Top ↑
Some of Our Featured Mortgage Rates

 

TERM

 

RATES

 

Variable Rate Mortgage As low as 2.30%
3 Year Closed Rate As low as 2.20%
5 Year Closed Rate Mortgage As low as 2.59%
Home Equity Line of Credit (HELOC Up To 80%) As low as Prime +.25%
10 Year Closed Term 

As low as 3.84%

Rates and terms subject to change without notice, conditions may apply.

Apply-Online-Now.png

Want to keep up to date with rates click here!

New to Canada Mortgage Program

The New to Canada Mortgage allows qualified home buyers  who have immigrated to Canada from another country, or have  been transferred here by an employer, to qualify for mortgage  insurance with as little as a 5% down payment.

Quick Details of the program - good credit or no credit history is allowed  as this program allows limited Credit history.

  • Must be in Canada for less than 5 years
  • Must have at least 3 months Canadian employment, no probation
  • Must have either a working visa or permanent status (9 SIN allowed, must prove legally allowed to be in Canada)If no credit and 5% DP - alternative sources of credit required (as per high ratio insurer guidelines)
    • Working visa minimum 10% down from own sources
    • Permanent Status 5% down from own sources

Call me to find out all the program details and if you qualify for this program!

 new_to_canada.jpg

Unsecured Loans

 

Financial News
takata.jpg&size=250x600&quality=85image_shadow.png

8 automakers recall over 12 million vehicles in U.S. for Takata air bags

27 May 2016 13:03:13

DETROIT -- Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators.

ParkaMaker.jpg&size=250x600&quality=85image_shadow.png

Winnipeg parka maker shinnies for 'Made in Canada' tag

26 May 2016 20:45:49

The CEO of a local garment manufacturer set out to prove the federal government wrong after a department ruled his company isn't Canadian enough to meet "Made in Canada" standards.

canadagoosestore650.jpg&size=250x600&quality=85image_shadow.png

Canada Goose to open Toronto, New York retail stores this fall

26 May 2016 14:37:12

Canada Goose, the luxury winter jacket maker, will open its first two retail stores this fall.

1297839384351.jpg&size=250x600&quality=85image_shadow.png

Wildfires will hurt economic growth: BoC; Interest rate kept at 0.5%

25 May 2016 11:34:41

The economy will be weaker than expected in the second quarter due to the Alberta wildfires, the Bank of Canada said Wednesday as it kept its key interest rate steady at 0.5%.

1297839011988.jpg&size=250x600&quality=85image_shadow.png

CRTC launches public hearing to evaluate skinny basic cable

24 May 2016 13:28:08

Canada's broadcast regulator is launching a public hearing to evaluate the implementation of so-called skinny TV services.

Social Media Links
  • Join us at Badoo
  • Join us at Bebo
  • Join us at LinkedIn
  • Join us at MySpace
  • Join us at Active Rain
  • Join us at Flickr
  • Join us at Youtube
  • Join us at Wordpress
  • Join us at Delicious
  • Join us at Blogger
  • Join RSS Feed
  • Join us at Reddit
  • Join us at Last.Fm
  • Join us at FriendFeed
  • Join us at Technorati
  • Join us at Vimeo
  • Find us on Facebook
  • Join us at Digg
  • Join us at Stumbleupon
  • Follow us on Twitter
  • Join us at Google Plus
  • Pinterest
  • Instagram
  • Yelp
  • blogspot
May News and Rate Advisor

system.header.2.png


Courtesy of  Phil Romano, CPMB 905-516-1150

Certified Professional Mortgage Broker #M10002221
Verico House of Mortgage Experts
philromano@vhme.ca
www.philrom.com

Welcome to the May issue of the News & Rate Advisor.
Current Discount Mortgage Rates May 2016
Variable Rate 2.35%
1 Year 2.29%
2 Year 2.19%
3 Year 2.29%
4 Year 2.49%
5 Year 2.64%
7 Year 3.64%
10 Year 3.84%
Prime Rate 2.70%
Canadian Qualifying Rate May 2016
Rate 4.64%
Source: Bank of Canada
Current Posted Mortgage Rates May 2016 May 2015 May 2014
1 Year 3.14% 2.89% 3.14%
3 Year 3.39% 3.39% 3.75%
5 Year 4.64% 4.64% 4.79%
Source: Bank of Canada
Nationwide Building Permits Mar 2016 Mar 2015 Mar 2014
Residential $4,416,588,000 $4,418,463,000 $3,672,691,000
Commercial $2,442,053,000 $2,448,640,000 $2,300,869,000
Total $6,858,641,000 $6,867,103,000 $5,973,560,000
Source: Stats Canada - preliminary figures
Current Bank of Canada Rate & Prime Rates May 2016 May 2015 May 2014
Bank Rate 0.75% 1.00% 1.25%
Prime Rate 2.70% 2.85% 3.00%
Source: Bank of Canada


Average House Prices by City Mar 2016 Mar 2015 Mar 2014
Yellowknife $406,620 $377,244 $328,945
Vancouver $1,093,267 $891,652 $801,543
Victoria $575,858 $508,807 $493,323
Edmonton $379,524 $373,005 $361,870
Calgary $455,220 $457,422 $462,994
Saskatoon $336,425 $337,982 $344,600
Regina $307,609 $300,148 $328,781
Toronto $688,181 $613,933 $557,684
Hamilton-Burlington $486,008 $443,706 $410,553
Ottawa-Carleton $368,798 $362,918 $359,286
Quebec City $259,851 $262,214 $252,400
Montreal $336,138 $331,216 $320,558
Fredericton $177,441 $175,632 $175,007
Saint John $154,700 $301,769 $169,978
Halifax-Dartmouth $281,822 $277,377 $268,333
Winnipeg $287,692 $281,269 $278,527
Source: CREA - Most Recent Month Reported
Average House Prices by Province Mar 2016 Mar 2015 Mar 2014
National $508,567 $439,144 $401,419
Yukon $322,267 $307,800 $328,954
Northwest Territories $406,620 $377,244 $328,945
British Columbia $771,620 $641,799 $562,316
Alberta $392,145 $398,856 $402,933
Saskatchewan $297,823 $292,847 $304,428
Manitoba $277,202 $272,344 $269,865
Ontario $521,178 $466,404 $435,046
Quebec $274,616 $270,245 $264,197
New Brunswick $154,371 $150,807 $156,795
Prince Edward Island $194,094 $165,693 $174,311
Nova Scotia $223,520 $226,613 $213,336
Newfoundland $258,563 $273,645 $288,865
Source: CREA - Most Recent Month Reported


 "Always Striving to be your Trusted Mortgage Advisor!"
system.footer.2.png


Powered By GoMax Solutions

TD Weekly Bottom Line
Reverse Mortgage Specialist

MBD_Certified_Badge-Final.jpg

Rent or Buy Video

What Can you Afford Video

Home Buying Costs

Contact Info
Agent
Phil Romano

Certified Professional Mortgage Broker M10002221

Verico House of Mortgage Experts #11972

www.philrom.com
  

905-516-1150 888-812-8292 philromano@vhme.ca
Contact Me
Social Media