Mortgage Broker, Hardeep Batth
2 County Court Blvd. Suite 415 L6W Brampton, ON, Canada

The federal election is over and it will be interesting to see over the coming months how this will affect the Canadian mortgage and real estate market. Many agree that mortgage rules and related policy will not be a significant priority for the Liberal government during this term. However, they have made an election promise to increase eligibility of their recently introduced First Time Homebuyer Incentive plan to assist those in larger markets such as Vancouver and Toronto.... They have also promised to implement their national tax on vacant residential properties owned by non-Canadians who don’t currently live in Canada. The Conservatives, on the other hand, had talked about brining back the 30-year amortization which the Liberals have not at this point put forth as an option. I’ll keep you posted on any changes and how they might affect you. With the Bank of Canada maintaining their rate at 1.75%, interest rates remain stable which is good news for Canadians. Some even believe and support a rate decrease as early as December of this year. Heading into the end of the year, the real estate market still seems to be moving up even in the larger Canadian cities which have seen year over year growth despite the mortgage rule changes. A combination of solid job markets, rising family incomes and healthy population have given a strong boost to demand which is putting pressure on prices. Most are predicting 2020 to be a strong market for real estate so if you were thinking of buying your first home or moving up, this could be a great time to buy and take advantage of low rates. Feel free to call or email me anytime. Regards, Hardeep Batth, Mortgage Broker Mortgage Alliance (647) 705-1916 1 (855) 563-1855 [email protected] https://www.mortgagealliance.com/HardeepBatth FSCO Brokerage #10530

The First-Time Homebuyer Incentive program allows buyers to finance a portion of their home purchase through a shared equity mortgage with the Government of Canada. Make your dream of home ownership a reality - contact me today! 647-705-1916.

***Access to Millions of dollars available in private money*** Servicing all of Ontario First mortgages up to 75 - 80% LTV Second mortgages up to 85 - 90% LTV Home Equity Loans & Debt Consolidation ... Answers within 2 - 8 hours. Commitment within 24 - 48hrs Brokers & Agents Welcomed Quick closing available 3 - 7 days www.hardeepbatth.com Call or text 647-705-1916 Co-broker friendly. Your client remains your client Hardeep Batth Mortgage Broker Mortgage Alliance Lic 10530 Dir: 647-705-1916 Em: [email protected]

Will the Bank of Canada cut interest rates this year? While the U.S. and other countries have cut interest rates this year, it seems unlikely the Bank of Canada will follow suit. In the U.S., the Federal Reserve cut its rate in July, portraying the move as a preventative measure in response to weak global growth and trade uncertainty. However, the U.S. economy has already slowed as the stimulative effects of last year’s tax cuts wear off and the trade war with China begins to... take a toll. (See the U.S. economy at a glance for more details.) And the damage from trade tensions hasn’t been restricted to the U.S. and China. It’s weakening business confidence and slowing trade and investment around the world. Enlarge the graphic That’s why the U.S. bond market is betting more cuts are coming from the Fed this fall while elsewhere other central banks are also cutting rates. Will the Bank of Canada join the party? It seems unlikely. The bank must strike a balance between managing downside risks and dampening inflationary pressures and asset bubbles. For now, the bank’s current rate appears to be still stimulating the economy because in real terms it’s negative (more on this later). A lower rate could incite more borrowing by already heavily indebted households. Indeed, Canadian household debt is at a historic high of 100% of GDP. Since 2017 the bank’s 1.25% increase in interest rates have pushed households’ debt service ratiothe share of a disposable income allocated to pay debt obligationsto the same high level as in the fourth quarter of 2007. As more disposable income is spent to pay debt, consumption has slowedto just 0.5% in the last quarter compared to a pace of 3.6% in 2017. Lower household spending is slowing overall economic growth. Despite the headwinds from trade tensions, the bank’s concern about household debt is likely to keep interest rates where they stand. SOURCE:--BDC

SECOND MORTGAGES The need for second mortgages is growing and I can help you access the equity in your home without being forced to sell or pay huge penalties when breaking your first mortgage.Even if you are willing to pay the penalties for breaking your mortgage, new government refinancing rules will only allow you to access up to only 80% of the equity in your home. Second mortgages through private lending can help you to access the equity in your home up to 95% if you sh...ould need it, (Some restrictions apply). I can help you to stay in your home; I can STOP POWER OF SALE, Increase your cash flow, Consolidate debt; pay off your high interest credit cards, Pay your property or income tax arrears, Or pay off your consumer proposal, judgements or liens. I can even get you a private second mortgage to help go towards a down payment to avoid CMHC fees. Second mortgages are generally arranged based on the equity in your home, which means having poor credit, consumer proposal, or a diminished income does not prevent you from being approved. With a little of your time, and some documentation I can arrange a second mortgage for you in as little as 1-10 days. Regards Hardeep Batth Mortgage Broker Your dream, Our commitment TM Mortgage Alliance LIC 10530. 1855-563-1855.

Hi , The holiday season is just weeks away and the end of the year is approaching which is a great time to assess your financial situation, consolidate any debt and review your mortgage to avoid unnecessary financial stress in 2019. It is important to regularly evaluate the options that are available to reduce personal debt and increase cash flow and identify potential savings. I have access to a variety of solutions that can eliminate debts such as credit cards and other loa...ns without affecting your existing mortgage. It may also be possible to roll your debts into your existing mortgage and reduce your monthly payments. The Bank of Canada recently raised its prime rate to 1.75% stating that they felt good about the economy now that we have a new trade agreement in place with the United States and Mexico. This increase should have an effect on variable rate mortgages as well as consumer debts, even more reason to analyze debts including mortgages to find savings and reduce monthly payments. I am here to assist in finding the solutions that save homeowners money. Call or email me today to get started. Regards HARDEEP BATTH 6477051916 [email protected] See more