November 2024 Newsletter

General 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 More

Bank of Canada Rate Cuts and Your Mortgage

General 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 More

Latest Bank of Canada Rate Announcement & What It Means for You

General 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 More

Newly Built Home Property Transfer Tax Exemption Amounts

General 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 More

More Good News On The Canadian Inflation Front

General 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 More

Canadian Housing Market Stuck In A Holding Pattern

General 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 […]

Read More

Globe and Mail – Reverse Mortgages

General Angela Calla 16 Oct

    You can read the full article here.   Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home […]

Read More

October 2024 Newsletter

General Angela Calla 9 Oct

Welcome to the October issue of my monthly newsletter! It’s spooky season, but thankfully with the latest Bank of Canada rate cuts, your mortgage doesn’t have to be! Find out what the decreased interest rates mean for you, plus check out my tips to alleviate your financial stress this Fall. Scroll down for all the […]

Read More