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My Rates

1 Year 4.74%
2 Years 4.79%
3 Years 4.64%
4 Years 4.94%
5 Years 4.69%
7 Years 5.44%
10 Years 5.54%
*Rates subject to change and OAC
AGENT LICENSE ID
M16001597
BROKERAGE LICENSE ID
10349
Anil Gupta Agent

Anil Gupta

Agent


Phone:
Address:
7676 Woodbine Ave, Suite 300, Markham, Ontario

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Your Mortgage Experts!

A Gupta mortgage agent at Northwood Mortgage™ Ltd. Who is one of the GTA’s largest brokerage firms. We provide unmatched mortgage funding and investment services.

Whether you need a mortgage for your home or for a commercial property; whatever your personal circumstances may be, we can help.

We prides on being able to help you finance your home or business property when others cannot.

Each year, we loan approximately half a billion dollars to homeowners as well as industrial and commercial businesses.

Our well-established relationships with over 60 lenders – including Canada’s four major banks – allows us to get you very low low mortgage rates.

With our full range of services, we offer one-stop shop mortgage and financing solutions to fulfill all your lending requirements.

Contact us directly to learn more about how we can help you.


BLOG / NEWS Updates

Higher interest rates and household debt: Cause for recession?

From National Bank of Canada There is a great deal of concern regarding the vulnerability of Canadian households not only to inflation shock but also to sharp interest rate hikes. For heavily indebted households, the bill could prove hefty. Those that contracted mortgages 4.Sx their gross income could see their monthly payments increase by $187 to $281 from 2022 to 2024 and absorb as much as 2.6% to 4.0% of their net income. At the macroeconomic level, however, the story is far different given the high proportion of properties without mortgages. By our calculations, the payment shock related to servicing the accumulated debt will represent 0.65% of disposable income over the next three years. The amount is significant but manageable in that it alone will not suffice to pull the economy into a recession. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/special-report_220728.pdf

Prices continue to lose momentum in June

With the decrease in resale market transactions and the increase in interest rates, property price growth moderated for a third consecutive month, but still remained solid in June at 1.0% after adjusting for seasonal effects. Using the seasonally adjusted unsmoothed index, which is more sensitive to market fluctuations, the moderation is even more pronounced, with property prices essentially flat in May and June. While the Bank of Canada has indicated that it will continue to raise its policy rate and that transactions in the real estate market should continue to decline, we anticipate that the composite index should decrease by 10% by the end of 2023. The price declines have already begun to spread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in June, 58% experienced a decline during the month, compared to 34% in May and only 16% in January. We have to go back to May 2020, at the very beginning of the pandemic when uncertainty was at its peak, to find such a large proportion of markets in decline. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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