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My Rates

6 Months 6.30%
1 Year 2.09%
2 Years 2.04%
3 Years 2.24%
4 Years 2.39%
5 Years 2.29%
7 Years 3.29%
10 Years 3.74%
*Rates subject to change and OAC
AGENT LICENSE ID
M08001411
BROKERAGE LICENSE ID
12597
Nitesh Kumar Mortgage Broker

Nitesh Kumar

Mortgage Broker


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13 - 70 Delta Park Blvd, Brampton, Ontario

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We know that different people need different things in a mortgage. That's why we have solutions for all kinds of homeowners. Whether you are buying your first home, an investment or cottage property, or looking at home renovations or renewing your mortgage, we have a mortgage solution for you.

For most people, arranging a mortgage is the largest financial decision they will make in their lifetime. Let us help you make an educated decision as the mortgage you choose will form the foundation of your financial stability.

 

We negotiate with major financial institutions, chartered banks, trust and insurance companies, Canada Mortgage and Housing Corporation, Genworth Financial and others to bring our clients the most competitive mortgage rates and terms. We usually earn a commission or fee from the lender for all the work, advertising and promotion done on their behalf. Our professional services are provided, at most cases, at no cost to you.

 

As our client, you can choose form the widest range of options, obtain the most competitive rate and best product suited for your specific needs.

 

We are not just another mortgage company!

We are here to assist you in the best possible way by providing “Hands on Service”!

We are here because a qualified applicant can demand the best!


BLOG / NEWS Updates

Canadian home sales fall in April

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to April 2018. Highlights: National home sales fell 2.9% from March to April. Actual (not seasonally adjusted) activity was down 13.9% from April 2017. The number of newly listed homes declined 4.8% from March to April. The MLS Home Price Index (HPI) in April was up 1.5% year-over-year (y-o-y). The national average sale price declined by 11.3% y-o-y in April. National home sales via Canadian MLS Systems declined by 2.9% in April 2018 to the lowest level in more than five years (Chart A). About 60% of all local housing markets reported fewer sales, led by the Fraser Valley, Calgary, Ottawa and Montreal. Actual (not seasonally adjusted) activity was down 13.9% compared to April of last year and hit a seven-year low for the month. It also stood 6.9% below the 10-year average for the month. Activity was below year-ago levels in about 60% of all local markets, led overwhelmingly by the Lower Mainland of British Columbia and by markets in and around Ontarios Greater Golden Horseshoe (GGH) region. The stress-test that came into effect this year for homebuyers with more than a twenty percent down payment continued to cast its shadow over sales activity in April, said CREA President Barb Sukkau. Its impact on housing markets varies by region, she added. A professional REALTOR is your best source for information and guidance in negotiations to purchase or sell a home during these changing times, said Sukkau. This years new stress test has lowered sales activity and destabilized market balance for housing markets in Alberta, Saskatchewan and Newfoundland and Labrador Provinces, said Gregory Klump, CREAs Chief Economist. This is exactly the type of collateral damage that CREA warned the government about. As provinces whose economic prospects have faced difficulties because they are closely tied to those of natural resources, it is puzzling that the government would describe the effect of its new policy as intended consequences. https://www.crea.ca/news/canadian-home-sales-fall-in-april/

First quarter: The value of multi-family dwellings leads the rise

Canadian municipalities issued $24.9 billion worth of building permits in the first quarter of 2018, up 3.3% compared with the fourth quarter of 2017. Construction intentions for residential dwellings led the national increase, rising 6.9% from the fourth quarter of 2017 to $15.9 billion in the first quarter of 2018. The 18.4% increase of the multi-family component more than offset a 3.5% decline in the single-family component. On the other hand, the value of non-residential building permits fell 2.6% from the fourth quarter of 2017 to $9.0 billion in the first quarter of 2018. The drop was the result of lower activity in both the industrial and institutional components.

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