Steve Marshall - Mortgage and Leasing Agent

10/29/2025

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The Bank of Canada cut interest rates as it sees damage from U.S. tariffs persisting, but signalled that borrowing costs are roughly at the right place as long as its forecasts materialize.

01/14/2025

Getting lots of calls on renewals these days and just a reminder that it may be easy to initial a box to renew your mortgage but you likely are leaving thousands on the table. Reach out to us with an email, [email protected] or as i prefer a call anytime at 613-561-5433. We work for you not the bank.

There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada's largest banks,....

01/01/2025

As we enter into 2025 I'd like to wish everyone a healthy and wealthy year ahead. I'd like to thank my family, close friends and awesome agents for their continued support as well as our devoted clients past and present. Lets make this coming year one for the books everyone! I plan on it. Cheers and appreciation to you all.

07/12/2023

Bank of Canada raises policy rate 25 basis points, continues quantitative tightening. There have now been 10 interest rate hikes over the last 16 months with the BOC's key interest rate moving from .25% to 5.00%.

The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

01/25/2023

No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A Pause As expected, the Bank of Canada–satisfied with the sharp decline in recent inflation pressure–raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0% later this year...

01/13/2023

We are seeing an increase in requests for CHIP mortgages. They have had a bad rap for years but a CHIP mortgage is actually a fantastic product for specific people. Inflation is hurting everyone but with retirees on fixed incomes it can be very stressful and concerning. A lot of retirees have worked very hard to pay off their home as they were taught to by the generation before (wise) but with everything going up it can be difficult on a monthly basis to cope on a fixed income. A CHIP mortgage is very flexiable. You can get a monthly deposit into your account to help with everyday living or get a lump sum to purchase items without a monthly payment. This is for families to discuss with their aging parents who are able to live in their home but struggling with monthly obligations. Call me to discuss and learn more about a great product in uncertain times. Steve 613-561-5433 or www.kingstonmortgageteam.com

10/19/2022

Managing your debts is as important as managing your investments and, in many cases more so. The current rapid interest rate increases are starting to show its impact on people’s financial situations. Our office is very busy simplifying peoples lives with our various products and services.

We will be seeing more rate hikes moving forward so be proactive not reactive when thinking about your financial situation. We are here to help. Call me anytime at 613-561-5433 or apply online www.kingstonmortgageteam.com
Steve

There are generally two ways to get a mortgage in Canada: From a bank or from a licensed mortgage professional. While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada's largest banks,....

09/07/2022

Bank of Canada announces another big rate hike. BOC has increased its benchmark rate by .75%, marking its fifth consecutive hike in its latest effort to curb inflation.

06/01/2022

As expected unfortunately

The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%.

04/12/2022

The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase to put Canadians with variable rate mortgages on edge and keep some prospective homebuyers on the sidelines.