General Angela Calla 14 Mar
One of the main ways a Reverse Mortgage is used to create family legacy is through a living inheritance, which the recipient often uses for a down payment. Parents can pass along their wealth now, when their kids need it most and without impacting their cashflow in retirement. Living Inheritance – Gifted Down Payment […]
Read MoreGeneral Angela Calla 14 Mar
As a top mortgage professional, I understand the importance of providing unbiased advice to consumers, helping them navigate through the plethora of financial options available. Today, I want to shed light on two popular choices: Reverse Mortgages and Lines of Credit. Reverse Mortgages: A reverse mortgage is a unique financial product designed specifically for […]
Read MoreGeneral Angela Calla 8 Mar
Proactive Resizing The average Canadian in retirement has a shortfall of $20,000 annually and an average of $200,000 saved. Many believe the smart retirement decision is to sell their larger home, buy a smaller condo and live off the difference. These clients don’t realize they could stay in the home they love, buy that condo […]
Read MoreGeneral Angela Calla 6 Mar
Still No Recession In Canada Thanks to Huge Influx of Immigrants Real gross domestic product (GDP) rose a moderate 1.0% (seasonally adjusted annual rate), a tad better than expected and the Q3 contraction of -1.2% was revised to -0.5%. This leaves growth for 2023 at a moderate 1.1%. Monthly data, also released today by Statistics […]
Read MoreGeneral Angela Calla 6 Mar
The Bank of Canada Holds Rates Steady Until Core Inflation Falls Further Today, the Bank of Canada held the overnight rate at 5% for the fifth consecutive meeting and pledged to continue normalizing the Bank’s balance sheet. Policymakers remain concerned about risks to the outlook for inflation. The latest data show that CPI inflation fell […]
Read MoreGeneral Angela Calla 6 Mar
As we step into the vibrant season of spring, it’s time for a quick update on the latest in the housing market and economic landscape. Bank of Canada Maintains Rates: In a recent announcement, the Bank of Canada has decided to maintain its key interest rate. For detailed insights, you can read the full report […]
Read MoreGeneral Angela Calla 5 Mar
Are you getting prepared to do your income taxes? If you are a renter and make under $80,000 there is a tax credit waiting for you. The nitty gritty is that if you make less than $60,000 you will get a $400 tax credit by filling out Form BC479 2023. This is the same form […]
Read MoreGeneral Angela Calla 22 Feb
Property transfer tax exemptions While the province is aiming a new tax at would-be speculators, it’s also unveiling a tax break for first-time homebuyers and rental housing developers. As of April 1, 2024, the threshold for the exemption to the property transfer tax for first-time homebuyers is being lifted from properties costing half a million […]
Read MoreGeneral Angela Calla 21 Feb
As the economic landscape continues to shift and evolve, mortgage renewals present both an opportunity and a challenge for homeowners. With inflation down and the possibility of reduced rates in prime this June, there’s never been a better time to take control of your mortgage renewal. With over 3 million renewals expected over the next […]
Read MoreGeneral Angela Calla 25 Jan
As a valued member of our community, we want to ensure that you make informed decisions when it comes to purchasing presale properties in British Columbia. Buying a presale property can be an exciting investment opportunity, but it’s crucial to navigate the process wisely to avoid potential pitfalls. In this article, we’ll outline some common […]
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