New immigration plan aims to stabilize population growth, housing market: minister | CBC News

General 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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Canadian Inflation increased to 2.0% y/y in October–up from 1.6% in September owing to a smaller decline in gasoline prices

General Angela Calla 27 Nov

October Inflation Rose to 2.0% As Gasoline Price Declines Were More Muted The Consumer Price Index (CPI) rose 2.0% year-over-year in October, up from a 1.6% increase in September. Gasoline prices fell to a lesser extent in October (-4.0%) compared with September (-10.7%). The all-items CPI, excluding gasoline, rose 2.2% in October, the same growth […]

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Benefits of Debt Consolidation

General Angela Calla 21 Nov

Let us help you take control of your finances!  Depending on the type of debt you hold, refinancing your mortgage to consolidate debt may be a smart financial move and here’s why: Lower Interest Rates allow you to replace high interest debts (like credit cards) with a single lower interest mortgage loan payment. Simplified Payments as all […]

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Navigating Your First Home Savings Account (FHSA)

General Angela Calla 19 Nov

A First Home Savings Account (FHSA) is a powerful tool to help you save for your first home while enjoying tax benefits. Here’s what you need to know about contributing, tracking, and maximizing your FHSA participation. Contribution Basics Year One Contribution Room: When you open your first FHSA, you can contribute up to $8,000 in […]

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November 2024 Newsletter

General Angela Calla 5 Nov

Welcome to the November issue of my monthly newsletter! This month, I wanted to highlight some tips around refinancing your mortgage and considerations to make at renewal time! Plus, with the holidays just around the corner, I have included some of my favourite DiY gifting ideas to help get you started! Scroll down for all […]

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Bank of Canada Rate Cuts and Your Mortgage

General Angela Calla 28 Oct

Exciting times ahead in the world of mortgages! On Global News this past week, I discussed how VRM (Variable Rate Mortgage) holders can benefit from the recent rate cuts and how it compares to an ARM (Adjustable Rate Mortgage). With so many details affecting the cost of borrowing, understanding the terms of your mortgage is […]

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Latest Bank of Canada Rate Announcement & What It Means for You

General Angela Calla 23 Oct

This morning, the Bank of Canada made its highly anticipated announcement, confirming a 50 basis point decrease in interest rates.  Bank Prime is expected to follow from its current 6.45% down to 5.95% for most banks.  We are here to explain exactly what this means for you and how you can benefit from these changes.   How […]

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Newly Built Home Property Transfer Tax Exemption Amounts

General Angela Calla 21 Oct

The newly built home exemption reduces or eliminates the property transfer tax on qualifying purchases of a principal residence. Full exemption: Effective April 1, 2024, the fair market value threshold for a full exemption for newly built homes is increased from $750,000 to $1,100,000. Partial exemption: A partial exemption is also available for properties with fair market […]

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