My Rates

6 Months 4.75%
1 Year 2.99%
2 Years 3.09%
3 Years 3.29%
4 Years 3.39%
5 Years 3.24%
7 Years 3.39%
10 Years 3.79%
*Rates subject to change and OAC
Susanna Penning Mortgage Agent

Susanna Penning

Mortgage Agent

2725 Queensview Dr Suite 500, Ottawa, Ontario








When it comes to your mortgage, your interest is my interest.
I will simplify a mortgage for you. It doesn’t have to be difficult. My 25 years of experience in the financial industry provides me with the knowledge I need to get you a great rate while providing excellent customer service to help your home ownership dreams become a reality.
Let Me Show You How I am Different…
The Mortgage Advisors has a dedicated team of elite brokers and agents that will do what it takes to secure the right mortgage for you by:
Working for you. Your Mortgage Expert understands the needs of clients and the complexities involved in obtaining and communicating their financing requirements.
Representing you. Your Mortgage Expert does business with a variety of lenders compared to traditional institutions concerned in selling only “their” product.
Utilizing their independence. Your Mortgage Expert has access to a wide range of Financial Services and Products to ensure financing requirements are met precisely with the customers’ best interest in mind.
Having a strong understanding of the marketplace. Your Mortgage Expert will shop for the best deal, without the inconvenience of setting up appointments and the subsequent credit inquiries.
Maintaining a professional standard. Your Mortgage Expert is required to be registered with the Ministry of Finance and complete the required educational programs ongoing.
Upholding strict confidentiality. Integrity that you can trust.
Providing you with peace of mind. Working with you, “Working for you”.
Get A Mortgage Broker Working For You!
Buying a home is one of the most significant investments you can make in life. The question is; what are you going to do to ensure you find the right mortgage for your needs and circumstances? A mortgage broker is the perfect answer.
Everyone has the right to make their own financial decisions, but when you are trying to find a mortgage, going it alone is not always the easiest choice. The mortgage industry is large, complex and highly varied, and it always takes resources and know-how to make the best decisions.
Even if you are educated and experienced with the mortgage market, you might not be aware of every available option and which options are truly going to be of benefit to you and save you the most money.

BLOG / NEWS Updates

Canadian Income Survey, 2016

Canadian families and unattached individuals had a median after-tax income of $57,000 in 2016. Median after-tax income increased from 2011 to 2014, but held steady in 2015 and 2016. The slower growth in 2015 and 2016 was associated with the resource price slowdown, which began in the second half of 2014. After-tax income is comprised of income from market sources and government transfers. Market income includes employment income, retirement income and income from investments, while government transfers include benefits to seniors, child benefits, Employment Insurance benefits, social assistance and other benefits. While growth in overall median after-tax income slowed in 2015 and 2016, there was also a significant increase in government transfer income. Median income from government transfers rose from $5,800 in 2014 to $7,400 in 2016. About half of this rise was due to increased child benefits, which became a larger source of income for families with children. In 2014, the median child benefit received by couple families with children were $2,500. This rose to $3,400 in 2015, and to $4,000 in 2016. For a lone-parent family, the median benefits rose from $5,100 in 2014 to $5,800 in 2015, and then to $6,400 in 2016.

Bank of Canada maintains overnight rate target at 1 1/4 per cent

The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Global growth remains solid and broad-based. In the United States, new government spending and previously-announced tax cuts are anticipated to boost growth in 2018 and 2019. However, trade policy developments are an important and growing source of uncertainty for the global and Canadian outlooks. In Canada, the national accounts data show that the economy grew by 3 per cent in 2017, bringing the level of real GDP in line with the projection in the Banks January MonetaryPolicy Report (MPR). In the fourth quarter, GDP growth was slower than expected, largely due to higher imports, while exports made only a partial recovery from their third-quarter decline. The gain in imports mainly reflected stronger business investment, which adds to the economys capacity. Strong housing data in late 2017, and softer data at the beginning of this year, indicate some pulling forward of demand ahead of new mortgage guidelines and other policy measures. It will take some time to fully assess the impact of these, as well as recently announced provincial measures, on housing demand and prices. More broadly, the Bank continues to monitor the economys sensitivity to higher interest rates. Notably, household credit growth has decelerated for three consecutive months. The implications of the recent federal budget for the outlook for growth and inflation will be incorporated in the Banks April projection. Inflation is running close to the 2 per cent target and the Banks core measures of inflation have edged up, consistent with an economy operating near capacity. Wage growth has firmed, but remains lower than would be typical in an economy with no labour market slack. Inflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages. In this context, Governing Council maintained the target for the overnight rate at 1 1/4 per cent. While the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be needed to keep the economy operating close to potential and inflation on target. Governing Council will remain cautious in considering future policy adjustments, guided by incoming data in assessing the economys sensitivity to interest rates, the evolution of economic capacity, and the dynamics of both wage growth and inflation.


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