General Angela Calla 20 Nov
We had the best time taking over the entire 3 theatres and having a cozy movie night with some of our clients that could make it out. My heart ❤️ is so full to be able to share a flick, some laughs, hugs and appreciation to be a part of our mortgage family. Going into […]
Read MoreGeneral 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, […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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%), […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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 […]
Read MoreGeneral 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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