Caliber Mortgage Inc. - Mortgage Broker - Rex Fung

07/11/2025

📈 Canada Adds 83,100 Jobs in June – Biggest Gain of 2025! 🇨🇦

Despite economic uncertainty and looming tariff threats, Canada’s job market just showed real strength. June saw a surprising surge of 83,100 new jobs, with gains across wholesale/retail, healthcare, and manufacturing sectors.💼

✅ Jobless rate dips to 6.9%
✅ Core-aged (25–54) workers saw the largest monthly job gain on record (outside the pandemic years)
✅ Ontario, Quebec & Alberta led the charge in job growth

What does this mean for YOU? A stable labour market can help support homeownership and maintain borrowing confidence.

Have questions about how this impacts your mortgage strategy? Let's chat!

📞 Contact me today to discuss how you can prepare, buy, or refinance with confidence in today’s evolving market.



Source:

Canada’s Economy Shows Amazing Resilience in June The Canadian economy refuses to buckle under the weight of tariff uncertainty and further potential tariff hikes. The Labour Force Survey, released this morning for June, showed a surprising net new job gain of 83,100 positions, the most significan...

12/11/2024

📉 Big News from the Bank of Canada! 📉

The policy rate has been slashed by 50 basis points to 3¼%! This move aims to boost economic growth and keep inflation in check. With consumer spending and housing activity on the rise, now might be the perfect time to explore new opportunities! 🏡💼

Stay informed and make the most of these changes. Let's talk about how this could impact your mortgage plans! 💬



[Source: https://www.bankofcanada.ca/2024/12/fad-press-release-2024-12-11/]

The Bank of Canada today reduced its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%.

12/02/2024

🏗️ Understanding Construction Lending: Your Guide to Building Success

Have you ever wondered how developers and homebuilders finance their projects from the ground up? Let's examine construction lending and explain how it differs from traditional mortgages.

🔑 Key Differences:

• Traditional mortgages finance existing properties • Construction loans fund projects from foundation to finish • Draws are released in stages as construction progresses • More intensive oversight and inspection requirements

💡 Why Choose Construction Lending?

Flexibility to build your dream property
Customized payment schedules aligned with construction phases
Expert guidance throughout the building process
Potential for higher property value upon completion
At WeDo Mortgage Group, we specialize in construction financing with personalized solutions for builders and developers in the Greater Toronto Area. Our team brings 20+ years of experience to help turn your construction plans into reality.

👉 Thinking about a construction project? Let's discuss your financing options. Please drop a comment below or DM us for a free consultation.

12/01/2024

5 Key Tax Benefits for Ontario Homeowners in 2024 🏠

As we approach year-end, here's your essential guide to homeownership tax benefits in the Greater Toronto area:

1. First-Time Home Buyers' Tax Credit (HBTC)
- Claim up to $10,000 for a tax rebate of $1,500
- Must be a first-time buyer or not owned a home in the last 4 years
- Property must become principal residence within 1 year
[Source: Canada Revenue Agency]

2. Basic Personal Amount
- $15,705 tax deduction for 2024
- Applicable if income is under $173,205
- Helps reduce overall tax burden
[Source: Canada Revenue Agency]

3. Tax-Free First Home Savings Account (FHSA)
- Contribute by December 31, 2024, for tax deductions
- Up to $8,000 annual contribution limit
- Tax-free withdrawals for home purchase
[Source: Canada.ca]

4. Property Tax Support Programs
- Ontario Trillium Benefit (OTB) for eligible residents
- Ontario Energy and Property Tax Credit
- Must apply by December 31, 2024
[Source: ontario.ca]

5. New Construction Benefits
- 30-year insured mortgages for first-time buyers of new builds
- Extended amortization options
[Source: Canada.ca]

💡 Pro Tip: December is the perfect time to review these benefits! Book your free consultation with WeDo Mortgage Group to learn how to maximize your tax advantages before year-end.

📞 Direct message us or call to schedule your personalized review.

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06/30/2022

According to this article, professionals still believe the mortgage rate is relatively low today.
For more information about mortgage and mortgage rates, please contact us immediately.

Today's 30-year mortgage rate still beats the long-term average of just under 8%.

08/26/2020

Are you planning to buy your first home? Check out this article to find what cost is associate with it.

If you want to find out more, and let us help you to get a mortgage pre-approval. Contact us today!

Source:

A guide to buying your first home.Millennials in Canada are facing a very different homebuying environment tha...

08/14/2020

Bank of Canada cut the benchmark rate to 4.79%.
Which helps potential homeowners with more borrowing power.

Call us to find out more, and how we can help you for next home purchase.

The Bank of Canada has cut its benchmark five-year mortgage rate to 4.79 per cent, the second cut in three months.

08/06/2020

Back in June, we mentioned the Real Estate market is slowly reviving, and July's number didn't show any slowdown either.

This article provides an insight into the market, but if you want to know more, feel free to contact us today.

July was a record-breaking month for Toronto real estate sales, as a nearly 17 per cent price spike did not stop homebuyers from making offers.

08/06/2020

If you are looking for a property, what types of mortgage are you planning to get?
Fixed?
Variable?
Expert said taking a variable rate mortgage is a gamble, is it?

Read the article, and let us know what you think?
Want more information, contact us today!

If you’re applying for a new mortgage now, have a long-term financing need and an average-to-low risk tolerance, a five-year fixed below 2 per cent has your name all over it

07/24/2020

Being a mortgage agent can be challenging and rewarding at the same time.

In order to be successful in the business, do you have the following skills:

- Social networking (to be able to speak with anyone and build relationship)

- Quick Adaptation (our industry is a fast pace environment, you need to learn all the new policy and guideline at an on-going basis)

- Sales & Customer Service (Sales is the highest form of customer service, and without the best customer service, sales doesn't exist)

- Self-motivation and drive to success (key fundamentals of our industry)