Tabasum Shuja Bazaz

Tabasum Shuja Bazaz I specialize in mortgage brokering, debt consolidation, cash-back program, mortgage renewals, mortgage refinance, mortgage pre-approvals, and switch.

02/13/2026

Attention Canadians! 🇨🇦

Fixed mortgage rates aren’t dropping anytime soon.

Here is why.

The U.S. job market just came in hot 😄

130K new jobs and unemployment holding at 4.3% means the U.S. Federal Reserve isn’t in a hurry to cut rates.

That matters for us because higher U.S. bond yields keep upward pressure on Canadian fixed mortgage rates.

Bottom line: rates aren’t ready to relax 🤨 so if you are considering a purchase or renewal, this long weekend may be a good time to act or at least get clarity on your options.

Best regards,

Happy New year ❤💫❤Wishing you joy, health and exciting new beginnings ahead. May your vibes stay positive and your year ...
01/01/2026

Happy New year ❤💫❤

Wishing you joy, health and exciting new beginnings ahead. May your vibes stay positive and your year be amazing ✨

May the year ahead ease suffering and bring comfort, healing and peace all around the world. 🤍 Amen🤲

It's not getting easier for Canadian homeowners. More than a million borrowers have mortgage renewals coming up next yea...
12/10/2024

It's not getting easier for Canadian homeowners. More than a million borrowers have mortgage renewals coming up next year. The unemployment rate stands at 6.8%. Per capita growth has been negative in 8 out of the past 9 quarters, plunging Canada deep into a per capita recession.

Best regards,
Tabasum Bazaz
​Mortgage Broker RMAI

04/18/2024

Unfair 2024 Federal Budget!

Canadian investors, Please consider investing in some other planet. 🤛😀🤛

Suppose an individual investor sells a property with $350,000 in capital gains. Before the proposed changes take effect, the investor would report $175,000 as taxable income, calculated at the current 50% inclusion rate.

However, under the new rules, the calculation shifts. The first $250,000 of capital gains remains subject to the 50% inclusion rate, resulting in $125,000 included in taxable income. The remaining $100,000 of gains is subject to the higher 2/3 inclusion rate, equating to $66,667 included as income. In total, the investor would report $191,667 as taxable income under the new rules.

Best regards,
Tabasum Bazaz
Direct: 416 824 9060
[email protected]

04/11/2024

Exciting news for first-time homebuyers!

The Federal Government has announced measures to make it easier for buyers to afford newly built homes in Canada. Starting from August 1, 2024, first-time buyers will be allowed a 30-year amortization period for mortgages on new homes. This change could significantly ease the financial burden for those aspiring to own their first home. If you have any questions or want to discuss how this can assist you in reaching your goal of becoming a homeowner, feel free to reach out!

Tabasum Bazaz
ModernMortgage.ca
Direct: 416 824 9060
Email: [email protected]

11/29/2023

Attention Luxury Home Buyers

📣📣📣📣📣

Luxury Land Transfer Tax Changes coming to Toronto effective Jan Ist 2024

3.5 per cent tax would be applied to homes valued at more than $3 million up to $4 million.

4.5 per cent tax would be applied to homes valued at more than $4 million up to $5 million,

5.5 per cent tax to homes valued at more than $5 million up to $10 million,

6.5 per cent tax to homes valued at more than $10 million up to $20 million,

7.5 per cent tax would be applied to homes valued at more than $20 million.

Tabasum Bazaz
Direct: 416 824 9060
[email protected]

11/08/2022

High inflation and increasing interest rates have a lot of Canadians keeping a close watch on their finances and for many, housing is a key concern.

The latest consumer survey by the credit monitoring service Equifax suggests that just 50% of Canadians are comfortable with their personal economic outlook. That is a marked decline from 61% last year.

The Equifax data indicates an increasing use of credit cards. At the end of September the average credit card balance in Canada was a record high $2,121.00. Total, non-mortgage debt per consumer is nearly $21,200.00.

The survey focused on renters when measuring housing concerns. One-in-five respondents (20%) said they are unable to find affordable rentals in their preferred location. Seventeen percent said they are thinking about moving to another part of the country to save on housing costs, while 14% felt they would have to move in with family to save money.

Financial pressures also appear to be weighing on home owners and home buyers. Figures from real estate boards across the country show significant declines in the number of sales in major metropolitan areas. An ongoing shortage of new listings is keeping inventories tight.

For those who already have a home, mortgage renewal has become a concern for 53% of them, according to a recent Leger survey. However, 52% say they have a plan to manage higher monthly payments. Most intend to cut spending in other areas.

03/18/2020

Hello Friends,

During this time of immense financial pressure, there are possible solutions for families with mortgages and debt.

Because of COVID-19, many major chartered banks & monoline lenders are offering case-by-case debt relief for people affected by pay disruption, childcare disruption, or illness. This includes payment deferral for up to six months.

Please let us know if you have questions or queries, or reach out to your banks to investigate what they're willing to do for you.

Thank you for reading!

Stay safe & healthy.
Thank you for reading
Tabasum Bazaz
416 824 9060
Wamiq Bazaz
647 997 6329
ModernMortgage.ca

Address

7681 Highway 27 Unit 6
Vaughan, ON
L4L4M5

Telephone

+14168249060

Website

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