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 MoreGeneral 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 MoreGeneral 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 MoreGeneral Angela Calla 21 Oct
As you may have heard, there’s a strong forecast that the Bank of Canada may decrease rates by as much as 50 basis points. But that’s not the only good news for homeowners and buyers! Recent federal changes to mortgage policies are also opening new doors for Canadians across the board. How do these changes […]
Read MoreGeneral 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 MoreGeneral 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 MoreGeneral 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 MoreGeneral 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 MoreGeneral Angela Calla 8 Oct
Deputy Prime Minister announces new actions to build secondary suites and unlock vacant lands to build more homes News release October 8, 2024 – Ottawa, Ontario – Department of Finance Canada Across Canada, too many properties are underused or vacant—from unused basements, to empty office towers, to vacant lots—and could be used […]
Read MoreGeneral Angela Calla 7 Oct
Navigating your clients through change to assist with homeownership goals Recent changes in the housing market present exciting opportunities for homebuyers. As a realtor, your role is crucial in guiding clients through these updates, helping them build effective plans to achieve their homeownership goals by having them reach out to a mortgage broker to see […]
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