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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
M08000257
BROKERAGE LICENSE ID
11947
Susanna Penning Mortgage Agent

Susanna Penning

Mortgage Agent


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

BROWSE

PARTNERS

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COMPLETE

THE SURVEY

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A FRIEND

OUR VISION

Our vision is to be the preferred and most-trusted mortgage broker in Ottawa, and hence develop a solid base of clients who continually repeat and refer.

 

OUR MISSION

We will achieve this mission with a team of solid professionals who continually set an industry standard for excellence and integrity. We’ll strive to provide each client, with unique and individual needs, an experience that cannot be found elsewhere. Through the highest level of professional competence, we’ll finalize your most important financial transaction with seamless perfection.

 

OUR CULTURE

  1. Integrity

  2. Efficiency

  3. Compliance

  4. Fun

  5. Positivity

  6. Teamwork

  7. Commitment

  8. Respect

  9. Reliability

  10. Consistency

  11. Accuracy

  12. Perseverance

 
When it comes to your mortgage, your interest is our interest.
 
We will simplify a mortgage for you. It doesn’t have to be difficult. Our 30 years of combined experience in the financial industry provides us with the knowledge we 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".

BLOG / NEWS Updates

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.

Multi-family dwellings reach record high

The value of permits issued by Canadian municipalities increased 4.7% to $8.2 billion in May. This followed a 4.7% drop in April, the only month this year where municipalities reported a total value below the $8.0 billion mark. In the residential sector, municipalities issued $5.5 billion worth of permits in May, up 7.7% from April. This was the second-highest value on record, following the $5.7 billion worth of permits issued in October 2016. Five provinces posted increases, with Ontario and British Columbia reporting the largest gains. The multi-family dwelling component reached a record high in May, with municipalities issuing $3.1 billion worth of building permits. The increase was the result of higher construction intentions in British Columbia, Ontario and Alberta. The value of single-family dwelling permits also rose in May, up 6.2% from the previous month to $2.5 billion. This was the first increase following four consecutive monthly declines. Ontario led the seven provinces that registered increases. Municipalities approved the construction of 21,344 new dwellings in May, up 6.6% from April. The rise was mainly attributable to multi-family dwellings, up 7.4% to 15,983 new units. Single-family dwellings increased 4.3% to 5,361 new units.

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