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AGENT LICENSE ID
NS#161880285 ON#M08003750
BROKERAGE LICENSE ID
NS161759015 NB160000476 ONT M18000001
Catherine E Fogarty Mortgage Broker

Catherine E Fogarty

Mortgage Broker


Address:
., Toronto, Ontario / Halifax, Nova Scotia

BROWSE

PARTNERS

BROWSE

PARTNERS

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THE SURVEY

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A FRIEND

Catherine is amazing.

For me being a new comer to Canada (on a working visa)  helped me get my mortgage to buy my house in a couple of days.
She managed to get me also a good mortgage rate.
I highly recommend Catherine and for sure I will collaborate with her in the future.
~ Adelin, Halifax NS

 

When I bought my first house my Realtor told me “you MUST see my Mortgage Broker Catherine Fogarty”. I have since gone to her with all of my mortgage needs and consider her a trusted family friend. Thanks Cat!
~ Monika, Toronto ON

 

I have no idea what to say! Lol "you're awesome!"
As a first time home owner I relied on Catherine's expertise in handling all of my mortgage needs. She walked me through each step and made the process less stressful.
~ Chris, Dartmouth NS
 
I found myself ending my marriage and starting a new chapter in my life. Needless to say it was a very difficult time, many changes occurred and I had a tremendous amount of loose ends to tie up. My biggest obstacle was keeping my beloved home and all the stress that came with it. Catherine provided me with a new mortgage at a great rate and did all the legwork with me just providing the basic details for her. I can't say enough about how she took my situation into consideration and made the transaction seamless. The mortgage she provided made it so I could be more comfortable financially and didn't have to worry about the day to day anymore. Thank you Catherine.
~ Rhonda, Bedford NS
 
I work in finance but I still call Catherine to broker all of my mortgages during the last several years. She has been there since the first purchase, to many others, including showing us how to add rental properties to our investment portfolio. She saved us time, cost, and helped increase our bottom line. I refer her to all of my family, friends, and colleagues.
~ Daniel, Toronto ON & Beeton, ON
 

As first time home buyers we were very lucky to have Catherine on our side. She diligently sought out the best rates and situation for myself and my wife and gave us excellent advice all the way through the process.
When it looked like we may not get our Mortage, she fought for us and made it happen where others may have given up.

Catherine made herself available to us far beyond regular business hours and was a pleasure to deal with.
If you want an expert on your side that will go above and beyond to make things happen I would highly recommend her!
~ Tony, Dartmouth NS

 

Catherine saved me from myself, navigating my first home purchase and renewals is overwhelming with so much happening in such a short period of time.  Catherine was there with solid mortgage advice and options through the entire process.  I know that she saved me money by finding the best solution every time.  I will continue to trust Catherine with every renewal I have and still recommend her to my closest friends and family, frankly anyone else that will listen as well.
~ Kevin, Newmarket, ON


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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