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My Rates

6 Months 3.10%
1 Year 2.44%
2 Years 2.14%
3 Years 2.34%
4 Years 2.59%
5 Years 2.64%
7 Years 3.24%
10 Years 3.79%
6 Months Open 3.10%
*Rates subject to change and OAC
AGENT LICENSE ID
M16001971
BROKERAGE LICENSE ID
10311
Radoslav Dimitrov

Radoslav Dimitrov




Phone:
Address:
1945 Leslie Street , Toronto, Ontario

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As an independent mortgage consultant I am dedicated to finding the financing solution that suits you best, based on the lowest possible interest rate and most appropriate terms for you.

 

 

I do perform comprehensive analysis of your financial situation and determine the best mortgage options for your current needs.

 

Furthermore, I am willing to work with you on a plan how to obtain a better terms mortgage loan in the near future on renewal or through refinancing.

 

Each family or person, each business or self-employee  has different financing requirements, different conditions, different strategies, and different borrowing needs for which the funding can vary in so many ways. We just have to find the right one for you.

 

 

Ready to investigate your options?

 

Do not hesitate.   Contact me now and let’s do it together :)

 

Get Mortgage Online

 

 

 

Rado


   

 


BLOG / NEWS Updates

CREA Updates and Extends 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 2017 and 2018. Canadian housing market trends continue to display considerable regional divergence. In British Columbia, activity in the Lower Mainland has cooled markedly from all-time highs recorded early last year; however, sales and price pressures elsewhere in the province remain historically strong. In the resource-intensive provinces of Alberta, Saskatchewan, and Newfoundland and Labrador, sales activity is still running at lower levels and supply is elevated. This has resulted in weakened price trends for these provinces. In housing markets around the Greater Toronto Area and including the furthest reaches of Ontarios Greater Golden Horseshoe (the region includes the GTA, Hamilton-Burlington, Oakville-Milton, Guelph, Kitchener-Waterloo, Cambridge, Brantford, the Niagara Region, Barrie and nearby cottage country), the balance between supply and demand has become increasingly tight. This is expected to lead to continued double-digit price growth, resulting in further erosion in affordability and sales activity in the absence of a significant and sustained rise in new supply. Recently tightened mortgage rules, higher mortgage default insurance premiums and an expected rise in mortgage interest rates all represent headwinds to affordability in all Canadian housing markets. It will be some time before their full impact on housing markets is evident. In some regions, the recently tightened stress test for mortgage financing qualification will force some first-time buyers to re-think how much home they can afford and may lead to a drop in home purchases as they shop for a lower priced home. In regions where there is a shortage of lower-priced inventory, some sales may be delayed as buyers save longer for a larger down payment. In markets like Vancouver and Toronto, where single family homes are in short supply and there are few affordable options, some buyers may find themselves priced out of the market entirely. In Toronto, the stress test for mortgage qualification may prompt some buyers to move further out into communities located in the Greater Golden Horseshoe where homes are more affordably priced. Nationally, sales activity is forecast to decline by 3% to 518,700 units in 2017. British Columbia is forecast to see the largest decline in sales in 2017 (-17.5%), followed by Prince Edward Island(‑10.8%). Activity in both provinces is retreating from all-time highs reached last year. Newfoundland Labrador is also forecast to see a decline in sales in 2017 (-8.4%), continuing a softening trend that stretches back nearly a decade. Alberta is forecast to have the largest increase in activity in 2017 (+5%) that still leaves it nearly 10% below the 10-year average. Elsewhere, sales activity is forecast to be little changed from 2016 to 2017. Ontario sales are forecast to rise by less than 1% in 2017, as strong demand runs up against an increasingly acute supply shortage. While prices are still rising rapidly in Ontario, British Columbia has seen a compositional shift in the average price that reflects softer sales activity in the Lower Mainland which has some of the most expensive real estate in Canada. Average prices in other provinces are either rising modestly or holding steady, reflecting well balanced supply and demand. The national average price is forecast to rise by 4.8% to $513,500 in 2017, with significant regional variations. The average price is expected to retreat by more than 5% in British Columbia as well as Newfoundland and Labrador, by 2.8% in Saskatchewan while rising by more than 15% in Ontario. In other provinces where average price last year began showing tentative signs of improving, average price gains are forecast to hold below the rate of inflation in 2017 as the impact of recent regulatory changes and higher expected mortgage rates lean against stronger demand and tighter market conditions. The national average price is forecast to rise by 5% to $539,400 in 2018, reflecting ongoing market tightness in Ontario and a further return to more normal levels in British Columbia. Price gains outside of the Greater Golden Horseshoe are not expected to approach the increase in the national average price.

CMHC to Increase Mortgage Insurance Premiums on March 17

CMHC (Canada Mortgage and Housing Corporation) will increase its homeowner mortgage loan insurance premiums effective March 17, 2017. Premiums are calculated based on the loan-to-value ratio of the mortgage being insured. Lenders typically require mortgage loan insurance when a homebuyer makes a down payment of less than 20 %. The premium can be paid in a single lump sum but more frequently is added to the mortgage principal and repaid over the life of the mortgage as part of regular mortgage payments. For the average CMHC-insured homebuyer, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. For example, if your property was $266,500.00 and you have a downpayment of 5% or $13,325.00, you would have a mortgage of approximately $253,175.00 and need mortgage insurance. Prior to the increase, your cost for Mortgage Insurance from CMHC would be 3.60% of $253,175.00 or $9114.30. After March 17, your cost for Mortgage Insurance from CMHC would be 4.00% of $253,175.00 or $10,127.00. However this $1013.00 increase is spread out over the life of your mortgage, typically for 25 years. Your increase on a monthly basis will be about $5.10.

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Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital