Written by Masoum Jalili
As qualified mortgage brokers, we know part of our job is to find the best Toronto mortgage ratesavailable for our valued customers. It’s also important for us to keep you updated on the latest trends in your local market, as well as an overview of mortgage news in general.
This past week, the newly appointed governor of the Bank of Canada indicated he has no intention of raising interest rates, at least in the short term. In his first official address before the Commons finance committee, Stephen Poloz said keeping the key lending rate steady at one percent will help Canada’s central bank build confidence and nurture economic growth.
Many analysts agree Mr. Poloz has his work cut out for him. Not only is he replacing the popular, outgoing governor, Mark Carney, and the respect his policies earned among financial counterparts in markets around the world, but he must also encourage Canadians to continue to bear down and reduce debt. There is no doubt, historic low interest rates have allowed borrowers some of the best lending conditions in recent years and despite the fact these lending rates may be transitory, Mortgage brokers toronto know that real estate is still one of the best places to invest.
When you need financing advice or you’re searching for financing options for your residential or commercial needs, consider our services. We’ll negotiate with the lender on your behalf and assist with the paperwork to make the financing process as smooth as possible. We can even help people with less than perfect credit secure a loan. Remember, you don’t pay for our services and we only receive payment from the lender when the loan is signed and approved. We’re licensed professionals with access to multiple lenders so you can compare the lowest Toronto mortgage rates and best terms to suit your circumstances.
