When you’re searching for the best mortgage rates for commercial or residential loans, you can benefit from our financing expertise. The professionals here at OMJ Mortgage Capital have over four decades of industry experience.
What’s more, we’re the mortgage broker in Toronto that stays on top of industry trends. For example, the latest RE/MAX Hot Pocket Communities Report has just been released.
Here’s what you need to know if you’re looking to get into the market or refinance.
- Over half (55%) of GTA real estate markets reported double-digit price increases for detached homes.
- The first quarter of this year was characterized by strong demand. After the shock and downturn created by Covid-19, experts predict a positive impact going forward due to things like historically low interest rates.
Overall, the report looked at 65 different locations in the GTA. Of those, the biggest gains in average price happened in locations close to Toronto’s central core. Buyers who were looking to move up helped values rise almost 26% in areas like the Annex, where there was a shortage of detached homes.
The Best Mortgage Rates ?
Looking for the best mortgage rates in the most sought after neighbourhoods? We are a reputable mortgage broker in Toronto with access to all the major lenders. That means we get the preferential rates and exceptions to pass along to our clients.
Our proven track record includes the ability to fund and structure complex deals for you. That goes for commercial and residential properties across the GTA and beyond.
As far as the recent report goes, RE/MAX noted sales of detached homes were down. However, there were several rural and suburban districts showing signs of growth. York Region was at the top of this list.
