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My Rates

6 Months 3.10%
1 Year 2.64%
2 Years 2.54%
3 Years 2.64%
4 Years 2.94%
5 Years 3.04%
7 Years 3.44%
10 Years 3.84%
6 Months Open 5.95%
*Rates subject to change and OAC
AGENT LICENSE ID
14001337
BROKERAGE LICENSE ID
11108
Conn Letterio Mortgage Agent

Conn Letterio

Mortgage Agent


Address:
100 Consilium Place , Suite 200, Toronto, Ontario

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My commitment is to evaluate the specific financial needs of my clients and your respective families and do a through needs-based analysis  . I offer tailored mortgage solutions that best meet the long-term needs and aspirations of my  clients who have put their trust in me .
 
What do I offer? 
 
Prime Mortgages (with a number of products designed specifically for our firm)
Purchase Financing
Secondary Financing
Bridge Financing
Self-Employed & Small Business Owner Mortgage Financing
New-to-Canada Program
Home Equity Lines of Credit
First-Time Home Buyer Specialists
Refinancing and Switches Specialists
 
 
Please give me a call to find out more about our unique offerings for your mortgage needs. 

 

  CALL ME :416-710-5882 or visit me on line at www.mortgageweb.ca/themortgagechoice
 

BLOG / NEWS Updates

Bank of Canada increases overnight rate target to 1 per cent

The Bank of Canada is raising its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Recent economic data have been stronger than expected, supporting the Banks view that growth in Canada is becoming more broadly-based and self-sustaining. Consumer spending remains robust, underpinned by continued solid employment and income growth. There has also been more widespread strength in business investment and in exports. Meanwhile, the housing sector appears to be cooling in some markets in response to recent changes in tax and housing finance policies. The Bank continues to expect a moderation in the pace of economic growth in the second half of 2017, for the reasons described in the July Monetary Policy Report (MPR), but the level of GDP is now higher than the Bank had expected. The global economic expansion is becoming more synchronous, as anticipated in July, with stronger-than-expected indicators of growth, including higher industrial commodity prices. However, significant geopolitical risks and uncertainties around international trade and fiscal policies remain, leading to a weaker US dollar against many major currencies. In this context, the Canadian dollar has appreciated, also reflecting the relative strength of Canadas economy. While inflation remains below the 2 per cent target, it has evolved largely as expected in July. There has been a slight increase in both total CPI and the Banks core measures of inflation, consistent with the dissipating negative impact of temporary price shocks and the absorption of economic slack. Nonetheless, there remains some excess capacity in Canadas labour market, and wage and price pressures are still more subdued than historical relationships would suggest, as observed in some other advanced economies.

Canadian home sales fall further in July

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017. Highlights: National home sales fell 2.1% from June to July. Actual (not seasonally adjusted) activity in July stood 11.9% below last Julys level. The number of newly listed homes edged back by 1.8% from June to July. The MLS Home Price Index (HPI) was up 12.9% year-over-year (y-o-y) in July 2017. The national average sale price edged down by 0.3% y-o-y in July. Julys interest rate hike may have motivated some homebuyers with pre-approved mortgages to make an offer, said CREA President Andrew Peck. Even so, sales activity continued to soften in the Greater Golden Horseshoe region. Meanwhile, sales and prices in Montreal continue to strengthen. All real estate is local, and REALTORS remain your best source for information about sales and listings where you live or might like to. July marked the smallest monthly decline in Greater Golden Horseshoe home sales since Ontarios Fair Housing Plan was announced in April, said Gregory Klump, CREAs Chief Economist. This suggests sales may be starting to bottom out amid stabilizing housing market sentiment. Time will tell whether thats indeed the case once the transitory boost by buyers with pre-approved mortgages fades. Click here to continue reading

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