General Angela Calla 5 Mar
Are you getting prepared to do your income taxes? If you are a renter and make under $80,000 there is a tax credit waiting for you. The nitty gritty is that if you make less than $60,000 you will get a $400 tax credit by filling out Form BC479 2023. This is the same form […]
Read MoreGeneral Angela Calla 22 Feb
Property transfer tax exemptions While the province is aiming a new tax at would-be speculators, it’s also unveiling a tax break for first-time homebuyers and rental housing developers. As of April 1, 2024, the threshold for the exemption to the property transfer tax for first-time homebuyers is being lifted from properties costing half a million […]
Read MoreGeneral Angela Calla 21 Feb
As the economic landscape continues to shift and evolve, mortgage renewals present both an opportunity and a challenge for homeowners. With inflation down and the possibility of reduced rates in prime this June, there’s never been a better time to take control of your mortgage renewal. With over 3 million renewals expected over the next […]
Read MoreGeneral Angela Calla 25 Jan
As a valued member of our community, we want to ensure that you make informed decisions when it comes to purchasing presale properties in British Columbia. Buying a presale property can be an exciting investment opportunity, but it’s crucial to navigate the process wisely to avoid potential pitfalls. In this article, we’ll outline some common […]
Read MoreGeneral Angela Calla 24 Jan
With tax season around the corner, we wanted to get this in your hands, being committed to your financial success. Key Points: Potential Tax-Deductible Mortgage Interest: Your mortgage statements are enroute in the mail or on your online portal with your lender. Consult with a tax specialist and financial advisor to unveil potential deductions, reducing […]
Read MoreGeneral Angela Calla 24 Jan
The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian economy, with inflation falling […]
Read MoreGeneral Angela Calla 24 Jan
Bank of Canada Press Release The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth continues to slow, with inflation easing gradually across most economies. While growth […]
Read MoreGeneral Angela Calla 23 Jan
As part of our commitment to keeping you informed about mortgage options, we wanted to share important insights on Adjustable-Rate Mortgages (ARMs) and how they compare to other mortgage types. Below is a summary of key points for your consideration: What You Should Know: ARMs have an interest rate and payment amount that can change. […]
Read MoreGeneral Angela Calla 23 Jan
In the ever-evolving landscape of Canadian mortgages, understanding the factors that influence interest rates is crucial for homeowners making decisions about their financial future. One of the key distinctions lies in the basis for fixed interest rates, which are tied to the bond market, while variable and adjustable rates are influenced by the Bank of […]
Read MoreGeneral Angela Calla 23 Jan
With inflation on the rise in December, the Bank of Canada is expected to maintain its Prime Rate next Wednesday, offering no immediate signs of a decrease. Wondering when rates will go down? I recently contributed to a Zolo article, simplifying this complex topic. To understand when the prime rate might drop, keep an eye on […]
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