Bank of Canada Leaves Expectations For 2022 Rate Hikes Intact The Bank of Canada decided to keep its target for the overnight rate at 0.25%, in line with forecasts and to maintain its forward guidance, which sees a rise in the overnight rate sometime in the middle quarters of 2022. Until then, policymakers vowed to […]

This is a fairly well-balanced article on Reverse Mortgages that is worth the read if you are a homeowner within 10 years of retirement, are in retirement, OR have parents that are retired already. What is missing from this article (and most that I see on the subject) are two important considerations I have gleaned […]

Good Afternoon, We hope this finds you safe and healthy in these early days of December. At The Angela Calla Mortgage Team, we are always looking for ways to help you review options to save you money and increase monthly cashflow. I was asked recently to contribute to an article for MoneySense magazine and I […]

The Bank of Canada made its eighth and final (scheduled) interest rate decision of the year and for the eighth time, left its overnight benchmark unchanged at 0.25%. As a result, the Bank Rate stays at 0.5%. These low rates have been a feature of monetary policy since March 2020 with the initial pandemic lockdown […]

When it comes to the holidays, buying gifts can be overwhelming and expensive. Fortunately, it isn’t the only option! If you have some extra time and talent, do-it-yourself gifts are a wonderful way to make your friends and family feel cherished. Thankfully, you don’t have to be a pro-level crafter to make someone a nice […]

While you might think selling your home in winter is harder, with the right considerations it doesn’t have to be! When selling your home during warmer months, the focus is typically on curb appeal and gardening, as well as having bright colors and patterns to draw out different rooms.  While curb appeal should not be […]

Did you know? Approximately 15%+ of Canadians are self-employed, making this an important segment in the mortgage and financing space. When it comes to self-employed individuals seeking a mortgage, there are some key things to note as this process can differ from the standard mortgage. For self-employed individuals with an established business seeking best rate […]

Canadian Economy Bounced Back Sharply In Q3 In line with the Bank of Canada’s forecast, the economy rebounded sharply in the third quarter following the weak performance in Q2. Stats Canada announced this morning that GDP grew by a whopping 5.4% in Q3 following the downwardly revised 3.2% earlier in Q2. As pandemic restrictions phased out […]

How much mortgage can I afford? That’s the question that kept me up at night before I bought my new home—the church conversion of my dreams. It’s a low-maintenance condo, which is just the way I like it. (I’m not a puttering-around-the-house kind of gal). While I mulled it over, I turned to countless online […]

What Is a Sliding Scale and How It Affects Your Approval You’re likely aware that the minimum down payment to avoid mortgage default insurance is 20%. What many may not be aware of is that a down payment of greater than 20% down payment will sometimes be required. As house prices rise substantially and people […]