Prathees Mahendrarajah - Mortgage Agent

08/09/2022

Hello Everyone!

Prathees is the name and I am a mortgage agent with The Mortgage Centre: The Mortgage Hub!

Before becoming a mortgage agent, I developed an avid interest in crunching numbers, hence my degree in engineering. On my free time I like to play basketball, exercise and more importantly, read up on the stock market. I enjoy talking to people about the stock market and anything related to finance. This is what led me to become a mortgage agent.

As a mortgage agent, I can combine my love for numbers with my passion to help others! With all the interest rate hikes, navigating the current housing market can be difficult and I understand that. That is why I am here to help!

If you require a free consultation on where to start, in terms of buying your dream home, contact me!

T: (416) 738-2376
E: [email protected]
F:

05/18/2022

https://www.ctvnews.ca/business/crea-reports-home-sales-down-in-april-as-mortgage-rates-rise-1.5905093

Increasing mortgage rates slowed home sales in April from the frenzied pace they started the year at, the Canadian Real Estate Association said Monday.

05/11/2022

https://www.cpacanada.ca/en/public-interest/public-policy-government-relations/economic-policy-research/household-wealth-debt/housing-and-household-debt-in-canada

Is Canada heading for a housing crash? Record-high household debt and ever-rising home prices point in that direction. This report looks at the real story behind the headlines. What we found might surprise you.

05/02/2022

cbc.ca/news/canada/toronto/gta-homebuyers-set-to-lose-millions-unprotected-deposits-1.6435599

Nearly 30 townhouse buyers in two Ideal Developments projects in Richmond Hill, Ont., are likely to lose a total of $2.8 million in unprotected deposit funds after the builder was refused licences by an Ontario oversight body and the projects were cancelled.

04/23/2022

https://www.ctvnews.ca/business/effect-of-open-bidding-on-price-demand-for-ontario-homes-questioned-1.5868409

Proposed Ontario regulations that could make the home bidding process more open may not address what real estate experts say is the core issue with the market, supply.

04/06/2022

https://nowtoronto.com/lifestyle/real-estate/op-ed-how-to-afford-a-home-in-toronto-real-estate-while-single

Realtor and host on HGTV Canada's Hot Market Rizwan Malik shares advice on getting into the Toronto real estate market as a single person

03/27/2022

https://www.cbc.ca/news/canada/toronto/ontario-condo-housing-pre-construction-contracts-penalties-1.6395583

The Doug Ford government is poised to crack down on developers who unjustifiably cancel or jack up the price of pre-construction sales agreements, CBC News had learned.

03/25/2022

https://www.bnnbloomberg.ca/anticipated-rate-hikes-could-topple-housing-market-capital-economics-1.1741797

A new report from Capital Economics is warning the expected magnitude of interest rate increases from the Bank of Canada could “topple” the domestic housing market.