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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

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 3%, with the Bank Rate at 3% and the deposit rate at 3%. The Bank is also continuing its policy of quantitative tightening. The global and Canadian economies are evolving broadly in line with the Banks July projection. The effects of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine continue to dampen growth and boost prices. Global inflation remains high and measures of core inflation are moving up in most countries. In response, central banks around the world continue to tighten monetary policy. Economic activity in the United States has moderated, although the US labour market remains tight. China is facing ongoing challenges from COVID shutdowns. Commodity prices have been volatile: oil, wheat and lumber prices have moderated while natural gas prices have risen.

Prices have come down from their peak in July

From the National Bank of Canada Declining transactions in the resale market and rising interest rates continue to weigh on property prices, with the Teranet-National Bank Composite House Price Index falling 0.2% from June to July after seasonal adjustments. This is the first monthly decline since the one seen at the beginning of the pandemic in June 2020. Using the unsmoothed seasonally adjusted index, which is more sensitive to market fluctuations, the decline is even more pronounced, with property prices falling 1.4% from June to July. Moreover, price decreases continue to be widespread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in July, 58% experienced a decline during the month, the same proportion as observed in June, but much higher than those recorded since the beginning of the year. You 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 down. 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. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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