AgentBas- Mortgage Agent
6200 Dixie Road Toronto, ON, Canada

New Rate Sheet! Very low mortgage rates still available. Especially smaller term fixed and variable. (Special 3 year variable available at 0.99%) *These are insured rates for owner-occupied purchases. If you're interested in other products, let me know and I'll tell you what rates you're looking at!

New shorter (6 months) investment opportunity from my brokerage. If you have a little cash (min $25,000) and looking for a quick return on investment feel free to contact me for more details.

Key Points: - Bank of Canada is keeping benchmark interest rate at 0.25% so the good news continues for variable rate mortgage holders. - BOC projects (for now) that the benchmark rate will stay low until 2nd half of 2022. ... - Inflation currently at highest levels in 10 years - BOC is continuing to ease it's COVID emergency measures as economy slowly recovers from pandemic https://www.cbc.ca/news/business/bank-of-canada-1.6102133

Refinancing or looking to add a line of credit against your property? The maximum amount you can borrow will be decreasing starting June 1 as the stress test increases for uninsured mortgages. If you're looking to max out your equity take-out, applications need to be sent into lenders immediately. I'm available to run numbers, get quotes, and close on any refinances prior to the May 31st deadline. Let me know if I can help!

Bank of Canada holds overnight interest rate at 0.25%. Key points: - Good news for variable rate mortgage holders as their interest rates will stay the same for now - BoC gives a more optimistic economic forecast and says overnight interest rate could be rising in latter half of 2022 (they previously forecasted 2022 or 2023). This would raise variable mortgage rates... - BoC is cutting back on it's bond buying program. This along with the more positive economic outlook will likely mean longer term fixed rates (3, 4, 5 year) will continue to rise To learn more click on the link below: https://www.ctvnews.ca//bank-of-canada-keeps-rate-on-hold-

Sitting on some money and looking for a good return on your investment? This 12 month investment opportunity offered by my brokerage will get you a 8.35% rate of return. If you're interested at all contact me for more details!

Nothing is official yet but OSFI has proposed raising the stress test from 4.79% to 5.25% on June 1. This will decrease everyone's borrowing power by about 4-5%. So far the proposal is only for uninsured mortgages (purchases with more than 20% down, refinances etc). Still lots of questions, and hopefully we get answers soon, but this is something prospective homebuyers, or those looking to take out equity from their existing properties need to be aware of. If (when) this becomes official it will surely cause even more short-term market demand as borrowers try to get their funds before the rules change. Check out the link below for more info: https://www.cbc.ca//osfi-mortgage-stress-test-rules-1.5979

New rate sheet! As I've speculated, variable rates remain extremely low while fixed rates have gone up across the board. Luckily I still have access to one or two lenders in each product (1-5 years) that are still offering real low rates. Once these lenders adjust their rates, fixed rates will likely be going up again. As always if you have any questions about current or future financing needs, don't hesitate to reach out!

As promised earlier in the week here's a quick article on fixed interest rates, why they're rising, and what this means to current or near-future mortgage holders. Enjoy!! https://www.linkedin.com//fixed-rates-rise-now-what-antho/

New Rate Sheet! Rates have been in a holding pattern, but don't expect that to last much longer, as some lenders have begun raising fixed rates this week. More lenders are likely to follow in the coming days/ weeks. I'll be posting more info on this shortly but if you're thinking about purchasing, refinancing, renewing, or transferring your mortgage to a new lender to capitalize on rock bottom rates, you should be locking in those rates asap! Feel free to contact me if you have any questions, or want me to crunch some numbers for you!

More rate drops! Great news for prospective homeowners looking to purchase a home or investment property, as well as current homeowners looking to renew, refinance, access equity, or transfer their current mortgage to save money.

Another private lending investment opportunity from our brokerage. 8.35% rate of return in 12 months. Minimum investment of $25,000, maximum $200,000 If you or anyone you know has some money saved and looking for a good return in a short amount of time feel free to contact me for further details.

Rates continue to drop. Check out our rate sheet as of today. Feel free to contact me to see if there's a way to save you some serious money!

Rates continue to drop. Check out our rate sheet as of today. Feel free to contact me to see if there's a way to save you some serious money!

Check out these record low mortgage rates as of Sept 2! If you are currently in a mortgage you may be able to save thousands right now just by switching lenders. Contact me and I'll calculate your savings for you!

On Monday the Canadian Mortgage Benchmark Rate aka Qualifying Rate aka Stress Test lowered from 4.94% to 4.79%. This means that Canadians can now get approved for mortgages that are about 1.5% bigger. This is the 3rd drop since Covid began. It may not sound like much but every dollar counts when shopping for properties or taking equity out of existing properties. https://www.cbc.ca//business/mortgage-stress-test-1.5684685

Check out my new article explaining ways that both prospective and current homeowners can capitalize on record low mortgage rates! https://www.linkedin.com//record-low-mortgage-rates-how-y/

New rates as of Aug 5!