Andre Ouimet - Mortgage Agent

04/19/2023

Housing starts could fall 30% this year as higher interest rates curb demand

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We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.

Kevin Lee of the Canadian Home Builders' Association talks about why things are currently tough in home construction. Watch the video.

04/12/2023

Canadian Mortgage Rates Pull Back Ahead of Spring Market

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We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.


Will Canada’s real estate market correction hit pause with an influx of cheap credit? CMHC data shows that 5-year conventional mortgage rates fell in February. Not huge, but the second consecutive month since the most aggressive climb in a generation. With credit costs plummeting even faster in Ma...

04/06/2023

The Canadian Mortgage Variable Rate Boom Is Now A Bust

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We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.

Canadian real estate’s fling with variable rate mortgages is pretty much dead. Bank of Canada (BoC) data shows originations fell sharply, with variable rates representing just a tiny share in January. Variable rates went from the majority of mortgages to an unusually small share, in just one year....

03/22/2023

Toronto Real Estate Prices Just Made The Biggest Jump Since Rates Began Climbing

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We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.

There’s a Canadian real estate correction? Apparently no one told Toronto. TRREB data shows home prices didn’t just climb in February, but made a 5-digit jump. Prospective buyers with their buyer-feet ice cold in the snow, stood puzzling and puzzling—asking, how can it be so? It came without r...

02/15/2023

Bank of Canada Clear For Another Hike After Employment Boom

https://bit.ly/3Zs3o9G

We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.


Despite the gloomy outlook, Canada is still churning out hot employment data. Statistics Canada (Stat Can) data shows the economy added over 100,000 jobs in December. Along with higher participation, this helped drive the unemployment rate within spitting distance of the record. At least one Big Six...

02/08/2023

What to expect from inflation, interest rates, and the housing market in 2023

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We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.

Canada will see another year of high inflation, one more interest rate hike and a continued downturn in housing, BMO said. Read on.

12/21/2022

Bank of Canada Rate Hike Pushed Many Mortgage Borrowers Above Stress Test: BMO

https://bit.ly/3UPaMZj

We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.


Canadian mortgage borrowers weren't stress tested for interest costs at this level, meaning the market is in uncharted waters.

11/09/2022

Mortgage rules when buying a second property in Canada: What you need to know

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We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.

Interested in buying a second property? Familiarize yourself with the mortgage rules first to make sure it’s the right financial decision.

11/02/2022

How Long Will Canadas Real Estate Bubble Last & Residents Are Dumping Ontario

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We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.

Time for your cheat sheet on this week’s top stories. Canadian Real Estate Alberta Is Calling? Ontario Residents Are Fleeing The Province In Record Numbers Ontario is seeing residents flee in record numbers these days. Nearly 125,000 Ontario residents left for new provinces in the year-ending Q2 2...

10/26/2022

Housing affordability: What happens when lower home prices take on higher borrowing costs?

https://bit.ly/3D71vXu

We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.

Borrowing costs are increasing as Canada experiences the fastest drop in home prices since the 1980s. Have we reached a tipping point for affordability?

10/19/2022

Toronto Real Estate Prices Have Dropped Over $224,000 In Just 6 Months

https://bit.ly/3TmFcBQ

We offer Mortgage Services. Visit https://www.gtaemergency.com for more information.



Toronto real estate prices are reversing some of the gains made but have a long way to go before they’re gone. Toronto Region Real Estate Board (TRREB) data shows the composite benchmark, or typical home, fell once again in September. Greater Toronto home prices have now shed over $200k in value i...

09/07/2022

If an unexpected bill has added stress to your life, call Andre Ouimet and he can show you how the equity in your home can be accessed to improve your quality of life.
Get professional assistance.
For more information, visit us at https://www.gtaemergency.com/
Email id: [email protected]
Call us on: (647) 700-9014