Understanding Your Mortgage Payments

General Angela Calla 10 Oct

Mortgage Payments:   📌Monthly mortgage payments are the most standard, and lenders use this common payment to calculate the amount you would pay on other schedules. But choosing another option can shave time off your mortgage and thousands from your interest costs. 💰💡   📌 Semi-monthly means you will divide your monthly mortgage payment in […]

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2023 Homebuyer Sentiment Survey: Rising Prices, Inflation, and FOMO

General Angela Calla 27 Sep

By Alyssa Davies • September 26, 2023 Homeowners and buyers in Canada have been through a lot in the past few years. So, it’s no surprise that the homebuyer sentiment for Canadians may come with feeling anxious and pressured about homeownership. Being a homeowner has been an adventure, whether it be a global pandemic, a […]

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Angela Calla on Global News

General Angela Calla 26 Sep

With Wednesday’s relief of the Bank of Canada holding rates, here is a quick segment we did on Global News if you missed it (watch here). Our hope is that with this pause we will also see a little bit of relief with fixed rates in upcoming weeks, before we evaluate what the Banks of […]

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CMHC’s Eco Improvement

General Angela Calla 26 Sep

Apply for a partial premium refund of 25% if you’re CMHC insured and working on energy efficient renovations to your recently purchased home. CMHC Eco Improvement aims to reduce the environmental impact of housing by supporting energy-efficient improvements. Apply for a 25% partial premium refund if you’re insured with CMHC and you’re spending at least […]

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Self-Employed? We have a mortgage for that!

General Angela Calla 20 Sep

Often times we get calls or emails from those who are disappointed …they spoke to the bank directly on what options are available to make a home or investment property purchase. Let’s take a look at “why” this happens ( more of a breakdown in my book for purchase here) Every Bank in Canada only […]

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Tempting Rates

General Angela Calla 20 Sep

Beware of Tempting Rates! 🚫💰 Some rates seem too good to be true, and they often are. 😲 Lenders may offer specials, but you’ll lose important mortgage terms and conditions. The bona-fide sales clause locks you with the lender until your term ends (ex. the whole 5 years), limiting your options. They may also restrict […]

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Get your rates holds in for renewal and purchases asap!

General Angela Calla 19 Sep

  Roughly 50% of the prices in the CPI are growing more than 5%, which is still very concerning for the Bank of Canada. Market rates moved up meaningfully on the news. With the 5-year government bond yield well above 4%, fixed mortgage rates will increase this week. The odds of another 25 bps rate […]

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