The Mortgage Locator

06/05/2024

Finally some good news for Canadians on the BOC's policy interest rates.

Automatically view the rate announcement the moment it is published.

12/30/2023

Wishing everyone a Happy, Healthy and Prosperous New Year! 😎👍✌

12/01/2023

Wishing Everyone The Very Best This Holiday Season xo xo 😘☮

11/08/2023

Here is my newest flyer circulating. If you need any mortgage help or just have questions, let me know.

11/01/2023

- Is it time to renew your mortgage?
- Are high interest debts piling up?
- Home improvments or renovations?
- Would you like to invest in another property?
- Would you like to access some of your hard earned equity?

I can provide you with options that work fo you.
Call me, Email me or set up a 15 minute zoom meeting.

Call me direct - 905-441-3991

08/02/2023

BUY or RENT? Here are the facts!
Cost of Renting vs Buying in Canada: Cost comparison.

With the cost of renting in Canada at an all time high and rent increases on a steady climb for what seems like forever. You may be surprised to learn monthly rent is actually cheaper dollar for dollar vs a monthly mortgage payment due to the fact todays current interest rates are also on a steady climb. (see the chart) for a comparison in your area.

HOWEVER, Dollar for dollar cost is not the whole story.

1. When you buy, a good percentage of the mortgage payment goes towards your own equity vs when you pay rent you build the landlords equity. You also earn equity in the value of the property as the months and years roll by vs paying rent the money is gone and you earn nothing.

2. Make it your own with upgrades and or changes. New bathroom, bigger kitchen, man or woman cave etc. Although these upgrades cost money they also increase the value of your home while improving your quality of life.

3. Stability and privacy: When you rent vs own, you have to deal with the landlord and provide access to your place. A noisy neighbour above or below. In a worst case scenario you can be forced to move or vacate if the owner decides to sell.

Finally, there is a true sense of pride of ownership when you own your home. It's your castle and or your safe place to call your own. Imagine how it must feel when you finally pay your home off..

Unless you are only looking for a temporary living situation. It is almost always better to buy vs renting. This is how you build wealth for the future. Ask yourself this question, why are all the landlords renting?

If your interested in home ownership, I can help show you how to get it done.
Give me a call, DM or email me. I will set you up with a 30 min call or zoom meeting appointment and get you a plan moving forward on the road to home ownership.

Tim Deering - aka The Mortgage Locator

05/04/2023

Check out our new Billboard on Highway 7.

05/01/2023

Rents are on the rise AGAIN in the GTA. When is a good time to buy a property? Yesterday! = ASAP.
Reach out to me and I will show you your options.

After easing over the winter months, rent prices are back on the rise across Canada.

04/20/2023

Sorry no more mortgages in the booth tonight. Time to cheer on the live on the computer! !!👋👋👋👋👋👋👋

04/18/2023

Back at the Oshawa Centre today 10am-9pm doing mortgage deeds with the fine people of Durham Region while sporting my Austin Matthews jersey to cheer on our boys in blue to beat Tampa Bay tonight. GO LEAFS GO!!

04/16/2023

Come and visit me at the I'm here today (Sun 11am-6pm) and all week (10am-9pm) in front of . I'm answering all your mortgage questions. I'm also doing FREE mortgage qualification and Home price Valuations😁😎

04/12/2023

Bank Of Canada holds interest rates steady for now and probably for the rest of 2023. Inflation target is 3% by end of summer 2023 and end of 2024 is now the expected time frame to achieve the 2% inflation target goal. Even though inflation is dropping a little slower than projected it is definitely coming down. If inflation continues to fall as projected, interest rates will not go up any further (for now) and for the rest of 2023. This should offer some stability for the Canadian Real Estate markets. The next BOC interest rate announcement is June 7/23.