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My Rates

1 Year 3.09%
2 Years 2.79%
3 Years 2.74%
4 Years 2.74%
5 Years 1.64%
7 Years 3.14%
10 Years 3.54%
*Rates subject to change and OAC
AGENT LICENSE ID
M16001597
BROKERAGE LICENSE ID
10349
Anil Gupta Agent

Anil Gupta

Agent


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

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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

Scotiabank: Why Canada needs to focus on ways to encourage more home building

The recent run-up in housing prices, and the attendant worries about affordability and accessibility, have many stakeholders scrambling to find quick solutions. While understandable, those approaches are likely to have only minimal impacts on Canadas housing situation and its consequences for people looking for a reasonably priced place to live. Focusing on interest rate policy or macroprudential instruments, such as stricter mortgage stress tests, draws attention away from the underlying cause of the problem: the inability of supply to meet demand. Put simply, this country doesnt build enough housing. We should not be surprised by this. Canada has increased immigration dramatically in recent years to tremendous benefit to the economy, but we failed to pro-actively address the housing challenges the consequent population boom was sure to bring. Policy efforts must focus far more on anticipatory, collaborative, multistakeholder and very specific solutions to the housing situation rather than on the short-term and ultimately ineffective macroprudential Band-Aids applied in recent years. Scotiabank Economics is publishing research this week looking at the increase in Canadas housing stock relative to the increase in population over the past several years to get a sense of how effective we have been in creating new units. The numbers are not encouraging. One way to look at it is by using the ratio of new housing to population growth. By that measure, construction has been well below its historical average since mid-2017. That is perhaps not surprising, given that Canada has seen an immigration-fuelled population boom since 2015. In the three years leading up to the COVID-19 pandemic, population grew nearly twice as fast as new housing units were being built. That ratio improved somewhat with the COVID-related stall in immigration, but it is likely to reverse course once immigration returns to planned levels. Dan Rees is group head, Canadian banking at the Bank of Nova Scotia. Jean-Fran¬ćois Perrault is Scotiabanks chief economist

Two-thirds of Canadians were asset resilient in the year prior to the pandemic

Just over two-thirds (67.1%) of Canadians were asset resilient for at least three months in 2019, up from 63.6% in 1999. Over these two decades, several factors contributed to the overall rate of asset resilience. For one thing, Canadians held more liquid assets at the end of the period. Median person-adjusted household liquid assets rose from $6,300 in 1999 to $10,700 in 2019. Canadians were also slightly older, on averagethe median age of Canadians increased from 36.4 years to 40.8 years. Family income has also been rising since 1999, and asset resilience is associated with higher income. The median person-adjusted, household after-tax income of Canadians increased by one-third (+34.9%), rising from $37,300 in 1999 to $50,300 in 2019, while the share of Canadians below the LIM-AT edged down from 12.4% to 12.1%. source: https://www150.statcan.gc.ca/n1/daily-quotidien/210504/dq210504e-eng.htm

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