Mortgages With Dennis Bahadur

05/27/2025

Do you have 20% downpayment and are struggling to get approved? Contact me for options

Mortgage Agent
FSCO

I am available to answer all your Mortgage related questions, please fell free to reach out to me anytime!

02/22/2023

Canada's inflation rate slowed to 5.9% in January. Bank of Canada is likely to refrain from increasing its policy interest rate on the next announcement.
The next Bank of Canada announcement is March 8, 2023.

02/17/2023

A survey from NerdWallet showed owning a home is a priority for two-thirds of Canadians (67 per cent).

If you are part of the 67%, I encourage you to learn the mortgage process.
Contact me and I will go through the steps of the process with you.

01/25/2023

The Bank of Canada hiked its key policy rate by 0.25 basis points to 4.50 per cent.

The Bank of Canada indicated it would pause its hiking cycle if economic conditions remain stable, as it pursues its goal of bringing decades-high inflation back to a target level of two per cent.

The central bank reiterated that it will continue its fight against inflation.

If you have any questions, please reach out to me.

01/16/2023

New rule around qualifying for a Mortgage may he coming to Canada.

The rules would be in addition to the existing rules around minimum qualifying rates, otherwise called the mortgage stress test.

Potential additions to the existing stress test include limits around the amount of mortgages where the loan is more than 4.5 times the borrower's income, measures that would limit how much debt payments could take up of someone's monthly household income and a more nuanced approach to the existing stress test that could make affordability tests more stringent for higher-risk products like variable rate mortgages.

01/08/2023

On Friday, Statistics Canada reported the Canadian economy exceeded economist expectations by adding 104,000 jobs in December. Canada’s jobless rate also fell to a near record low of 5.0 per cent.

The job gains increases the odds that the Bank of Canada will hike rates on January 25, 2023.

01/04/2023

The Prohibition on the Purchase of Residential Property by Non-Canadians Act prevents non-Canadians from buying residential property in Canada for 2 years starting on January 1, 2023.

The Act defines residential property as buildings with 3 homes or less, as well as parts of buildings like a semi-detached house or a condominium unit.

The law does not prohibit the purchase of larger buildings with multiple units.

The Act has a $10,000 fine for any non-Canadian or anyone who knowingly assists a non-Canadian and is convicted of violating the Act.

If you have any questions please feel free to contact me.

12/17/2022

If you are currently renting and your goal is to buy property, contact me and together we can put a plan in place that works for you.

12/09/2022

If you have questions about how the rate increase will impact you purchasing a property, feel free to contact me.

10/29/2022

If you have any questions about how the rate hike will impact your current mortgage or future purchase please contact me

10/08/2022

If you are on a Variable Mortgage Rate, then you need to know the term Trigger Rate.

07/13/2022

The Bank of Canada raised its key policy interest rate a full percentage point to 2.5 per cent Wednesday, marking the first hike of that magnitude since 1998.