All Toronto Mortgages - Michael Pezzack

03/02/2021

As TD Bank and the National Bank of Canada have raised rates on some mortgage products, it’s time to assess whether or not breaking your existing mortgage makes sense. Connect with me and let’s conduct an analysis to see if there are savings to be gained by locking into a 5-year fixed mortgage before rates move higher.

TD Bank and National Bank of Canada say they have raised rates on at least some mortgage products

02/27/2021

Mortgage rates rocketing upwards as TD Bank sets its uninsured 5 year fixed rate mortgage at 2.24%. Call me quick and let's get you pre-approved before other financial institutions follow suit.

And it’s unlikely to be the last

02/24/2021

Struggling to secure your first home? With historic low interest rates we'll seek to find you a solution.

Rapidly rising home prices and stagnant wages mean Toronto and Vancouver have the dubious distinction of being among the top 5 least affordable housing markets in the world. A new report from think tanks Urban Reform Institute and Frontier Centre for Public Policy used something called the median mu...

12/16/2020

Should I break my existing Mortgage? Rates are now close to or below 2%. Any mortgage over 3% should be re-evaluated. You can refinance your existing mortgage likely saving you thousands of dollars, even if it means paying a penalty to break your existing mortgage. Call Mike and let’s secure you a better rate before the New Year! 416-850-2642

12/15/2020

Wondering what the emerging trends for Canadian real estate will be in 2021? https://www.mortgagebrokernews.ca/news/what-are-the-emerging-trends-for-canadian-real-estate-in-2021-334558.aspx
Considering refinancing to take advantage of better rates? Give Mike a call and let's lower your interest costs - 416-850-2642 https://www.alltorontomortgages.com

PwC's annual report dropped on October 15

09/14/2020

Need Debt Consolidation? / Use your Home Equity

Refinance your existing mortgage to better manage debt. Your home is an inexpensive source of capital for wiping out credit card debt. Give Mike a call and let's lower your interest costs - 416-850-2642.

09/09/2020

Bank of Canada Rate Update – No Movement in Prime Rate.

“The Bank continues to expect this strong reopening phase to be followed by a protracted and uneven recuperation phase, which will be heavily reliant on policy support. The pace of the recovery remains highly dependent on the path of the COVID-19 pandemic and the evolution of social distancing measures required to contain its spread.” Bank of Canada.

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at l...

09/08/2020

Should I break my existing Mortgage? Rates are now close to or below 2%. Any mortgage over 3% should be re-evaluated. You can refinance your existing mortgage saving you thousands of dollars, even if it means paying a penalty to break your existing mortgage. Call Mike and let's secure you a better rate.

09/07/2020

First Time Home Buyers / Let's Make Home Ownership a Reality. We'll step you through the process and find the best rate available by shopping the various financial institutions on your behalf. The services of a Mortgage Broker/Agent are FREE to you as we are compensated by the financial institutions that win your business. The entire process can be managed online by email. We're also happy to connect with you via conference call to answer any questions you may have. Call Mike and let's get started - 416.850.2642.

09/19/2018

Ontario home prices forecasted to increase 3.3% next year vs. 1.7% drop this.

Canadian Real Estate Association, economists project modest gains

10/27/2017

interesting read:

But Canadians still enjoy a relative ease of borrowing, compared to our counterparts in the U.K.