General Angela Calla 10 Dec
Top 5 Mortgage Rule Changes in British Columbia 1. Increase in Insured Mortgage Cap: Effective December 15, 2024, the federal government is raising the insured mortgage price cap from $1 million to $1.5 million. This change allows buyers in high-cost markets like Vancouver to purchase homes up to $1.5 million with a down payment as […]
Read MoreGeneral Angela Calla 10 Dec
New Rules Recap As you may already know, we have some great new rules coming into effect on December 15th. Want a quick recap? Here you go: 30yr amortizations: All buyers of newly built properties can have a 30yr amortization on an insured mortgage First time home buyers can take advantage of a 30yr amortization […]
Read MoreGeneral Angela Calla 10 Dec
The Surge In Canadian Unemployment Keeps Another Jumbo Rate Cut In Play In December Before the release of today’s Canadian Labour Force Data, the odds favoured a 25 basis point drop in the overnight policy rate when the Bank of Canada meets again on December 11th. The data showed more substantial than expected job creation, […]
Read MoreGeneral Angela Calla 3 Dec
Welcome to the December issue of my monthly newsletter! As the end of the year approaches, I wanted to have one more check-in with you and provide some final tips for 2024! Scroll down and check out my favourite home and finance resolutions, along with some tips for decluttering your home in preparation for 2025. […]
Read MoreGeneral Angela Calla 28 Nov
I’d like to share some important information about reverse mortgages, a financial tool that is often misunderstood but can provide incredible benefits for Canadian homeowners aged 55 and older. There’s a lot of misinformation surrounding reverse mortgages, so let’s set the record straight: Myth: The bank will own my home. Truth: You remain the homeowner and keep the […]
Read MoreGeneral Angela Calla 27 Nov
The federal government’s new immigration levels plan will stabilize population growth and relieve pressure on the housing market, Immigration Minister Marc Miller said Thursday. As CBC News reported Wednesday, the government is cutting the projected number of new permanent residents from 485,000 this year to 395,000 in 2025, with further cuts to 380,000 in 2026 and […]
Read MoreGeneral Angela Calla 27 Nov
October Inflation Rose to 2.0% As Gasoline Price Declines Were More Muted The Consumer Price Index (CPI) rose 2.0% year-over-year in October, up from a 1.6% increase in September. Gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%). The all-items CPI, excluding gasoline, rose 2.2% in October, the same growth […]
Read MoreGeneral Angela Calla 21 Nov
Let us help you take control of your finances! Depending on the type of debt you hold, refinancing your mortgage to consolidate debt may be a smart financial move and here’s why: Lower Interest Rates allow you to replace high interest debts (like credit cards) with a single lower interest mortgage loan payment. Simplified Payments as all […]
Read MoreGeneral Angela Calla 19 Nov
A First Home Savings Account (FHSA) is a powerful tool to help you save for your first home while enjoying tax benefits. Here’s what you need to know about contributing, tracking, and maximizing your FHSA participation. Contribution Basics Year One Contribution Room: When you open your first FHSA, you can contribute up to $8,000 in […]
Read MoreGeneral 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