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10733
BROKERAGE LICENSE ID
10733
Megan  Carey Mortgage Broker

Megan Carey

Mortgage Broker


Address:
654 Upper James St., Hamilton, Ontario

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At Personal Choice Mortgage Services Inc., mortgage financing is our business – it's our only business. 

If you are looking to purchase or refinance, if you wish to switch your current mortgage or want to be pre-qualified to buy a home, Personal Choice Mortgage Services and its expert team of mortgage agents will help you achieve this! It's what we do. 

As a mortgage brokerage firm, not only is it our responsibility to shop for the best rates, which we will endeavour to do, but it is just as important to find the best mortgage product that suits you and your long term financing needs. We will strive to create a client-for-life relationship. This not only includes your repeat business, but your much appreciated referral business. We can only do this by providing superior service that does not stop on your mortgage closing date! 

You will find detailed information on this site that will assist and guide you every step of the way. Please take the time to find out more about us, use the tools available to better understand the procedure, and use our on-line applications to speed up the process.


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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