AGENT LICENSE ID
M08000964
BROKERAGE LICENSE ID
10460
Margo Wynhofen
Mortgage Broker
Office:
Phone:
Email:
Address:
8 Christie Street, Grimsby, Ontario, L3M 4H4
One Mortgage Broker. Many Mortgage Solutions.
Since 1998, I have been providing expert mortgage advice to clients looking to purchase residential real estate, or for the renewal or refinance of an existing residential property mortgage. Much of my business is from repeat clients who have either moved, or refinanced for consolidation or future investment, or who have simply renewed a mortgage. From the twenty-something, anxious first-time homebuyer to the seventy-something, anxious reverse mortgage homebuyer, I cover it all!
Is your sole focus to find a low rate? I am confident that I can secure a competitive interest rate for you, but, when shopping for a mortgage, the biggest mistake that a consumer can make is to base the decision solely on the interest rate. Yes, the rate is important, but it should not be the only point you base your decision on.
Ask yourself the following questions before you commit to what you think is the "lowest rate" mortgage:
- What kind of service can I expect from my mortgage lender, and/or my mortgage broker once my mortgage has funded?
- How will I be treated at renewal time? Will I be offered competitive pricing then, and if not, how difficult will it be for me to transfer this mortgage to another institution?
- Do I understand the "fine print" of my mortgage contract - specifically, how the prepayment penalty is calculated?
- How difficult will it be to make changes to my mortgage mid-term, such as applying to transfer the mortgage if I need to move to another home, or to make a lump-sum prepayment, or to refinance my mortgage mid-term?
- Does my mortgage lender allow for me to obtain secondary financing elsewhere - for example, obtaining a home equity credit line elsewhere?
- If I have obtained my mortgage from a call-centre, how can I be assured that I am getting the best-available solution for my particular financial situation, and future needs?
My interest rates may not be that different from what you can find online or elsewhere, however, I am different. And, it is this important distinction that will ensure you are happy with your new mortgage!
BLOG / NEWS Updates
Scotiabank: Canadian Home Sales (January 2026): Housing News Flash
CANADA HOUSING MARKET: NATIONAL HOUSING CONDITIONS CONTINUE TO COOL
National unit sales significantly fell from December to January. This weakening in sales combined with a sharp rise in new listings contributed to lower the sales-to-new listings ratio to near the lower bound of the estimated range for balanced conditions. However, unusually inclement weather in Ontario centres contributed to amplify the slowdown in national sales in January.
National sales (in units) posted a -5.8% (sa) drop from December to January. They weakened in each of the last 3 months, posting a cumulative -10.2% decline (with sa figures) since October 2025. In January, they were 16.2% below their level in November 2024, the period when trade tensions started to emerge as the incoming U.S. administration announced its intention to increase tariffs on imports from key economic partners. Compared to the same month in 2025, national sales were 16.2% (nsa) lower in January. Following 4 months of monthly declines, new listings rose sharply in January (7.3% m/m, sa) but fell 6.2% (nsa) from the same month in 2025.
With this significant decline in sales and the sharp rise in new listings from December to January, the sales-to-new listings ratio fell from 51.3% (sa) in December to 45% in January, a 6.3 percentage points (pps) drop. This indicator of housing market conditions now stands very close to our 44.6% estimate for the lower bound of the balanced conditions range. This indicator declined by 4.1 pps (from sa figures) since January of 2025.
https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.housing.housing-news-flash.february-18--2026.html
Statistics Canada: Why do people move within Canada? A study on the reasons for internal migration and mobility using the Canadian Housing Survey
Highlights
According to the 2022 Canadian Housing Survey, one-third (33.3%) of households reported moving to their current residence within the past five years.
Upgrading to a larger or better-quality dwelling was the most common reason reported by households that moved within the past five years, cited by one in four moving households (25.3%).
Among households that moved across provinces, employment (42.5%) was the reason cited most often, followed by wanting to be closer to family (27.6%). In contrast, 4.5% of these households reported moving to upgrade to a larger or better-quality dwelling.
Movements within the same province but to a different municipality showed patterns that resembled aspects of interprovincial migrations and moves within the same municipality, further supporting the relevance of distance in a households decision to move.
Reasons for moving also varied by age of the reference person, and further differences emerged when distinguishing intraprovincial and interprovincial moves.
Findings suggest that in addition to the motivation to improve housing conditions and quality of life, various life events and stages of life can influence a households decision to move.
https://www150.statcan.gc.ca/n1/pub/91f0015m/91f0015m2026001-eng.htm
NBC Housing Market Monitor: Widespread decline in home sales in January
Home sales fell 5.8% from December to January, marking the third consecutive monthly decline and the largest drop since February 2025 when U.S. tariffs were announced.
New listings jumped 7.3% from December to January, their first increase in five months and the largest monthly increase since January 2025.
Active listings increased by only 0.4% during the month due to a higher number of cancelled listings, likely due to the lack of momentum in the market.
Market conditions eased during the month but remained balanced at the national level, which largely reflects soft conditions in Ontario and B.C., while markets in all other provinces continue to favour sellers.
Housing starts dropped by 42.6K from 280.7K in December to 238.0K in January (seasonally adjusted and annualized), a print well below the consensus calling for 262.5K. Starts decreased in urban areas (-50.2K to 218.2K), while they increased in rural areas (+7.6K to 19.9K). In urban centres, the drop stemmed from the multi-unit segment (-51.9K to 177.0K), while the single-detached segment increased slightly (+1.7K to 41.2K). Decreases in housing starts were seen in Montreal (-11.5K to 17.6K), Toronto (-1.3K to 28.4K), and Vancouver (-0.4K to 33.5K), while Calgary (+10.2K to 25.6K) registered an increase.
The TeranetNational Bank Composite National House Price Index declined by 0.4% from December to January after seasonal adjustment. Seven of the eleven CMAs included in the index recorded declines: Ottawa-Gatineau (-2.4%), Winnipeg (-1.0%), Toronto (-0.9%), Edmonton (-0.9%), Vancouver (-0.7%), Hamilton (-0.5%), and Victoria (-0.1%). Conversely, prices rose in Halifax (+2.0%), Quebec City (+1.6%), Montreal (+1.4%) and Calgary (+0.7%).
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf
