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My Rates

6 Months 7.60%
1 Year 5.39%
2 Years 5.19%
3 Years 4.79%
4 Years 4.84%
5 Years 4.39%
7 Years 5.85%
10 Years 5.89%
6 Months Open 9.20%
1 Year Open 8.00%
*Rates subject to change and OAC
AGENT LICENSE ID
M23006422
BROKERAGE LICENSE ID
11995
Dennis Manahan Mortgage Agent Level 1

Dennis Manahan

Mortgage Agent Level 1


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201 - 10815 Yonge St, Richmond Hill, Ontario, L4C3E3

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As an experienced mortgage professional, it is my job to get you the mortgage you need at the price that you deserve. I work on your behalf and have access to over 25 different lenders. Let’s work together to get you the right mortgage!

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BLOG / NEWS Updates

TD: How likely is another Bank of Canada rate cut in March?

With the second Bank of Canada (BoC) rate announcement this year around the corner on March 12, many Canadians are eager to see if the central bank will cut its lending rate again. In January, the BoC cut its lending rate by 25 basis points, bringing it down from 3.25% to 3%. So, is more rate relief on the way? According to TD Economist Derek Burleton, the BoC is likely to cut its lending rate at the upcoming announcement by 25 basis points. We are anticipating a follow-up cut in March, and TD Economics predicts the central bank will bring its lending rate down to 2.75%, Burleton said. Since the inflation data came out a few weeks ago, market odds of a cut fell as low as 30%, but have since jumped to 90% following the imposition of U.S. tariffs on Canadian exports. So, while theres still a chance that the central bank will announce a rate hold, there is a growing consensus that a cut is in store. Burleton explained that the Bank of Canada needs to help prepare for the economic risks on the horizon especially around tariffs. Even with recent reports showing a resilient job market and robust GDP growth in Canada, the central bank needs to ensure the economy is prepared for U.S. tariffs to hit Canadian exports, he said. https://stories.td.com/ca/en/article/will-bank-of-canada-cut-interest-rates-march-2025

Statistic Canada: Investment in building construction, December 2024

Overall, investment in building construction rose 1.9% (+$408.1 million) to $21.8 billion in December, with gains recorded across all components. The residential sector grew 2.2% to $15.1 billion while the non-residential sector was up 1.3% to $6.7 billion. Year over year, investment in building construction grew 4.7% in December. On a constant dollar basis (2017=100), investment in building construction increased 1.5% from the previous month to $13.0 billion in December and was up 1.6% year over year. Multi-unit component drives residential sector gains in December Investment in residential building construction was up 2.2% (+$323.9 million) to $15.1 billion in December. Single family home investment edged up 0.8% (+$60.7 million) to $7.3 billion in December, marking its fifth consecutive monthly increase. Investment in multi-unit construction rose 3.5% (+$263.2 million) to $7.7 billion in December, rebounding from two significant and consecutive monthly declines. https://www150.statcan.gc.ca/n1/daily-quotidien/250213/dq250213a-eng.htm

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