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My Rates

1 Year 2.99%
2 Years 2.89%
3 Years 2.94%
4 Years 3.09%
5 Years 2.94%
7 Years 3.54%
10 Years 3.94%
*Rates subject to change and OAC
AGENT LICENSE ID
M09000057
BROKERAGE LICENSE ID
10349
Tim Fong Mortgage Agent

Tim Fong

Mortgage Agent


Phone:
Address:
7676 Woodbine Avenue, Suite 300, Markham, Ontario

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Welcome and thank you for taking the time to visit my website.

 

If you are looking to achieve your dream of home ownership or looking to achieve debt and financial freedom, please feel free to give me a call.  My objective is to provide sound mortgage advice and strategies to reduce your overall debt, free up cash flow and minimize interest costs.

 

Feel free to also follow me via social media for the icons above.

 

To the left, you can view references from my past clients to see the additional value I bring compared to your typical banker.   

 

If you have any questions, comments or concerns, please feel free to call or email me directly. I will always be happy to assist and I look forward to helping you with your financing needs.

 

Thank you, Tim

 


BLOG / NEWS Updates

Employment increased by 35,000 in October

In October, employment rose for youth aged 15 to 24, while it was little changed for the core-aged population of 25- to- 54 year-olds, and for people 55 and older. The largest employment increase was in Quebec, followed by Alberta, Manitoba, Newfoundland and Labrador, and New Brunswick. At the same time, there was a decline in Saskatchewan. Employment rose in several industries, led by other services; construction; information, culture and recreation; and agriculture. Employment declined in wholesale and retail trade. The number of private sector employees increased in October, while public sector employment and self-employment were little changed.

Canadian home sales edge up again in October

According to statistics released by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago. Newly introduced mortgage regulations mean that starting January 1st, all home buyers applying for a new mortgage will need to pass a stress test to qualify for mortgage financing, said CREA President Andrew Peck. This will likely influence some home buyers to purchase before the stress test comes into effect, especially in Canadas pricier housing markets. A professional REALTOR is your best source for information and guidance in negotiations to purchase or sell a home during these changing times. Home sales via Canadian MLS Systems edged up 0.9% in October 2017 on the heels of monthly increases in August and September, but remained almost 11% below the record set in March. National sales momentum is positive heading toward year-end, said Gregory Klump, CREAs Chief Economist. It remains to be seen whether that momentum can continue once the recently announced stress test takes effect beginning on New Years day. The stress test is designed to curtail growth in mortgage debt. If it works as intended, Canadian economic growth may slow by more than currently expected.

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