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My Rates

1 Year 2.89%
2 Years 2.89%
3 Years 2.69%
4 Years 2.89%
5 Years 2.94%
7 Years 3.69%
10 Years 3.74%
*Rates subject to change and OAC
BROKERAGE LICENSE ID
10317
Cathy  Parker Senior Mortgage Planner

Cathy Parker

Senior Mortgage Planner


Phone:
Address:
3-610 Wright Avenue, Dartmouth, Nova Scotia

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What will your mortgage cost you? We get wrapped up in the search for the lowest (number)  interest rate but why if you don't know how the rate impacts your mortgage. Many Canadian homeowners pay too much for their homes over the life of the mortgage because they are not getting the best advice and mortgage  plan in the market. I will show you how to save money in your mortgage without comprimising your cash flow.

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.

But I’m here to help!

I’m a Senior Premiere Mortgage Planner and an independent, unbiased, expert, I have access to many mortgage products from a variety of lenders at my fingertips. I work with you to determine the best product that will meet your immediate financial and future goals.

Whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the Premiere Mortgage Planner who can help you get the right financing, from the right lender, at the right rate.

Call me for todays unpublished rate specials!

Cathy


BLOG / NEWS Updates

Housing Market Digest by Will Dunning, Economist for Mortgage Professionals Canada

The Office of the Superintendent of Financial Institutions (OSFI) now requires that all residential mortgages by federally-regulated lenders must be stress-tested, at two percentage points above the contract interest rate (or the 5- year posted rate, if that is higher). In combination with the requirements for mortgage insurance, about 90% of all new mortgages will be tested. This can be expected to reduce housing activity by 10-15%. It is on top of the impact from recent rises for mortgage interest rates (another 5-10% drop in activity). The combined 15-25% drop in housing activity will affect the broader economy. In two years, employment could be 150,000-250,000 lower than it would otherwise be. There is a risk that house prices will fall. In a modern economy, a sustained drop in house prices is one of the most dangerous things that can happen: as happened in the US a decade ago, falling house prices can turn into widespread economic decline. Resale activity recovered a bit more in September, to 492,900, due to partial rebounds in BC and Ontario. Activity is flat in most other areas. CREAs House Price Index was flat in September. The year-over-year change is now 10.7% (down from the peak of 19.7% that was seen in April). The sales-to-new-listings ratio (SNLR) was 55.7% in September, slightly above the balanced market threshold of 51%. This indicator points to an outlook for stable prices (at worst). But, as noted, OSFIs stress test policy creates a risk of falling prices. We should, in general, expect that resale activity will trend upwards over time, because the population is growing and the housing inventory is expanding. Therefore, it is useful to look at sales on a per capita basis. Recent activity is below the long-term average.

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.

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