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My Rates

6 Months 3.30%
1 Year 3.14%
2 Years 2.64%
3 Years 2.29%
4 Years 2.74%
5 Years 2.29%
7 Years 2.74%
10 Years 3.15%
*Rates subject to change and OAC
AGENT LICENSE ID
M08004226
BROKERAGE LICENSE ID
10317
Kristen Gignac Mortgage Broker

Kristen Gignac

Mortgage Broker


Phone:
Address:
1454 King Street East, Suite 3, Kitchener, Ontario

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BENEFITS OF WORKING WITH A MORTGAGE BROKER

Why use an accountant? Why use a mechanic? Why go to the doctor? Like all industries, specialized experience is what gives us the edge. Finding the right mortgage broker can provide optimum results.

Just as a GPS determines your current position before giving you the direction to where you are going, we will ask the necessary questions to narrow down the options to determine the best action plan for you and your family’s future. Whether you are looking to down-size because the kids are going to college or upgrade your home with a growing family the plan on how to get there from where you are currently positioned is always the first and best step in getting you there. We can help you make it happen.

Mortgages can be complicated and the main benefit of using a mortgage broker is so you don’t have to know everything about the industry but still have access to the advantages offered to people who do!

Why not just go to your bank? They can only offer you the products they have available, as they are a lender. A mortgage broker has access to bank products as well as other lenders’ product options to ensure you get a true selection from the best of the best of what is being offered in the marketplace.

Contact us today to find out how we can help make your dreams a reality!

Contact Kristen Gignac, Experienced Mortgage Broker for all your commercial and residential mortgage needs across Etobicoke, Toronto, Pickering and surrounding areas.


BLOG / NEWS Updates

Canada's Manufacturing heavily impacted in March

Manufacturing shipments fell 9.2% in March after climbing 0.4% the prior month. This result was more than double the drop expected by consensus (-4.5%). Lower sales were registered in 17 of the 21 industries surveyed, including transportation (-26.5%), petroleum and coal products (-32.2%), and plastics/rubber products (-10.9%). Alternatively, shipments increased for food manufacturing (+8.2%) and paper manufacturing (+8.4%). With the price effect removed, total factory sales decreased 8.3% m/m, while inventories grew 0.8%. As a result, the real inventory-to-sales ratio rose from 1.56 to 1.72, a bad sign for future production. Manufacturing sales came in much worse than expected in March, matching their largest one-month decline on record (December 2008). Sales retraced all the way back to their level in June 2016. It should come as no surprise that disruptions from COVID-19 were the chief cause of the decline. Indeed, 78.3% of manufacturing businesses reported being impacted by the pandemic. Transportation saw a significant decline owing to plant closures, while refineries lowered production as demand and prices waned. Not everyone experienced an adverse shock, as evidenced by marked increases for food (groceries) and paper manufacturing (toilet paper) in the month. This will likely be transitory, however, as households rushed to stock up in March. Eight of the ten provinces reported lower sales, with Ontario and Quebec posting the largest declines. All told, given that confinement measures had been in place for only two weeks in March, the April manufacturing picture can be expected to be even worse. Home sales fell 56.8% from March to April, to the lowest level recorded since the inception of seasonally adjusted data in 1988. The fall was generalized to all the 26 major markets tracked by CREA except Newfoundland and Labrador, where sales rose 13.6%. New listings also fell sharply (-55.7%) but active listings only 8.7%. Therefore, the active-listings-to-sales ratio (our preferred gauge of market conditions) skyrocketed from 4.3 months of inventory in March to 9.2 in April, the largest since the 2008-09 recession. Source: National Bank of Canada

Another strong increase in the Composite Index in March

In March the TeranetNational Bank National Composite House Price IndexTM was up 0.6% from the previous month. As was the case in February, this was double the average March rise of the last 10 years. Leading the advance were the markets of Ottawa-Gatineau (1.1%), Vancouver (1.0%) and Toronto (0.9%). Trailing the countrywide average were rises for Hamilton (0.4%), Quebec City (0.3%), Montreal (0.2%) and Halifax (0.1%). The index for Victoria was essentially flat. Down from the previous month were Calgary (0.1%), Edmonton (0.6%) and Winnipeg (0.8%). The index for Vancouver has now gone six months without a decline. Its previous run of 14 straight months without a rise seems to be definitely over, especially since the Vancouver resale market has returned to balance as measured by ratio of listings to sales. The index for Victoria has move little over the last seven months. Weakness persists in the Prairies: the indexes for Calgary and Winnipeg have declined in five of the last six months, that for Edmonton in four. In central and eastern Canada the story is different. The index for Ottawa-Gatineau has not declined in any of the last 12 months, that for Toronto in only one and those for Montreal, Hamilton and Halifax in two. All of these last five markets were at a historical peak in March.

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