I CAN’T PAY MY MORTGAGE! What can I do?!

General Angela Calla 16 Nov

Can’t pay your mortgage and need to review your options?  Have a listen to Angela Calla on Mom Talk. Finances are tighter for everyone, the cost of living is up but the wages just don’t seem to match. Despite feeling capable when you first bought your house, things are unexpectedly different now. Interest rate hikes, […]

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Smart Money: Saving For a Down Payment with Incentives

General Angela Calla 9 Nov

HOME BUYERS PLAN What it is: Use up to $35,000 of your RRSPs (registered retirement savings plan) toward your down payment.  Those funds have to be repaid back within 15 years. Benefits:  Any funds you contribute are tax-deductible. How to use it: If you’re palling to save the max ($35k) over 5 years, save $134/week. How to […]

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November Newsletter

General Angela Calla 7 Nov

Welcome to the November issue of my monthly newsletter! As we get closer to the end of the year, we have some tips for your upcoming mortgage renewal, plus how to winterize your home!! Also, hear the economic forecast straight from our Chief Economist, Dr. Sherry Cooper. Mortgage Renewal Benefits Is your mortgage coming up […]

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Soft Jobs Report Weakens Impetus for Further Bank of Canada Rate Hikes

General Angela Calla 3 Nov

Weak October Jobs Report Likely Takes Further BoC Rate Hikes Off The Table Today’s StatsCanada Labour Force Survey for October was weak across the board. Total job gains were meagre, full-time jobs fell, hours worked were flat, wage inflation eased (a bit), and the unemployment rate rose. Employment changed little in October, up only 17,500 (0.1%), […]

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Dreaming of Home Ownership…

General Angela Calla 30 Oct

Dreaming of home ownership but need help saving for a down payment? Between current home prices and inflation, it can feel challenging. But the good news is that first-time homebuyers can use both an FHSA and the HBP to optimize their saving. An FHSA allows you to contribute up to $8,000 a year, to a […]

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Reverse Mortgage Information

General Angela Calla 27 Oct

A reverse mortgage in Canada is a financial product designed for homeowners aged 55 and older that allows them to access a portion of their home’s equity without having to sell or move out of the property. This type of loan enables homeowners to convert part of their home equity into tax-free cash, typically in […]

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Navigating High-Interest Rates: Your Path to Informed Homeownership & Mortgage Renewal

General Angela Calla 25 Oct

High-interest rates can pose unique challenges for homeowners. To navigate this landscape effectively, it’s crucial to understand the strategies that can help you make informed decisions. Joining the Afternoon Show with Jill Bennett, we discussed key factors such as payment strategy, frequency, mortgage type regular and reverse, and amortization extending. Listen to the segment HERE […]

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Should you refinance your mortgage with todays high rates? 

General Angela Calla 20 Oct

Should you refinance your mortgage with todays high rates? Refinancing your mortgage can be an excellent way to pay off high-interest credit card and other consumer debt, improve your household cash flow, complete projects/home renovations, contribute to your retirement plan or children’s education, and many other purposes. We have dedicated ourselves to education over the […]

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Coles Notes at Mortgage Conference from Economists

General Angela Calla 19 Oct

Cole’s Notes on our Annual MPC conference Inflation is a lagging indicator Bank of Canada will choose a recession over high inflation (Central Banks worldwide are seen as inflation fighters) Bank of Canada would rather overshoot (increase more than needed and/or stay higher for longer than needed) despite the economic risk that presents Currently, the […]

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Speaking Engagements – Angela Calla Mortgage Team

General Angela Calla 18 Oct

This October The Angela Calla Mortgage Team was speaking with a group of lawyers whom areas of practice range from Real Estate Conveyancing, Family Law, Wills & Estates and Corporate Law In this high level overview of our everchanging economic market we discussed How lenders determine and offer interest rates What the difference is among […]

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