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AGENT LICENSE ID
M24000462
BROKERAGE LICENSE ID
13560
Mustafa Salloum Mortgage Agent | Level 1

Mustafa Salloum

Mortgage Agent | Level 1


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Address:
12137 Tecumseh Road E, Windsor, Ontario, N8N 1M2

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Serca Financial Mortgage Group transforms the way individuals and families achieve their real estate aspirations and financial goals. We are committed to transforming the lives of our clients by providing unparalleled mortgage brokerage services, guided by innovation, integrity, and expertise.

 

Our teams are equipped to support the growth of our real estate partners' enterprises by offering more financing options to their clients, collaborate seamlessly with real estate developers to ensure efficient and hassle-free closings, and cater to those seeking a more personalized and tailored service, complete with access to multiple lenders, the potential for more favorable rates, and guidance during challenging circumstances.

 

We believe that every customer deserves the best care and service when purchasing or refinancing the home of their dreams. We're here to serve your mortgage needs and have what it takes to make a difference in your next mortgage transaction.

 

We can place all types of mortgages including purchases, refinances, equity takeouts, debt consolidations, renewals and mortgages for self employed.

 

Since our business is built primarily through referrals from satisfied customers, your positive mortgage experience is essential! Your mortgage is a big decision and a powerful financial tool. At Serca Financial Mortgage Group, our vision is to be everyone's number one choice for every real estate dream & financial aspiration. We aim to be the trusted partner on your journey, and together, we'll unlock the doors to true real estate wealth & financial goals, one mortgage at a time. Connect with us today to do a complimentary application, see what we can do for you now, or create a plan for you for your future real estate & mortgage needs.


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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