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My Rates

1 Year 3.34%
2 Years 3.44%
3 Years 3.54%
4 Years 3.69%
5 Years 3.59%
7 Years 4.04%
10 Years 4.14%
*Rates subject to change and OAC
AGENT LICENSE ID
10317
BROKERAGE LICENSE ID
ON: 10317 -NB 160000437
Brad MacPherson MORTGAGE CONSULTANT, COMMERCIAL

Brad MacPherson

MORTGAGE CONSULTANT, COMMERCIAL


Phone:
Address:
77 Grafton Street, Charlottetown, Prince Edward Island

BROWSE

PARTNERS

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PREMIERE MORTGAGE CENTER

77 GRAFTON STREET CHARLOTTETOWN, PE C1A 1L2

Please Call: (902) 394-6334

 

COMMERCIAL - RESIDENTIAL - NEWCOMERS - PRIVATE EQUITY

 

Offering a full range of mortgages and loans at some of the best rates in the Canada on a wide range of homes and businesses across Prince Edward Island and throughout Atlantic Canada.

 

For all your Commercial, Business and Residential Mortgage Financing requirements; whether you are buying or refinancing your business, apartments, commercial rental properties or your personal home we have the right mortgage solution for you.

 

Our Mortgage Team has over 20+ years of commercial, business and residential mortgage experience to assist you in all aspects of your mortgage and business financing needs.

 

Our Team understands the continually changeing lender policies and procedures in Canada to provide you with a customized solution, that is right for you. 

 

Our Premiere Mortgage Team works for you the customer to not only meet, but exceed your expectations.

 

Call: (902) 394-6334

 

COMMERCIAL - BUSINESS

 

Just a few examples of the industry sectors we service...

 

 

MULTI-FAMILY RESIDENTIAL APARTMENTS - RENTAL PROPERTIES

 

LAND DEVELOPMENT - CONSTRUCTION - LINES OF CREDIT

 

MERGERS AND ACQUISITIONS

 

SENIORS - COMMUNITY CARE HOMES AND NURSING HOMES

 

SMALL To MEDIUM SIZE ENTERPRISES (SME'S) - BUSINESS LOANS

 

HEALTH CARE

 

AGRICULTURE or AQUACULTURE

 

MANUFACTURING - PROCESSING 

 

FRANCHISE FINANCING

 

And many more...

 

We Service 'Mandarin Speaking' Clients

 

THE RIGHT MORTGAGE SOLUTIONS, for Newcomers to Canada. 

 

Premiere partner-insured home mortgage for as little as 5% cash down. Ask us about insured and non-insured Newcomer programs, tailored to meet your needs. Please note, that our Insured Newcomer Program income confirmation is required.

 

 

- Best Interest Rates In Canada

- QUICK APPROVAL

 

 

Newcomers to Canada play an increasing role in Canada’s future population growth, creating new market opportunities. Premiere partners-insured mortgage financing is available to borrowers with permanent, temporary and non-permanent residence status, helping newcomers to realize their dream of homeownership in Canada.

 

 

 

 

BUYING OR REFINANCING YOUR HOME?

 

Single Family Homes

Semi-Detached - Duplex Homes

Condominiums

Multi-Family Residential Apartments

...and so much more.

 

 

Our team brings many years of experience and expertise in lending services to provide our valued clients with the best possible loans package, customized for them.

 

As a client, you can be confident in knowing that you are receiving credible, reliable advice and expertise. The biggest strength of our team at Premiere Mortgage is that we are driven by offering fantastic service and a positive experience on a consistent basis to all of our clients.

 

With our Team, Premiere Mortgage customers experience utlimate care and professionalism.

 


BLOG / NEWS Updates

Most First-Time Homebuyers Spending All They Can Afford

Millennials have made up a significant portion of homebuyers in recent years and based on the 2018 Mortgage Consumer Survey, they continue to do so, representing just under half (49%) of first-time buyer respondents. Although this is a decrease from 60% in 2017 and 58% in 2016, Millennials continue to influence and shape the homebuying and mortgage process. Heres more of what we learned about Millennials and first-time buyers as a whole, powered by the 2018 Mortgage Consumer Survey. What does the typical first-time buyer profile look like? Forty percent are married, 80% are employed full-time and about one-quarter (26%) have a household income between $60,000 and $90,000. A strong percentage of them were born outside of Canada, with 22% identifying as newcomers to Canada. Mortgage professionals can help meet the unique needs of newcomers with the support of CMHCs homebuying information which is available in 8 different languages. The top 2 reasons first-time buyers bought a home: they wanted to get a first home and they felt financially ready. Although certain urban markets continue to exhibit high house prices and other barriers to entry, the survey found that 61% of first-time buyers bought a single-detached home. In fact, single-detached home was the top housing type purchased in all regions across Canada, except in British Columbia where condominium apartment was the most popular housing type. The vast majority (85%) of first-time buyers spent the most they could afford on their home, compared to 68% of repeat buyers. This indicates that first-time buyers, including Millennials, may be stretching themselves financially to purchase their home. When it comes to the down payment, savings from outside an RRSP was the main source for first-time buyers. This suggest there is an opportunity to further educate first-time buyers about other options to help fund their down payment, such as the Government of Canadas Home Buyers Plan (HBP). To get assistance with the mortgage process, first-time buyers contacted, on average, 2 brokers and 3 lenders. First-time buyer satisfaction levels with mortgage brokers and lenders remains high. However, mortgage professionals could further increase satisfaction levels by conducting more post-transaction follow-up and by providing clients with more information on closing costs, house purchase fees, interest rates, and steps involved in buying a home. CMHCs Step by Step guide is a valuable tool for mortgage professionals to share with homebuyers to ensure they feel confident throughout the entire homebuying process. https://www.cmhc-schl.gc.ca/en/housing-observer-online/2018-housing-observer/most-first-time-homebuyers-spending-all-they-can-afford

Bank of Canada increases overnight rate target to 1 ¾ per cent

The Bank of Canada today increased its target for the overnight rate to 1 per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 per cent. The global economic outlook remains solid. The US economy is especially robust and is expected to moderate over the projection horizon, as forecast in the Banks July Monetary Policy Report (MPR). The new US-Mexico-Canada Agreement (USMCA) will reduce trade policy uncertainty in North America, which has been an important curb on business confidence and investment. However, trade conflict, particularly between the United States and China, is weighing on global growth and commodity prices. Financial market volatility has resurfaced and some emerging markets are under stress but, overall, global financial conditions remain accommodative. The Canadian economy continues to operate close to its potential and the composition of growth is more balanced. Despite some quarterly fluctuations, growth is expected to average about 2 per cent over the second half of 2018. Real GDP is projected to grow by 2.1 per cent this year and next before slowing to 1.9 per cent in 2020. The projections for business investment and exports have been revised up, reflecting the USMCA and the recently-approved liquid natural gas project in British Columbia. Still, investment and exports will be dampened by the recent decline in commodity prices, as well as ongoing competitiveness challenges and limited transportation capacity. The Bank will be monitoring the extent to which the USMCA leads to more confidence and business investment in Canada. Household spending is expected to continue growing at a healthy pace, underpinned by solid employment income growth. Households are adjusting their spending as expected in response to higher interest rates and housing market policies. In this context, household credit growth continues to moderate and housing activity across Canada is stabilizing. As a result, household vulnerabilities are edging lower in a number of respects, although they remain elevated. CPI inflation dropped to 2.2 per cent in September, in large part because the summer spike in airfares was reversed. Other temporary factors pushing up inflation, such as past increases in gasoline prices and minimum wages, should fade in early 2019. Inflation is then expected to remain close to the 2 per cent target through the end of 2020. The Banks core measures of inflation all remain around 2 per cent, consistent with an economy that is operating at capacity. Wage growth remains moderate, although it is projected to pick up in the coming quarters, consistent with the Banks latest Business Outlook Survey. Given all of these factors, Governing Council agrees that the policy interest rate will need to rise to a neutral stance to achieve the inflation target. In determining the appropriate pace of rate increases, Governing Council will continue to take into account how the economy is adjusting to higher interest rates, given the elevated level of household debt. In addition, we will pay close attention to global trade policy developments and their implications for the inflation outlook. https://www.bankofcanada.ca/2018/10/fad-press-release-2018-10-24/

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