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My Rates

1 Year 3.19%
2 Years 3.34%
3 Years 3.54%
4 Years 3.54%
5 Years 3.34%
7 Years 4.04%
10 Years 4.09%
*Rates subject to change and OAC
AGENT LICENSE ID
M08004226
BROKERAGE LICENSE ID
10317
Kristen Gignac Mortgage Broker

Kristen Gignac

Mortgage Broker


Phone:
Address:
1454 King Street East, Suite 3, Kitchener, Ontario

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BENEFITS OF WORKING WITH A MORTGAGE BROKER

Why use an accountant? Why use a mechanic? Why go to the doctor? Like all industries, specialized experience is what gives us the edge. Finding the right mortgage broker can provide optimum results.

Just as a GPS determines your current position before giving you the direction to where you are going, we will ask the necessary questions to narrow down the options to determine the best action plan for you and your family’s future. Whether you are looking to down-size because the kids are going to college or upgrade your home with a growing family the plan on how to get there from where you are currently positioned is always the first and best step in getting you there. We can help you make it happen.

Mortgages can be complicated and the main benefit of using a mortgage broker is so you don’t have to know everything about the industry but still have access to the advantages offered to people who do!

Why not just go to your bank? They can only offer you the products they have available, as they are a lender. A mortgage broker has access to bank products as well as other lenders’ product options to ensure you get a true selection from the best of the best of what is being offered in the marketplace.

Contact us today to find out how we can help make your dreams a reality!

Contact Kristen Gignac, Experienced Mortgage Broker for all your commercial and residential mortgage needs across Etobicoke, Toronto, Pickering and surrounding areas.


BLOG / NEWS Updates

CREA Updates Resale Housing Market Forecast

The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS) Systems of Canadian real estate Boards and Associations in 2018 and 2019. Housing market fundamentals remain strong in many parts of the country. Nonetheless, many housing markets continue to struggle in the face of policy headwinds. The new mortgage stress test announced last October had been expected to cause homebuyers to rush purchases in advance of the new rules coming into effect in January and for the pull-forward of sales activity to result in fewer transactions in the first half of 2018. Evidence suggests the policy response was stronger than expected, with seasonally adjusted national home sales last December having surged to the highest level ever recorded before dropping sharply in early 2018. Actual (not seasonally adjusted) national sales figures for March, April and May are typically among the most active months in any given year. Combined sales fell to a nine-year low for the three-month period. The seasonally adjusted trend suggests sales momentum has not yet begun to rally. Interest rates are widely expected to rise further this year and next. Home sales activity is nonetheless still expected to strengthen modestly in the second half of 2018 as housing market uncertainty diminishes. Taking these factors into account, the national sales forecast has been revised downward and is now projected to decline by 11% to 459,900 units this year. The decrease almost entirely reflects weaker sales in B.C. and Ontario amid heightened housing market uncertainty, provincial policy measures, high home prices, ongoing supply shortages and this years new mortgage stress test.

Bank of Canada maintains overnight rate target at 1¼ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1 per cent. Global economic activity remains broadly on track with the Banks April Monetary Policy Report (MPR) forecast. Recent data point to some upside to the outlook for the US economy. At the same time, ongoing uncertainty about trade policies is dampening global business investment and stresses are developing in some emerging market economies. Global oil prices have been higher than assumed in April, in part reflecting geopolitical developments. Inflation in Canada has been close to the 2 per cent target and will likely be a bit higher in the near term than forecast in April, largely because of recent increases in gasoline prices. Core measures of inflation remain near 2 per cent, consistent with an economy operating close to potential. As usual, the Bank will look through the transitory impact of fluctuations in gasoline prices. In Canada, economic data since the April MPR have, on balance, supported the Banks outlook for growth around 2 per cent in the first half of 2018. Activity in the first quarter appears to have been a little stronger than projected. Exports of goods were more robust than forecast, and data on imports of machinery and equipment suggest continued recovery in investment. Housing resale activity has remained soft into the second quarter, as the housing market continues to adjust to new mortgage guidelines and higher borrowing rates. Going forward, solid labour income growth supports the expectation that housing activity will pick up and consumption will continue to contribute importantly to growth in 2018.

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