Latif Masih-Mortgage Agent Level 1

12/11/2024

The Bank of Canada lowered its key interest rate by half a percentage point on Wednesday but signalled a slower pace of rate cuts moving forward.The decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.25 per cent.

OTTAWA — The Bank of Canada is set to make its final interest rate announcement of the year this morning. Forecasters are widely expecting a half-percentage point interest rate cut. That would bring the Bank of Canada’s key rate down to 3.25 per cent. The November labour force survey solidified ...

05/27/2024

The Bank of Canada’s benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants. The findings were released in the Bank of Canada’s first-quarter Market Participants Survey, which surveyed 30 financial market participants between March 9 and 23, 2023.

The Bank of Canada's benchmark interest rate is expected to fall back to around 3.00% by the end of 2024, according to a median of responses from market participants.

04/30/2024

Three reasons you should get a mortgage pre-approval before starting to look at homes.

1. To know the maximum amount you can spend on a house
2. Secure your rate for up to 120 days while you shop for a house
3. It lets the seller know you can secure financing, giving you an edge when making an offer.

Reach out 647-921-2013 today for a free, no-obligation, Mortgage Pre-Approval.

Call now to connect with business.

02/05/2024

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

After a short-lived upswing in bond yields last month that nudged some fixed mortgage rates higher, lenders are once again bringing them back down.

02/01/2024

Having a diverse selection of products across multiple lenders like banks, credit unions, private sources, independent lenders, etc. to meet your great expectation. Are you ready to explore options or get a second opinion. Please feel free to call me for any further details 647-921-2013.

01/31/2024

While the Federal Reserve wants to see inflation heading toward 2.0%, December 2023 brought an increase of 0.3%, moving the Consumer Price Index (CPI) up to 3.4%.Still, many expect the federal funds rate to stay at 5.33% this month and decrease later this year. But what will that mean for the housing market overall - and prices, in general? If mortgage rates decrease in 2024, expert predictions on what will happen to home prices varies.

Mortgage interest rates could fall this year. Here's what some experts think that will mean for home prices.

01/24/2024

No change on interest rate as Bank of Canada sticks to 5%
Central bank keeps trendsetting rate steady for 4th consecutive time.

The Bank of Canada has announced its trendsetting interest rate will remain steady at five per cent, in a move widely expected by economists. The central bank says it expects to turn its attention to how long interest rates stay high rather than whether more increases are needed.

11/18/2021

Are you getting ready to buy your first home or move to your next home? The #1 thing you can do is get advice early. Talking with a mortgage professional, like myself, helps you understand:

👉 What you can afford
👉 Down payment you need
👉 Costs involved with buying a home
👉 Improving your credit
👉 Prepayment options
👉 Refinancing penalties (if you decide to do so down the road)
👉 Budgeting and more!

Reach out today and let's start the conversation.

11/10/2021

If your home will be owner-occupied, then you need 5% down for the first $500,000 of the purchase price, and 10% for any amount over $500,000 up to $999,999. If the purchase price is $1,000,000 or more, the minimum down payment is 20%.

According to CMHC’s Mortgage Consumer Survey, most homebuyers are accessing their savings or equity from a previous home for their down payment. Followed by RRSP savings and gifts from family members.

If you have any questions about the down payment options available to you and how to use them, send me a message. I would be happy to review your situation and discuss your homeownership goals.