General Angela Calla 5 Jun
We are pleased to inform you that today, the Bank of Canada reduced its target for the overnight rate by 25 basis points, bringing it down to 4.75%. This is the first interest rate cut since the tightening cycle began in March 2022. A Positive Step for Homeowners and Borrowers Although there will likely be […]
Read MoreGeneral Angela Calla 4 Jun
This month, let’s talk about how mortgage pre-approval versus pre-qualification for those potential buyers out there, PLUS some of the best home features for pets! Scroll down for all the details and have a great month. Mortgage Pre-Approval vs. Pre-Qualification Looking to buy your first home? Thinking about making a move? Whatever your goals, when […]
Read MoreGeneral Angela Calla 4 Jun
What to Know at Renewal Is your mortgage coming up for renewal this year or in 2025? Do you know about all the incredible options renewing your mortgage can afford you? If not, I have all the details here on how to make the most of your renewal! Get a Better Rate: Did you know […]
Read MoreGeneral Angela Calla 31 May
As we approach the property tax deadline, we want to remind you of the important dates and steps you need to take to ensure your property taxes are paid on time. This is particularly important for those of you who purchased a property earlier this year. Key Dates to Remember: •Property Tax Due Date: July […]
Read MoreGeneral Angela Calla 24 May
As presale closing dates approach, many clients are trying to figure out how to close on the presale they wrote on 2 years ago. If you are 55 years or older, we may be able to help. For a client purchasing a presale who no longer qualifies for enough of a mortgage on the new […]
Read MoreGeneral Angela Calla 23 May
We wanted to share some key points to consider with the expected changes ahead, particularly as we look forward to the Bank of Canada press release on June 6th. While data suggests a rate cut, it wouldn’t be a total surprise if they waited until July. When the anticipated cut occurs in the upcoming months, […]
Read MoreGeneral Angela Calla 19 Apr
The landscape for investors, both in stocks and real estate, is evolving rapidly. One of the key changes making headlines is the proposed new capital gains tax. While aimed at the wealthy, this tax reform is also set to impact the middle class. Understanding its implications and planning accordingly is crucial for investors. For real […]
Read MoreGeneral 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 More