Bank of Canada Announcement – January 2022

General Angela Calla 24 Jan

The Bank of Canada has made their announcement today to keep interest rates the same. However, it is likely that the rate will increase in the next announcement in March and most certainly this year overall. This is largely in part because of the lower economic activity during the pandemic, we are still below pre-pandemic numbers. […]

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Home Owner Grant Helps People with Property Taxes

General Angela Calla 13 Jan

B.C.’s Home Owner Grant threshold is set at $1.975 million for 2022, ensuring 92% of residential properties are covered by the grant that lowers the amount of property taxes people pay on their principal residence. Homeowners in Metro Vancouver and the Fraser Valley and Capital Regional districts may be eligible for as much as $570 for […]

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Improving Your Financial Decision

General Angela Calla 12 Jan

Make 2022 the year of finance by improving your financial direction from the start! Even if you are living paycheck-to-paycheck, a few changes to the way you spend and look at money can make all the difference. It’s never too late to start again and reverse course! Here are a few simple ideas to get […]

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CMP Women of Influence 2021

General Angela Calla 7 Jan

Every year at Canadian Mortgage Professionals (CMP), a list is released distinguishing the top women in the mortgage industry in Canada. For the Women of Influence 2021 list, we see Angela among the 82 women ultimately selected out of the total nomination pool of 340.  Throughout a barnstorming year for the Canadian mortgage industry – […]

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January 2022 Mortgage Update

General Angela Calla 6 Jan

Happy New Year from the Angela Calla Mortgage Team! As we move into 2022, we wish for you and your loved ones everything you can dream of for the year ahead. We wanted to bring you an update on what you can expect in the next couple of months. You likely have already received your […]

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Housing Market Predictions?

General Angela Calla 6 Jan

According to the 2022 Canadian Housing Market Outlook Report from RE/MAX, steady growth is anticipated across the Canadian real estate landscape into 2022. While Canadians continue to recognize the value and investment potential of their home, market challenges (such as rising prices and limited supply) maintain their impact on local markets. It is estimated that […]

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Canadian Homebuyers Trying to Beat Rate Hikes

Latest News Angela Calla 21 Dec

Housing Demand Outpaces Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.6% in November following the whopping 8.6% surge the month before. Sales could have been higher had it not been for the limited supply of homes for sale. Homebuyers are anxious to finalize purchases before the Bank of Canada hikes […]

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OSFI confirms Minimum Qualifying Rate for uninsured mortgages

General Angela Calla 20 Dec

OTTAWA ─ December 17, 2021 ─ Office of the Superintendent of Financial Institutions Today, the Office of the Superintendent of Financial Institutions (OSFI) confirmed that the minimum qualifying rate for uninsured mortgages will remain the greater of the mortgage contract rate plus 2 percent or 5.25 percent. In an environment characterized by increased household indebtedness and […]

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