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My Rates

6 Months 4.75%
1 Year 2.99%
2 Years 3.29%
3 Years 3.44%
4 Years 2.99%
5 Years 3.34%
7 Years 3.59%
10 Years 3.89%
*Rates subject to change and OAC
AGENT LICENSE ID
M08007035
BROKERAGE LICENSE ID
11947
Carla Gervais Director Of Sales and Operations

Carla Gervais

Director Of Sales and Operations


Address:
2725 Queensview Dr. Suite 500, Ottawa, Ontario

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MORTGAGE ADVICE YOU CAN COUNT ON

 

Do you have a mortgage up for renewal or do you want to better understand your current mortgage options? Don’t just sign that bank letter, call me to discuss your options, create a plan to pay down faster or ways to take advantage of today’s low rates.

 

Considering a new home purchase? Whether you are upsizing, downsizing, looking at rental investment properties or considering a second home, let me help you through the qualification process and get you the best deal for your situation.

 

Want to access equity in your home? Consolidate Debts, access cash for investments or renovations, a new car or vacation, help your child with education costs, call me to see what is available for your unique situation.

 

MY PROMISE TO YOU

 

Choice & Advise: I can provide a wide range of products from various lenders and guide you through the different options to help you choose what mortgage terms and options are right for your specific needs.

 

Service: My service to you is free. I will help you through the entire mortgage process ensuring you understand every aspect and have a positive experience.

Savings: I can provide you with the best terms, options and rates that could save you thousands in interest costs over the term of your mortgage. 


BLOG / NEWS Updates

Canadian home sales activity improves in June

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were up from May to June 2018. Highlights: National home sales rose 4.1% from May to June. Actual (not seasonally adjusted) activity was down 10.7% from June 2017. The number of newly listed homes eased 1.8% from May to June. The MLS Home Price Index (HPI) in June was up 0.9% year-over-year (y-o-y). The national average sale price edged down 1.3% y-o-y in June. National home sales via Canadian MLS Systems rose 4.1% in June 2018 compared to May. While this marks the first substantive month-over-month increase this year, sales remain well down from monthly levels recorded over the past five years. More than 60% of all local housing markets reported increased sales activity in June compared to May, led by the Greater Toronto Area (GTA). By contrast, sales in British Columbia continue to moderate. Actual (not seasonally adjusted) activity was down almost 11% compared to June 2017. Sales marked a five-year low and stood almost 7% below the 10-year average for the month of June. Activity came in below year-ago levels in about two-thirds of all local markets, led overwhelmingly by those in the Lower Mainland of British Columbia. This years new stress-test on mortgage applicants has been weighing on homes sales activity; however, the increase in June suggests its impact may be starting to lift, said CREA President Barb Sukkau. The extent to which the stress-test continues to sideline home buyers varies by housing market and price range. All real estate is local, and REALTORS remain your best source for information about sales and listings where you live or might like to in the future, said Sukkau.

Bank of Canada raises overnight rate target to 1 ½ per cent

The Bank of Canada today increased its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1 per cent. The Bank expects the global economy to grow by about 3 per cent in 2018 and 3 per cent in 2019, in line with the April Monetary Policy Report (MPR). The US economy is proving stronger than expected, reinforcing market expectations of higher policy rates and pushing up the US dollar. This is contributing to financial stresses in some emerging market economies. Meanwhile, oil prices have risen. Yet, the Canadian dollar is lower, reflecting broad-based US dollar strength and concerns about trade actions. The possibility of more trade protectionism is the most important threat to global prospects. Canadas economy continues to operate close to its capacity and the composition of growth is shifting. Temporary factors are causing volatility in quarterly growth rates: the Bank projects a pick-up to 2.8 per cent in the second quarter and a moderation to 1.5 per cent in the third. Household spending is being dampened by higher interest rates and tighter mortgage lending guidelines. Recent data suggest housing markets are beginning to stabilize following a weak start to 2018. Meanwhile, exports are being buoyed by strong global demand and higher commodity prices. Business investment is growing in response to solid demand growth and capacity pressures, although trade tensions are weighing on investment in some sectors. Overall, the Bank still expects average growth of close to 2 per cent over 2018-2020.

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