
Let us help you take control of your finances! Depending on the type of debt you hold, refinancing your mortgage to consolidate debt may be a smart financial move and here’s why: Lower Interest Rates allow you to replace high interest debts (like credit cards) with a single lower interest mortgage loan payment. Simplified Payments as all […]
Read MoreGeneral Angela Calla 19 Nov
A First Home Savings Account (FHSA) is a powerful tool to help you save for your first home while enjoying tax benefits. Here’s what you need to know about contributing, tracking, and maximizing your FHSA participation. Contribution Basics Year One Contribution Room: When you open your first FHSA, you can contribute up to $8,000 in […]
Read MoreGeneral Angela Calla 5 Nov
Welcome to the November issue of my monthly newsletter! This month, I wanted to highlight some tips around refinancing your mortgage and considerations to make at renewal time! Plus, with the holidays just around the corner, I have included some of my favourite DiY gifting ideas to help get you started! Scroll down for all […]
Read MoreGeneral Angela Calla 5 Nov
The youngest homeowners typically have a net worth at least 10 times that of renters in the same age cohort, and the gap widens to almost 30 times for those nearing retirement age. The numbers released Tuesday from the Statistics Canada Survey of Financial Security highlight why many Canadians believe home ownership is the surest path to […]
Read MoreGeneral Angela Calla 28 Oct
Exciting times ahead in the world of mortgages! On Global News this past week, I discussed how VRM (Variable Rate Mortgage) holders can benefit from the recent rate cuts and how it compares to an ARM (Adjustable Rate Mortgage). With so many details affecting the cost of borrowing, understanding the terms of your mortgage is […]
Read MoreGeneral Angela Calla 23 Oct
This morning, the Bank of Canada made its highly anticipated announcement, confirming a 50 basis point decrease in interest rates. Bank Prime is expected to follow from its current 6.45% down to 5.95% for most banks. We are here to explain exactly what this means for you and how you can benefit from these changes. How […]
Read MoreGeneral Angela Calla 21 Oct
The newly built home exemption reduces or eliminates the property transfer tax on qualifying purchases of a principal residence. Full exemption: Effective April 1, 2024, the fair market value threshold for a full exemption for newly built homes is increased from $750,000 to $1,100,000. Partial exemption: A partial exemption is also available for properties with fair market […]
Read MoreGeneral Angela Calla 21 Oct
As you may have heard, there’s a strong forecast that the Bank of Canada may decrease rates by as much as 50 basis points. But that’s not the only good news for homeowners and buyers! Recent federal changes to mortgage policies are also opening new doors for Canadians across the board. How do these changes […]
Read MoreGeneral Angela Calla 17 Oct
The Consumer Price Index (CPI) rose 1.6% year over year in September, the slowest pace since February 2021 and down from a 2.0% gain in August 2024. The main contributor to headline deceleration was lower year-over-year gasoline prices in September (-10.7%) compared with August (-5.1%). The all-items CPI, excluding gasoline, rose 2.2% in September, matching the increase […]
Read MoreGeneral Angela Calla 17 Oct
Following the Bank of Canada’s third interest rate cut of the year, national home sales increased slightly in September compared to August. This follows a similar pattern of gains recorded in the months following the first two rate cuts. Home sales recorded over Canadian MLS® Systems climbed 1.9% month-over-month in September 2024, reaching their highest […]
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