Mortgage broker Angela Calla advises her clients to tread carefully when buying property with a friend. A lot can change over the years of a friendship, particularly when new romantic partners come into the picture and alter someone’s financial priorities. The advice comes from a place of experience – Ms. Calla and a friend went […]

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 […]

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 […]

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 […]

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 […]

Recently, Angela was invited onto the Stress Test, a podcast hosted by the Globe and Mail, to answer some questions about everything one would need to know about mortgages in the current market. Here is what she said: Pre-approvals, why do I need one and at what point should I get it? “They’re critical. If […]

The housing market continues to favour sellers as we move into the summer months. If you’re thinking of selling, this is a great time to do so! Not only will your home likely be listed on the market for a shorter period of time, but most sellers are currently receiving multiple offers on their sale. […]

Another Jumbo Rate Hike, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic pandemic rate cuts in the […]

Here at the Angela Calla Mortgage Team, we recognize the value of caring for our senior loved ones. In recognition of Personal Support Workers Day, we wanted to share this new award from our partners at HomeEquity Bank that highlights those who see to the care of some of the most vulnerable in our community. […]

Mortgages are required to qualify based on the stress test (the higher of 5.25% or your actual contract rate + 2%). Fixed rates are over 4%, putting the stress test at over 6%. Many people opt for variables as rates can be as low as 2.3% allowing them to qualify using 5.25% increasing the maximum […]