General 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 MoreGeneral Angela Calla 3 Dec
Welcome to the December issue of my monthly newsletter! As the end of the year approaches, I wanted to have one more check-in with you and provide some final tips for 2024! Scroll down and check out my favourite home and finance resolutions, along with some tips for decluttering your home in preparation for 2025. […]
Read MoreGeneral Angela Calla 28 Nov
I’d like to share some important information about reverse mortgages, a financial tool that is often misunderstood but can provide incredible benefits for Canadian homeowners aged 55 and older. There’s a lot of misinformation surrounding reverse mortgages, so let’s set the record straight: Myth: The bank will own my home. Truth: You remain the homeowner and keep the […]
Read MoreGeneral Angela Calla 27 Nov
The federal government’s new immigration levels plan will stabilize population growth and relieve pressure on the housing market, Immigration Minister Marc Miller said Thursday. As CBC News reported Wednesday, the government is cutting the projected number of new permanent residents from 485,000 this year to 395,000 in 2025, with further cuts to 380,000 in 2026 and […]
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