General Angela Calla 18 Sep
While many people decide to co-own a home for cultural reasons or to help take care of elderly parents or young children, more Canadians are now turning to co-ownership as a means to combat housing in-affordability. In 2023, 6% of Canadians said they co-own their home with someone other than a spouse or significant other, […]
Read MoreGeneral Angela Calla 15 Sep
Canada Emergency Business Account: Government extends repayment and partial loan forgiveness deadlines Backgrounder On September 14, 2023, the Prime Minister announced extended deadlines for Canada Emergency Business Account (CEBA) loan repayments, providing an additional year for term loan repayment, and additional flexibilities for loan holders looking to benefit from partial loan forgiveness of up to […]
Read MoreGeneral Angela Calla 11 Sep
Province caps annual rent increase well below inflation For the second consecutive year, B.C.’s maximum allowable rent increase is being set below the inflation rate. The maximum increase for 2024 will be 3.5%. “Across the country, costs have been increasing — especially for housing — at a rate that’s unsustainable for many people,” said Ravi […]
Read MoreGeneral Angela Calla 6 Sep
Bank of Canada Holds Rates Steady Acknowledging Economic Slowdown With last Friday’s publication of the anemic second-quarter GDP data, it was obvious that the Bank of Canada would refrain from raising rates at today’s meeting. Economic activity declined by 0.2% in Q2; the first quarter growth estimate decreased from 3.1% to 2.6%. Today’s press release […]
Read MoreGeneral Angela Calla 5 Sep
Welcome to the September issue of my monthly newsletter! This month, I am covering what you need to know about condition-free offers, plus since the kids are headed back to school, now is a great time to teach them about money. Also, hear the economic forecast straight from our Chief Economist, Dr. Sherry Cooper! Market […]
Read MoreGeneral Angela Calla 1 Sep
Rate Hikes Are Definitely Off The Table The Canadian economy weakened surprisingly more in the second quarter than the market and the Bank of Canada expected. Real GDP edged downward by a 0.2% annual rate in Q2. The consensus was looking for a 1.2% rise. The modest decline followed a downwardly revised 2.6% growth pace […]
Read MoreGeneral Angela Calla 30 Aug
BENGALURU, Aug 30 (Reuters) – The Bank of Canada is expected to hold its key interest rate steady at 5.00% on Sept. 6 and stay at that level through at least the end of March 2024, according to a majority of economists in a Reuters poll, with a small but growing minority expecting one more […]
Read MoreGeneral Angela Calla 30 Aug
Rising house prices and interest rates make it more challenging for young Canadians to start families, own homes, or save. Parents often step in to help, with 35% of first-time buyers receiving financial assistance in a lump sum payment toward their purchase, while 25% of buyers received support on their monthly mortgage payments. HomeEquity Bank offers CHIP Reverse Mortgage […]
Read MoreGeneral Angela Calla 30 Aug
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 […]
Read MoreGeneral Angela Calla 24 Aug
Canada has been affected by ongoing, devastating wildfires since early this year, making for the worst wildfire season in our country’s history. In times of such turmoil and uncertainty, we know how important it is to keep your clients up to date with timely and relevant information. With their homes and their possessions at risk, […]
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