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 […]
Read MoreGeneral Angela Calla 16 Dec
As we approach a new year, there are always a few things to keep in mind when it comes to our mortgage. We have put together a few considerations to keep at the forefront of the ever-changing market. Sliding Scale With home prices surging all over the country you may be surprised to learn that […]
Read MoreGeneral Angela Calla 16 Dec
Finance Minister Chrystia Freeland extolled the performance of the Canadian economy in response to the extraordinary support provided by the federal fiscal authorities and the Bank of Canada in the past 21 months. The economic recovery has been the second strongest in the g-7, and the death rate from Covid-19 was the second-lowest. Emergency spending […]
Read MoreGeneral Angela Calla 15 Dec
With a new year approaching it’s very common to consider a home purchase. Some of us may feel unsure of where to start, or how to set up a plan. I’m here to let you know, wherever you are today, that we can help. Help ensure that you have the best resources to achieve your […]
Read MoreGeneral Angela Calla 14 Dec
Bank of Canada Leaves Expectations For 2022 Rate Hikes Intact The Bank of Canada decided to keep its target for the overnight rate at 0.25%, in line with forecasts and to maintain its forward guidance, which sees a rise in the overnight rate sometime in the middle quarters of 2022. Until then, policymakers vowed to […]
Read MoreGeneral Angela Calla 14 Dec
This is a fairly well-balanced article on Reverse Mortgages that is worth the read if you are a homeowner within 10 years of retirement, are in retirement, OR have parents that are retired already. What is missing from this article (and most that I see on the subject) are two important considerations I have gleaned […]
Read MoreGeneral Angela Calla 8 Dec
Good Afternoon, We hope this finds you safe and healthy in these early days of December. At The Angela Calla Mortgage Team, we are always looking for ways to help you review options to save you money and increase monthly cashflow. I was asked recently to contribute to an article for MoneySense magazine and I […]
Read MoreGeneral Angela Calla 8 Dec
The Bank of Canada made its eighth and final (scheduled) interest rate decision of the year and for the eighth time, left its overnight benchmark unchanged at 0.25%. As a result, the Bank Rate stays at 0.5%. These low rates have been a feature of monetary policy since March 2020 with the initial pandemic lockdown […]
Read MoreGeneral Angela Calla 6 Dec
When it comes to the holidays, buying gifts can be overwhelming and expensive. Fortunately, it isn’t the only option! If you have some extra time and talent, do-it-yourself gifts are a wonderful way to make your friends and family feel cherished. Thankfully, you don’t have to be a pro-level crafter to make someone a nice […]
Read MoreGeneral Angela Calla 6 Dec
While you might think selling your home in winter is harder, with the right considerations it doesn’t have to be! When selling your home during warmer months, the focus is typically on curb appeal and gardening, as well as having bright colors and patterns to draw out different rooms. While curb appeal should not be […]
Read More