Jag Dhamrait : Mortgage Agent

05/24/2024

May.24.2021. Three years. Miss you! ❤️

10/09/2023

Excited to join one of the top 5 mortgage brokerages in Ontario, top 10 in Canada, !

I am confident in my ability to secure the most competitive mortgage rates available in the market for you.

Our valued partnerships with lenders enables us to leverage the strong industry relationships and expertise that come with our brokerage's esteemed position as one of the top 5 mortgage brokerages in the province.

Contact me for all your mortgage financing needs from residential, commercial to construction and land financing.

Tel: 647-883-7790
Email: [email protected]

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05/20/2023

Wishing you all a relaxing long weekend to unwind, recharge, and find solace in the beauty of the moments alone, or surrounded by family, friends and loved ones. 🍁

01/26/2023

includes our emotional, psychological, and social well-being. It affects how we think, feel, and act.

If you or someone you know is struggling with mental health illness or issues, reach out to a friend, family member, health care provider or a counsellor. You can also contact ConnexOntario by calling 1-866-531-2600 or TEXT 247247

You are not alone.

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01/26/2023

Today, the Bank of Canada announced a 0.25% increase to the overnight interest rate for its first meeting of 2023.

Markets have priced today’s increase as the last one for this interest rate hike cycle. The BoC introduced language to confirm that this should be the last increase - all things equal.

Today’s increase brings the overnight rate up to 4.50%. Rationale for the increase is to curb inflation.

The retail prime rate (what you and I pay) will increase to 6.70%.

Contact me today to find out how this affects your mortgage.

01/01/2023

Happy New Year!
Hope 2023 brings you all good health, wealth, happiness and love! 🎉🍾🙏🏽

12/07/2022

Bank of Canada (BoC) Hikes Overnight Rate 0.50% to 4.25%.

This has been the seventh consecutive policy rate increase since March 2022. The retail prime rate will now increase to 6.45%

This increase directly effects variable / adjustable rate mortgage holders, especially with the impact on your mortgage payments and hitting your trigger rates.

Bond markets in Canada are signaling a recession in 2023 with the so-called inversion curve of the yield curve not inverting by this magnitude since the early 90s recession.

As it relates to mortgage rates, it means that worse may likely be behind us.

I’m happy to report some lenders last week and half dropped their 5-year fixed rates in varying amounts.

With this in mind, now is an important time to discuss what it means for your current variable rate mortgage and / or if your mortgage is coming up for renewal within the next six months.

Let’s chat! Contact me at 647-883-7790 or [email protected]

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11/11/2022

10/31/2022

Have a safe and

10/26/2022

Bank of Canada (BoC) Rate Announcement

The BoC surprised markets today by announcing a lower than expected increase to the policy interest rate of 0.50% as it continues quantitative tightening. Markets were anticipating a larger hike of 0.75%.
 
Since March 2022, the BoC has executed six policy rate increases, bringing the policy rate from 5.50% to 3.75%. Meanwhile, prime rates in Canada are also expected to increase in lockstep by 0.50% to 5.95%.

The next policy rate increase is set for December 7, 2022.

With this in mind, now is an important time to discuss what it means for your mortgage if it’s coming up for renewal within the next six months
OR
if you are currently in a variable rate mortgage - let’s chat about your trigger rate and how it impacts your current variable rate mortgage payment.

Contact me for more information.

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10/24/2022

May the light fill your lives with love, joy and happiness! 🪔