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My Rates

6 Months 3.10%
1 Year 2.64%
2 Years 2.64%
3 Years 2.94%
4 Years 3.04%
5 Years 2.94%
7 Years 3.14%
10 Years 3.69%
1 Year Open 2.21%
*Rates subject to change and OAC
AGENT LICENSE ID
M08000873
BROKERAGE LICENSE ID
10252
Rajesh Khurana Principal Broker

Rajesh Khurana

Principal Broker


Address:
1305 Matheson Blvd E, Mississauga, Ontario

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We are a dedicated team of mortgage agents committed to making a positive difference in the mortgage industry. Our office HQ is based in Mississauga though our agents provide mortgage services all across the GTA. Mortgage Diligent has helped hundreds of clients across Mississauga, Brampton, Toronto and the rest of Southern Ontario to get a mortgage with low mortgage rates and the best mortgage terms. New homeowners, growing families, people with bruised credits or debts, or even commercial enterprises are just some of those who can benefit from connecting with one of our mortgage agents. We guarantee in providing you mortgage solutions that will best suit your needs with our various products for you to choose from. Mortgage Diligent has partnered with most lenders – from top A-level banks to private financers – in order to provide more mortgage options at better rates for the client.


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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TD Bank Scotia Bank First National B2B Bank Home Trust
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