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My Rates

6 Months 2.99%
1 Year 1.84%
2 Years 1.84%
3 Years 1.74%
4 Years 1.84%
5 Years 1.75%
7 Years 2.29%
10 Years 2.74%
6 Months Open 5.75%
1 Year Open 3.45%
*Rates subject to change and OAC
AGENT LICENSE ID
M12000633
BROKERAGE LICENSE ID
10194
Lauriston Holness Mortgage  Agent

Lauriston Holness

Mortgage Agent


Phone:
Address:
9037 Derry Road, Milton , Ontario

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Welcome to my website

My mandate as a licensed mortgage professional is to provide the best information for your mortgage and financing needs.

Shopping around for the best mortgage takes time and significant effort, as professionals we source the best options and features available in today"s mortgage market. We utilize the latest technologies and information toensure your mortgage is right for you.

I do not represent only one lending instution, therefore I am not limited to the products and services I can offer to meet your needs. Negotiating with multiple lenders at the same time allows us to attain the best possible rate for you and in most cases this is done at no cost to you.


I take great pride in the honest and professional services I provide to my clients and I will work hard with you to achieve all your mortgage goals.


BLOG / NEWS Updates

PROMISES, PROMISES AND MORE PROMISES

Canadas Parliament re-convened today with a ceremonial Speech from the Throne delivered by the Governor General. Canadas continued response to the COVID-19 pandemic took centre-stage, while providing a lens for a plethora of broader promises: an extension of the wage subsidy, expanded employment insurance, investments in childcare, reaffirmed commitments to universal pharmacare, and green infrastructure investments among many others. Given the exhaustive list of priorities, this Speech is unlikely to bring the minority government down as it provides plenty of hooks for negotiations in the lead-up to a Fall update where details will be laid out. It clearly signals more fiscal spending ahead for Canada leaving the question not if but how much. But this was largely channeled ahead, so the market reaction has been mutedor more likely, it is eclipsed by broader US and global developments. There is little beyond lip service by way of fiscal restraint. This will be left to the Finance Minister to make inevitable trade-offs in her first budget this Fall, particularly as she may need to reserve some firepower for second waves. Source: Scotiabank https://www.scotiabank.com/ca/en/about/economics/economics-publications/post.other-publications.fiscal-policy.fiscal-pulse.federal.federal-budget-analysis.federal-throne-speech--september-23--2020-.html

Home affordability improved in Q2 2020

Housing affordability in Canadas large urban centres improved in the second quarter of 2020 after having deteriorated in the two prior quarters. Higher incomes helped in Q2 but the largest portion of the improvement came in the form of lower interest rates. Indeed, the latter declined 19 basis points in the quarter, reflecting the easing from the central bank. Combined, income and mortgage rates were more than enough to offset the increase in home prices. Still, the decline in interest rates on a quarterly average basis does not completely reflect the change in 5-year mortgage rates since the beginning of the COVID-19 pandemic. The February to June decline in mortgage interest rates was a much more significant 41 basis points. Looking ahead, the preliminary data for rates shows additional improvements in the third quarter of the year (cumulatively they are down over 70 bps). While we expect this to help affordability, home prices should remain resilient based on the latest resale market data showing record sales volumes. Homebuyers have rushed back to the market after having delayed purchases and are now being offered record-low interest rates. Once pent-up demand is exhausted, the Canadian housing market will still have to face high levels of unemployment and reduced household formation due to lower immigration.

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