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My Rates

1 Year 2.99%
2 Years 2.89%
3 Years 2.94%
4 Years 3.09%
5 Years 2.94%
7 Years 3.54%
10 Years 3.94%
*Rates subject to change and OAC
AGENT LICENSE ID
M14001798
BROKERAGE LICENSE ID
10349
Jason Hollingworth Mortgage Agent

Jason Hollingworth

Mortgage Agent


Phone:
Address:
7676 Woodbine Ave, Markham, Ontario

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Welcome and thank you for taking the time to visit my website.

 

Whether you are buying your first home, looking to build your dream home or looking to achieve debt and financial freedom I can help.  My objective is to understand my clients short and long term goals so that I can provide sound mortgage advice and a strategic plan to achieving those goals.

 

Unlike the banks, a Licensed Mortgage Agent works directly for our client and not the company or shareholders. I have relationships with over 40 different lenders and my only incentive is to help my clients minimize their interest costs and free up their cash flow.

 

I welcome to opportunity to speak with you anytime. Should any questions arise please do not hesitate to contact me day or night. I look forward to helping with your mortgage financing needs. 

 

Kind regards,

Jason


BLOG / NEWS Updates

Housing Market Digest by Will Dunning, Economist for Mortgage Professionals Canada

The Office of the Superintendent of Financial Institutions (OSFI) now requires that all residential mortgages by federally-regulated lenders must be stress-tested, at two percentage points above the contract interest rate (or the 5- year posted rate, if that is higher). In combination with the requirements for mortgage insurance, about 90% of all new mortgages will be tested. This can be expected to reduce housing activity by 10-15%. It is on top of the impact from recent rises for mortgage interest rates (another 5-10% drop in activity). The combined 15-25% drop in housing activity will affect the broader economy. In two years, employment could be 150,000-250,000 lower than it would otherwise be. There is a risk that house prices will fall. In a modern economy, a sustained drop in house prices is one of the most dangerous things that can happen: as happened in the US a decade ago, falling house prices can turn into widespread economic decline. Resale activity recovered a bit more in September, to 492,900, due to partial rebounds in BC and Ontario. Activity is flat in most other areas. CREAs House Price Index was flat in September. The year-over-year change is now 10.7% (down from the peak of 19.7% that was seen in April). The sales-to-new-listings ratio (SNLR) was 55.7% in September, slightly above the balanced market threshold of 51%. This indicator points to an outlook for stable prices (at worst). But, as noted, OSFIs stress test policy creates a risk of falling prices. We should, in general, expect that resale activity will trend upwards over time, because the population is growing and the housing inventory is expanding. Therefore, it is useful to look at sales on a per capita basis. Recent activity is below the long-term average.

Employment increased by 35,000 in October

In October, employment rose for youth aged 15 to 24, while it was little changed for the core-aged population of 25- to- 54 year-olds, and for people 55 and older. The largest employment increase was in Quebec, followed by Alberta, Manitoba, Newfoundland and Labrador, and New Brunswick. At the same time, there was a decline in Saskatchewan. Employment rose in several industries, led by other services; construction; information, culture and recreation; and agriculture. Employment declined in wholesale and retail trade. The number of private sector employees increased in October, while public sector employment and self-employment were little changed.

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