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My Rates

1 Year 2.74%
2 Years 3.49%
3 Years 3.69%
4 Years 3.89%
5 Years 3.59%
7 Years 4.09%
10 Years 4.14%
*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

Higher interest rates and household debt: Cause for recession?

From National Bank of Canada There is a great deal of concern regarding the vulnerability of Canadian households not only to inflation shock but also to sharp interest rate hikes. For heavily indebted households, the bill could prove hefty. Those that contracted mortgages 4.Sx their gross income could see their monthly payments increase by $187 to $281 from 2022 to 2024 and absorb as much as 2.6% to 4.0% of their net income. At the macroeconomic level, however, the story is far different given the high proportion of properties without mortgages. By our calculations, the payment shock related to servicing the accumulated debt will represent 0.65% of disposable income over the next three years. The amount is significant but manageable in that it alone will not suffice to pull the economy into a recession. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/special-report_220728.pdf

Prices continue to lose momentum in June

With the decrease in resale market transactions and the increase in interest rates, property price growth moderated for a third consecutive month, but still remained solid in June at 1.0% after adjusting for seasonal effects. Using the seasonally adjusted unsmoothed index, which is more sensitive to market fluctuations, the moderation is even more pronounced, with property prices essentially flat in May and June. While the Bank of Canada has indicated that it will continue to raise its policy rate and that transactions in the real estate market should continue to decline, we anticipate that the composite index should decrease by 10% by the end of 2023. The price declines have already begun to spread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in June, 58% experienced a decline during the month, compared to 34% in May and only 16% in January. We have to go back to May 2020, at the very beginning of the pandemic when uncertainty was at its peak, to find such a large proportion of markets in decline. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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