General Angela Calla 4 Dec
Do you know the difference between an ARM and VRM mortgage? An ARM (Adjustable Rate Mortgage) changes your payments when the prime rate moves, offering potential cash flow benefits when rates go down. On the other hand, VRM (Variable Rate Mortgage) maintains fixed payments despite changes in the prime rate, keeping your payments stable throughout […]
Read MoreGeneral Angela Calla 1 Dec
Jobless Rates Hits 22-Month High–Led by Losses in Finance and Real Estate Employment Today’s StatsCanada Labour Force Survey for November was a mixed bag. Total employment gains were stronger than expected. However, the rising unemployment rate and drop in hours worked were signs of mounting economic weakness, especially in the financial and real estate sectors. […]
Read MoreGeneral Angela Calla 30 Nov
The Table Is Set For Rate Cuts In 2024 The Canadian economy weakened far more than expected in the third quarter, down 1.1% annually. However, the Q2 figures were revised up significantly from a 0.2% decline to a rise of 1.4%. Such are the vagaries of economic data. The Canadian economy is contracting despite the […]
Read MoreGeneral Angela Calla 28 Nov
Reverse Mortgage is a valuable retirement tool. You want to stay in the home you worked so hard to pay for, the home you raised your family in. You are not ready to move to a retirement home. You could use additional funds to: – Pay off debts – Handle unexpected expenses – Help children […]
Read MoreGeneral Angela Calla 27 Nov
What is the Secondary Suite Incentive Program? The Secondary Suite Incentive Program will help homeowners create affordable housing in their communities. The program will provide money to help homeowners create a new secondary suite on their property to be rented out for below market value. Homeowners who qualify will receive up to 50% of the […]
Read MoreGeneral Angela Calla 23 Nov
Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light […]
Read MoreGeneral Angela Calla 23 Nov
Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on mortgages. In light of […]
Read MoreGeneral Angela Calla 22 Nov
What is a stress test? You may have heard the term ‘stress test’ but didn’t really know what that means. Essentially, in June of 2021 the federal government required that any mortgage qualify at a rate of 5.25% or 2% higher than the contract value with the attempt to protect borrowers if rates increase. With […]
Read MoreGeneral Angela Calla 22 Nov
2023 Fall Economic Statement Angela Calla is an 19-year award-winning woman of influence which sets her apart from the rest. Alongside her team, Angela passionately assists mortgage holders in acquiring the best possible mortgage. Through her presence on “The Mortgage Show” and through her best-selling book “The Mortgage Code“, Angela educates prospective home buyers by providing vital information on […]
Read MoreGeneral Angela Calla 22 Nov
Friends don’t let friends renew their mortgage without talking to our team first! One of our clients was out for a hike with a friend, and of course they were talking mortgages, inflation, and family. In this discussion, they discussed how long it took for them to get an approval from their bank and how […]
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