General Angela Calla 16 Apr
Canada’s banking regulator announces cap on banks’ mortgages to highly indebted borrowers Canada’s banking regulator is capping the amount of highly leveraged loans in lenders’ residential mortgage portfolios. Last month, The Globe and Mail was the first to report the Office of the Superintendent of Financial Institutions (OSFI) had told banks they will have to limit the […]
Read MoreGeneral Angela Calla 16 Apr
As a part of our ongoing commitment to providing you with the best mortgage solutions and guidance, we are excited to invite you to an exclusive Mortgage Renewal Webinar hosted by the Angela Calla Mortgage Team. Date: May 2nd, 2024 Platform: Zoom (Link will be sent the day before airing) Renewing your mortgage is an […]
Read MoreGeneral Angela Calla 11 Apr
The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1. The Canadian Home Builders’ Association has advocated for longer amortization periods, saying five more years would help with affordability and […]
Read MoreGeneral Angela Calla 9 Apr
Today’s StatsCanada Labour Force Survey for March is much weaker than expected. Employment fell by 2,200, and the employment rate declined for the sixth consecutive month to 61.4%. Total hours worked in March were virtually unchanged but up 0.7% compared with 12 months earlier. The details were similar to the headline: as full-time jobs dipped, total hours worked fell 0.3%, and only two […]
Read MoreGeneral Angela Calla 9 Apr
As a trusted mortgage expert, I’m always looking for ways to help you make the most of your mortgage renewal. In this newsletter, I’m excited to share some valuable tips and insights that can help you navigate the renewal process with confidence and save thousands the 5 minute clip can be watched by clicking the […]
Read MoreGeneral Angela Calla 3 Apr
If there’s one word that could describe the Canadian real estate market in the past few years, it’s “rollercoaster.” First, 2020 and 2021 brought record-breaking home prices as the pandemic spurred Canadians to find a place to call their own. This demand, coupled with a low supply of homes for sale, led to an unprecedented run-up in […]
Read MoreGeneral Angela Calla 2 Apr
A heartfelt thank you to all our amazing clients and referral partners! As we mark our 20th year in the mortgage planning business, we’re deeply honored to have had the privilege of assisting you alongside our incredible team. Last year, amidst the challenges of high inflation and mortgage rates, we stood by your side, committed […]
Read MoreGeneral Angela Calla 2 Apr
Welcome to the April issue of my monthly newsletter! Spring is here! To get you ready for the season, I have included some detailed information on what you can currently expect from the housing market, plus some small reno ideas that can have a BIG impact on your home! In addition, enjoy Dr. Sherry Cooper’s […]
Read MoreGeneral Angela Calla 22 Mar
The Consumer Price Index (CPI) rose 2.8% year-over-year in February, down from the 2.9% January pace and much slower than the 3.1% expected rate. Gasoline prices rose in Canada for the first time in five months, which led many analysts to forecast a rise in February inflation as seen in the US. However, offsetting the […]
Read MoreGeneral Angela Calla 18 Mar
Critic says finance minister must do much more to protect consumers. Michelle Jeraline says she’s so stressed out by the pressure to sell customers products at TD Bank, it’s affected her health. The TD employee says she’s usually not acting in the best interest of her clients — she’s trying to sell them products that […]
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