Harpreet currently provides his services to all of Southern Ontario whether you are a first time homebuyer, sophisticated real estate investor, or any step in between.

Contact

(416) 795-1919

Search Mortgage Corp. 100-50 Village Centre Place Mississauga, Ontario, L4Z 1V9 License #: 12652

harpreet@searchmortgage.ca

January 29th Mortgage Industry Update

January 29th, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. The prime lending rate at most lending institutions has dropped to 2.85%. Additionally, most fixed rates are on the decline. Additionally this week: – Many lending institutions made several changes […]

January 22nd Mortgage Industry Update

January 22nd, 2015 Mortgage Industry Update The Bank of Canada announced on January 21st that it’s overnight lending rate has decreased from 1% to 0.75%. These changes might be seen in the variable rate mortgage market in the near future. Additionally this week: – Toronto price gap between condos and houses widens. [fancy_link link_text=”Learn More” […]

January 15th Mortgage Industry Update

January 15th, 2015 Mortgage Industry Update As the year starts, we see lenders continue to offer promotional rates that were common throughout last year. No significant changes have occurred, or are expected. Additionally this week: – RBC says household debt grew in November by 4.5%, marking a 2-year high. Residential mortgages accounted for a 5.2% […]

January 8th Mortgage Industry Update

January 8th, 2015 Mortgage Industry Update As the year starts, we see lenders continue to offer promotional rates that were common throughout last year. No significant changes have occurred, or are expected. Additionally this week: – Alberta housing market starting to slowdown says BMO; Due to slow down in energy sector. [fancy_link link_text=”Learn More” url=”http://globalnews.ca/news/1757580/oils-collapse-sends-shiver-across-albertas-real-estate-market/” […]

January 2015 Industry Stats

January 2015 Industry Stats The Canadian Association of Accredited Mortgage Professionals (CAAMP) released their new set of statistics on January 6th, 2015. The major statistics are summarized as follows: Bank of Canada interest rate remains at 1% Prime lending rate remains at 3% The 5Y variable qualifying rate remains at 4.79% The Government of Canada […]