Fadi Barakat Diab - Mortgage Agent

02/28/2023

Are you considering to buy a home but worried about the mortgage rates or your financials? Buying a home is a big decision which brings loads of commitment and additional responsibility.

Mortgages can be difficult to understand, but they’re not. The rates may be high now, but eventually they will drop. BUT, if you wait until they drop the housing market could go back again and you would have not accomplished much.

Lower home price means a lower downpayment and a lower mortgage.

With proper guidance, you can achieve your goal of purchasing your property.

After reaching record highs in early 2022, home prices across Canada took a significant hit. Here's when they were last this low.

02/08/2023

Is the drop in prices of the housing market reaching the bottom soon? Where do you stand as a potential buyer or seller, how will you react to this phase of the housing cycle?

It has been a slow start to 2023 for Canada's housing market, but the correction seems to be easing, according to RBC Economics.

01/25/2023

Bank of Canada increases interest rate by 25 basis points.
Were you ready for this hike? What have you done to prepare yourself and take precautions for such hikes?
Are you concerned about your current deals?

The Bank of Canada today increased its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%.

12/28/2022

When looking for a mortgage, don’t focus on what rate you’re being offered; there’s a lot more to consider.

House prices have dropped and speculation says they could potentially drop a little more. This can be a great opportunity to start looking at your buying options.

Get in touch to see what you can qualify for and discuss your strategy.

12/24/2022

Wishing everyone a blessed holiday and the best of wishes for this festive season!

12/08/2022

Bank of Canada increased their rates by 50 basis points bringing the prime rate to 6.45%. Did you prepare yourself for the hike, are you ready for potential further hikes in the future?

Where do you stand and what are your thoughts?

The Bank of Canada today increased its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%.

11/21/2022

Is the housing market correction almost over? Are the speculations true that this is the "beginning of the end of the dip"? As a seller, where do you stand, and as a buyer, what are your thoughts?

The worst of falling home sales and prices may be behind us, but before you get too excited …. Read on

11/09/2022

Life can be overwhelming as it is with everything you have on your plate. Between the daily tasks and responsibilities, dealing with work, and spending some quality time with family, the last thing you want is to worry about shopping for lenders for your renewal.

How about you leave that for the professionals and allow me to take that burden off your shoulders?

Get in touch to see how I can help.

11/06/2022

Don’t lose out on opportunities out of fear or lack of knowledge; knowledge is key. Contact me for more information.

11/04/2022

Are you not buying out of concern for the high interest rates, or are you waiting for a further drop in the real estate market?

High inflation and rising interest rates are keeping would-be homebuyers on the sidelines, further driving down home sales in most metro areas.

11/02/2022

It’s “Movember”! Get your mustache growing and help spread awareness on men’s health month. November is prostate/testicular cancer awareness and mental health month. Show your support in anyway you can. Support doesn’t need to be financial, it can be as simple as educating and becoming aware of the issues. Early detection is key.