HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM

My Rates

1 Year 2.29%
2 Years 2.29%
3 Years 2.44%
4 Years 2.44%
5 Years 2.29%
7 Years 3.44%
10 Years 3.84%
*Rates subject to change and OAC
AGENT LICENSE ID
M16000671
BROKERAGE LICENSE ID
10349
Avi Chaudhury Mortgage Agent

Avi Chaudhury

Mortgage Agent


Phone:
Address:
7676 Woodbine Avenue , Markham, Ontario

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

Your Search for the perfect mortgage ends here !

 

Hello & Welcome!

 

A mortgage is a necessary tool needed to acquire real estate, an asset. Hence it is very important to get the right advice and the right product for one’s needs.

 

Getting the correct advice can be very tricky and frustrating when it comes to mortgages.

 

An individual is often baffled by the many choices available in the mortgage industry but seldom gets to make the correct choice due to flashy and false advertising. This is where qualified mortgage professionals needed to point the individual in the right direction.

 

Now the question remains, why come to an independent Mortgage Agent, when where are the big financial institutions, ready to service our needs?

 

Simply because big financial institutions have limited options available, and often products cannot be tailored to meet an individual’s needs.

 

On the other hand, a Mortgage Agent works with different lenders – as a result, the individual is provided the best-suited options, and is asked to choose before committing oneself. Therefore, the risk of making a bad choice is significantly reduced and often avoided.

 

Whether you are a first-time home buyer, looking for the right advice and guidance or an investor looking for a business opportunity, or simply renewing or refinancing for debt consolidation, a sound advice is imperative.

 

As a qualified Mortgage Agent, and with my team of lawyers and real estate professionals, I am committed to fulfilling your financial goals and help make lives better through extraordinary service, honesty and integrity.

 

So please feel free to utilize this website to get any of your mortgage queries answered, and if you do have any further questions, or I can be of help in any way, please do reach out to me at 647-921-6385 or achaudhury@northwoodmortgage.com, I would be happy to assist you.

 

Thank you for giving me the opportunity to be a part of a defining moment of your life.

 


BLOG / NEWS Updates

Canadian home sales edge down from December to January

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were down slightly in January 2017 on a month-over-month basis. Highlights: - National home sales declined 1.3% from December 2016 to January 2017 - Actual (not seasonally adjusted) activity in January was up 1.9% from a year earlier - The number of newly listed homes dropped 6.7% from December 2016 to January 2017 - The MLSHome Price Index (HPI) in January was up 15.0% year-over-year (y-o-y) - The national average sale price was little changed (+0.2%) y-o-y in January Sales activity was down from the previous month in about half of all local markets, led by three of Canadas largest urban centres: the Greater Toronto Area (GTA), Greater Vancouver, and Montreal. Actual (not seasonally adjusted) sales activity was up 1.9% compared to the same month last year. While sales were up from year-ago levels in about two-thirds of all local housing markets including in the GTA, Calgary, Edmonton, London and St Thomas, and Montreal, they were down significantly in the Lower Mainland of British Columbia. The number of newly listed homes dropped 6.7% in January 2017, the second consecutive monthly decline. New listings were down in about two-thirds of all local markets, led by the GTA and environs across Vancouver Island. With the monthly decline in new listings surpassing the decline in sales, the national sales-to-new listings ratio jumped to 67.7% in January compared to 64.0% in December and 60.2% in November. The ratio was above 60% in about half of all local housing markets in January, the vast majority of which are located in British Columbia, in and around the GTA and across southwestern Ontario. A monthly decline in newly listed homes further tightened housing markets that were already in sellers market territory. There were 4.6 months of inventory on a national basis at the end of January 2017 unchanged from December 2016 and a six-year low for the measure. The imbalance between limited housing supply and robust demand in Ontarios Greater Golden Horseshoe region is without precedent (the region includes the GTA, Hamilton-Burlington, Oakville-Milton, Guelph, Kitchener-Waterloo, Cambridge, Brantford, the Niagara Region, Barrie and nearby cottage country). The number of months of inventory in January 2017 stood at or below one month in the GTA, Hamilton-Burlington, Oakville-Milton, Kitchener-Waterloo, Cambridge, Brantford and Guelph. In the Fraser Valley and Greater Vancouver, prices have receded from their peaks posted in August 2016. That said, home prices in these regions nonetheless remain well above year-ago levels (+24.9% and +15.6% respectively). Meanwhile, benchmark prices continue to climb in Victoria and elsewhere on Vancouver Island together with Greater Toronto, Oakville-Milton and Guelph. Year-over-year price gains in these five markets ranged from about 18% to 26% in January. By comparison, home prices were down 2.9% y-o-y in Calgary and by 1.0% y-o-y in Saskatoon. Prices in these two markets now stand 5.9% and 4.3% below their respective peaks reached in 2015. Home prices were up modestly from year-ago levels in Regina (+3.8%), Ottawa (+3.7%) and Greater Montreal (+3.1%). In Greater Moncton, home prices for the market overall held steady (-0.2%), reflecting an increase in townhouse row units prices (5.8%) that was offset by a decline in prices for one-storey single family homes (-1.0%). The actual (not seasonally adjusted) national average price for homes sold in January 2017 was $470,253, almost unchanged (+0.2%) from where it stood one year earlier. The national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater Toronto, which remain two of Canadas tightest, most active and expensive housing markets. That said, Greater Vancouvers share of national sales activity has diminished considerably over the past year, giving it less upward influence on the national average price. The average price is reduced by almost $120,000 to $351,998 if Greater Vancouver and Greater Toronto sales are excluded from calculations.

Canadian Housing Starts Trend Increased in January

The trend measure of housing starts in Canada was 199,834 units in January compared to 197,881 in December, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of Canadas housing market. In some situations analyzing only SAAR data can be misleading, as they are largely driven by the multi-unit segment of the market which can vary significantly from one month to the next. The standalone monthly SAAR for all areas in Canada was 207,408 units in January, up from 206,305 units in December. The SAAR of urban starts increased by 1.0per cent in January to 189,688 units. Multiple urban starts increased by 4.2per cent to 125,886 units in January and single-detached urban starts decreased by 4.6 per cent, to 63,802 units. In January, the seasonally adjusted annual rate of urban starts increased in Ontario and Atlantic Canada, but decreased in British Columbia, the Prairies and Quebec. Rural starts were estimated at a seasonally adjusted annual rate of 17,720 units.

MY LENDERS

TD Bank Scotia Bank First National B2B Bank Home Trust
MCAP Merix Industrial Alliance Optimum Canadiana Financial
Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital