General Angela Calla 27 Jan
In case you missed our Global News Morning segment we discussed a topic that is top of mind for many: variable and adjustable rate mortgages. In this approx. 6 minute interview we covered… -What exactly are variable and adjustable rate mortgages? -The key differences between the two. -Critical terms and factors to consider when choosing the […]
Read MoreGeneral Angela Calla 18 Dec
Chrystia Freeland Resigns On The Day of The Fall Economic Statement Finance Minister Freeland rocked markets today by submitting her resignation from Cabinet. Trudeau had asked her to take another Cabinet post, but she declined in a scathing letter accusing Trudeau of “costly political gimmicks” like “bribe-us-with-our-own-money cheques for $250 and a two-month GST holiday. […]
Read MoreGeneral Angela Calla 18 Dec
The Canadian Housing Market Strengthens Further Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump. Sales were up 2.8% m/m in November compared to October and now stand a cumulative 18.4% above where they were in May, just before the first interest rate cut in early June. […]
Read MoreGeneral Angela Calla 16 Dec
Navigating the mortgage market requires more than choosing between a fixed or adjustable rate. Over my 20 years in this industry, I’ve seen how markets and lenders adapt in ways consumers might not expect. Adjustable rates can be a VERY powerful tool, but they come with complexities that borrowers must fully understand before committing. Our […]
Read MoreGeneral Angela Calla 12 Dec
I wanted to share some key updates that could impact your mortgage and financial planning as we approach the end of the year. 1. Bank of Canada Rate Decrease The Bank of Canada has announced a 50-basis-point rate decrease, bringing the prime rate down from 5.95% to 5.45% with most lenders. For adjustable or variable rate mortgages, this […]
Read MoreGeneral Angela Calla 12 Dec
The Surge In Canadian Unemployment Keeps Another Jumbo Rate Cut In Play In December The BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.25%. The market had priced in nearly 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP growth and a sharp rise […]
Read MoreGeneral Angela Calla 10 Dec
Three Overlooked Tools to Save Thousands on Your Home Purchase Buying a home is one of the biggest financial decisions you’ll ever make, but many buyers miss out on valuable tools that can significantly reduce costs. Whether you’re a first-time buyer or looking to upgrade, these three programs can help you save thousands of dollars […]
Read MoreGeneral Angela Calla 10 Dec
Top 5 Mortgage Rule Changes in British Columbia 1. Increase in Insured Mortgage Cap: Effective December 15, 2024, the federal government is raising the insured mortgage price cap from $1 million to $1.5 million. This change allows buyers in high-cost markets like Vancouver to purchase homes up to $1.5 million with a down payment as […]
Read MoreGeneral Angela Calla 10 Dec
New Rules Recap As you may already know, we have some great new rules coming into effect on December 15th. Want a quick recap? Here you go: 30yr amortizations: All buyers of newly built properties can have a 30yr amortization on an insured mortgage First time home buyers can take advantage of a 30yr amortization […]
Read MoreGeneral Angela Calla 10 Dec
The Surge In Canadian Unemployment Keeps Another Jumbo Rate Cut In Play In December Before the release of today’s Canadian Labour Force Data, the odds favoured a 25 basis point drop in the overnight policy rate when the Bank of Canada meets again on December 11th. The data showed more substantial than expected job creation, […]
Read More