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My Rates

6 Months 7.85%
1 Year 5.54%
2 Years 5.39%
3 Years 5.04%
4 Years 4.99%
5 Years 4.64%
7 Years 5.90%
10 Years 5.80%
6 Months Open 9.45%
1 Year Open 8.00%
*Rates subject to change and OAC
AGENT LICENSE ID
M23006193
BROKERAGE LICENSE ID
12347
Scott Murray Mortgage Agent Level1

Scott Murray

Mortgage Agent Level1


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6 Thomasfield Drive, Guelph, Ontario, N1G 4J3

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lt Makes Sense To Use An Expert

Especially when dealing with complex financial matters like mortgages. Being a member of Canada's #1 Mortgage Broker Network with experts who are part of the Canadian Association of Accredited Mortgage Professionals ensures that the services provided adhere to a strict Code of ethics and professional conduct. This adds a layer of trust and credibility to the services offered.

 

Mortgage agents play a crucial role as trusted intermediaries, working with numerous financial institutions, which means they can provide access to a wide range of mortgage options. Having access to over 40 of Canada's best mortgage lending financial institutions gives borrowers the opportunity to compare different offers and terms, enabling them to make more informed decisions.

 

Moreover, the fact that your professional services are paid for by the lenders and not the clients can be very appealing to potential borrowers, as it provides an incentive to seek the assistance of a mortgage expert without incurring additional costs.

 

Shopping for the best mortgage is not a straightforward process, and it requires specialized expertise to navigate through various bank offers and terms. An experienced mortgage professional can save homeowners time, effort, and potentially money by helping them find the most suitable mortgage financing available in the market.

 

Additionally, the mortgage process can be daunting for many homeowners, and some financial institutions may not provide the necessary support to make it easier for borrowers. Having a knowledgeable mortgage agent to guide them through the process can alleviate some of the stress and confusion.

 

My clients rely on me to secure the best mortgage financing for their needs. It's an opportunity for them to receive personalized assistance, access to multiple lenders, and the expertise required to make informed decisions.

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BLOG / NEWS Updates

TD Provincial Economic Forecast: Lower Rates, Better Fates

2024 is playing out largely as expected across Canadas regional landscape, with most of the Prairie and Atlantic provinces leading economic growth while Ontario, B.C., and Quebec lag. A number of regions are capping off this year displaying moderately stronger momentum in economic growth and job creation than we had envisaged in September. However, any upgrades to 2025 provincial growth forecasts reflecting this positive hand-off have been neutralized by downside growth risks on Canada owing to the imposition of tariffs by the new U.S. administration. The president-elect has threatened to impose a 25% across-the-board tariff on Canadian exports. We assume that Canada will manage to avert this outcome, partly reflecting the energy-heavy nature of its exports to the U.S. Still, this regional forecast incorporates some chill to investment and hiring due to the tariff threat that is likely to linger. Importantly, no province would escape the fallout from a Canada/U.S. trade skirmish, with U.S. export exposure ranging from about 80-90% in Alberta, New Brunswick, and Ontario to a still-lofty 50-60% in B.C and Saskatchewan. Beyond the first-order effects from tariffs on exports, provinces would also feel the hit through damage to other trading partners. PEI, Saskatchewan, and Manitoba source a comparatively large share of their imports from the U.S., potentially leaving them exposed to inflation pressures should Canada impose tariffs of its own. The countrys population growth is set to stall over the next two years through planned reductions in both the pool of non-permanent residents (NPRs) and a scaling back in its annual permanent immigration targets. Ontario, B.C. and Quebec will likely see population growth pull back the fastest. Meanwhile, ongoing affordability advantages in the Prairies and some Maritime provinces will remain a lure for interprovincial migrants. A wave of federal government stimulus is set to reach Canadian consumers in the coming months, with Ontario set to roll out its own measure in the new year. Combined with ongoing interest rate reductions, we expect consumer spending growth to pick up across the provinces despite slower population growth. Provinces with the highest debt burdens, namely B.C., Ontario, and Alberta, should disproportionately benefit from easing conditions. Housing markets across the country are also poised to benefit from supportive federal measures, and gradually falling short-term interest rates. https://economics.td.com/provincial-economic-forecast

NBC BoC Policy Monitor: It’s beginning to look a lot like neutral

The Bank of Canada lowered the target for the overnight rate by 50 basis points for the second straight meeting, a decision in line with consensus and market expectations. This is the fifth rate reduction in as many meetings and brings the policy rate to 3.25%, or the upper end of the BoCs estimated neutral range (2.25% to 3.25%). The move also pushes the BoCs policy rate 150 bps below the Federal Reserves upper bound target, the most since 1997 (although that gap will likely narrow next week). Meanwhile, balance sheet normalization will continue as expected. Here are additional highlights from the communique and the opening statement to the press conference: Driving the decision to cut 50 bps was inflation around 2%, excess supply and softer growth ahead relative to earlier expectations. Macklem added in the opening statement to the press conference that monetary policy no longer needs to be clearly in restrictive territory. As for forward rate guidance, the press release notes we will be evaluating the need for further reductions in the policy rate one decision at a time. In the presser, Macklem said they expect a more gradual approach to monetary policy if the economy evolves broadly as expected. Note they no longer explicitly say they expect to cut their policy rate further. The statement notes that Q3 growth was somewhat below the Banks projection and Q4 growth looks weaker than projected. Slower immigration will ease growth in 2025 while proposed fiscal measures will support demand. They will look through temporary demand effects. The press release highlights that job growth continues to grow slower than labour supply. Wage growth showed some signs of easing, but remains elevated relative to productivity. As for inflation, they still expect CPI to hover around 2% for the next couple of years. They note that the GST holiday will temporarily lower inflation but that will be unwound once the holiday ends. Therefore, watching core inflation will be critical to see underlying trends. The Bank didnt have much to say on tariff threats other than noting that these have increased uncertainty and clouded the economic outlook. \ https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/boc-policy-monitor.pdf

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