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My Rates

1 Year 5.69%
2 Years 5.69%
3 Years 5.47%
4 Years 5.44%
5 Years 5.04%
7 Years 6.09%
10 Years 6.19%
*Rates subject to change and OAC
AGENT LICENSE ID
M13002369
BROKERAGE LICENSE ID
10349
Brian Greenwood Mortgage Agent

Brian Greenwood

Mortgage Agent


Phone:
Address:
7676 Woodbine Avenue, Suite 300, Markham, Ontario

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I will save you TIME and MONEY…
...by working with you to find you the right solution
...by leveraging my relationships with dozens of lenders to get you the right mortgage

As a Mortgage Agent, I can help you arrange a mortgage that suits your circumstances, whether you are buying a new home, renewing your mortgage, or refinancing your existing home, and also when you want to access the equity in your home.

WHY do you need a Mortgage Agent?
    I will save you time and money by guiding you through my proven mortgage process.
    I will work closely with you to find you a great solution.
    I have access to dozens of mortgage-lenders, and great mortgage rates.

WHEN do you need a Mortgage Agent?
    To get pre-approved before you shop for a home.
    To finalize your Offer that is “conditional on financing”.
    To renew your mortgage when it matures.
    To refinance your home and improve your financial situation.
    To access the equity in your home.

 


BLOG / NEWS Updates

Home sales jumped in April as interest rates stabilized and population boomed

Summary On a seasonally adjusted basis, home sales increased 11.3% from March to April, a third consecutive monthly increase and the first double-digit gain since the summer of 2020. Unlike the previous month, the increase in sales was spread across all provinces, with New Brunswick (-2.5%) and Newfoundland (-17.0%) being the exceptions. On the supply side, new listings increased by 1.6% during the month, a first increase in three months. Overall, supply decreased in Canada as testified by the number of months of inventory (active-listings to sales) decreasing from 3.8 to 3.3 in April. This remains up from the trough of 1.7 reached in the pandemic but remains low on a historical basis. The active-listings to sales ratio is still tighter than its historical overage in the majority of Canadian provinces, with only Manitoba indicating a ratio above average. Housing starts in Canada increased in April (+47.8K to 261.6K, seasonally adjusted and annualized), more than consensus expectations calling for a 220.0K print. This increase more than offset Marchs 27.7K decline and was the sharpest since November 2021. In urban areas, rises in housing starts were seen in Ontario (+35.8K to 110.7K), British Columbia (+9.9K to 58.1K), the Maritimes (+4.0K to 9.8K) and Quebec (+2.3K to 29.4K). Meanwhile, a decline was registered in the Prairies (-2.8K to 33.2K) on losses in Manitoba (-3.5K to 4.0K) and Saskatchewan {-0.3K to 2.4K) while starts in Alberta posted an increase (+1.1K to 26.8K). The Teranet-National Bank Composite National House Price Index remained relatively stable in April with a slight decrease of 0.1% compared with the previous month and after adjusting for seasonal effects. After seasonal adjustment, 5 of the 11 markets in the composite index were down during the month: Edmonton (-2.5%). Ottawa-Gatineau (-2.1%), Vancouver (-0.9%), Hamilton (-0.5%) and Montreal (-0.2%). Conversely, prices increased during the month in Quebec City (+1.2%), Toronto (+0.7%), Winnipeg (+0.5%), Calgary (+0.3%) and Victoria (+0.1%), while they remained stable in Halifax. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf

CMHC Housing Market Outlook - Spring 2023

From CMHC Key highlights from the 2023 release We expect house prices and supply in Canada to decrease between 2022 2023. Price declines are expected to end sometime in 2023 before increasing for the remainder of the forecast period. Our analysis forecasts a significant drop in housing starts in 2023 and we can see some recovery starting in 2023 to 2024 and onward. Rental affordability is also set to decline due to demand outstripping supply, especially in Vancouver and Toronto. Prairie provinces expect more positive housing market conditions due to interprovincial migration and affordable homeownership. Ontario, British Columbia and Qubec will see significant drops in housing starts compared to other regions. The Atlantic regions economy remains stable and moderate relative to other regions. https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/market-reports/housing-market-outlook/2023/housing-market-outlook-spring-2023-en.pdf?rev=5c29bc91-2310-435f-b2c9-b801866d0ede

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