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AGENT LICENSE ID
M16002553
BROKERAGE LICENSE ID
10349
Leo Saleh Mortgage Agent.

Leo Saleh

Mortgage Agent.


Phone:
Address:
7676 Woodbine Avenue, Markham, Ontario

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Buying a home is one of the most exciting milestones of your life, especially when it’s your first property! I’m here to help take the stress out of the homebuying and mortgage processes by navigating each step with you and answering all your questions along the way.

 

First, it’s important for me to help you determine how much you can comfortably afford to spend on a home, taking into consideration such things as your current income and debt levels.

 

Next, we’ll examine your credit to ensure you’re a good candidate for a mortgage in the eyes of lenders.

 

When you’re ready to buy a home – whether it’s your first or fifth – I’ll get multiple lenders competing for your business to ensure you’re gaining access to the very best options available today. We’ll also secure a rate hold so that you can head off house hunting without worrying about interest rates rising while you find your dream home.

 

I’ll explain the top options to you in detail and help select the one that’s best suited for your short- and long-term financial goals.

 

And if you’re not quite ready to buy now, I can help set you on the right path to ensure you can become a homeowner soon. This may include setting a budget to help you save your 5% down payment or suggesting ways to boost your credit so you qualify for the very best mortgage product and rate catered to your unique needs. I’ll build a custom solution just for you.

 

I look forward to helping make your homeownership dreams a reality.


BLOG / NEWS Updates

Bank of Canada/OSFI pilot helps Canadian financial sector assess climate change risks

The Bank of Canada and Office of the Superintendent of Financial Institutions (OSFI) released the results of a pilot project on climate scenario analysis. This pilot was an important step in helping Canadas financial sector improve its ability to analyze economic and financial risks affecting financial institutions that could arise from climate change. Together with six Canadian financial institutions, the Bank and OSFI developed scenarios that will help the financial sector identify, measure and disclose climate-related risks. These scenarios were not intended to be forecasts or predictions. Rather, they were specifically designed to capture a range of potential outcomes and illustrate the kinds of stresses on the financial system and economy that could occur as the world transitions to a low-carbon future. All scenarios showed that this transition will entail important risks for some economic sectors. Mispricing of transition risks could expose financial institutions and investors to sudden and large losses. It could also delay investments needed to help mitigate the impact of climate change. source: https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/clrsk-mgm_nr.aspx

Scotiabank Nowcast: Employment Gains Continued Prior to Omicron Spread, Q4-2021 GDP at 6.22%

This note is part of a series that will be published after important data releases, documenting mechanical updates of the nowcast for Canadian GDP coming from the Scotiabank nowcasting model. The evolution of this nowcast will inform Scotiabank Economics official macroeconomic outlook. The Canadian labour market continued to power ahead in December according to Statistics Canadas labour force survey (LFS), with the net gain of +55K jobs for the month that brought the unemployment rate down to 5.9%, just 0.2 ppts above the level of February 2020. This bodes well for the overall Canadian GDP growth in December and is in line with our Q4-2021 estimate of +6.22% Q/Q SAAR. The timing of the survey (December 5 to 11) means that it largely missed the beginning of the spread of the Omicron variant and the late-December tightening in public health measures that occurred in response to it. The flooding in BC, a source of downside risk to the short term outlook, occurred after the LFS was completed in November. In December, however, the LFS picked up the beginning of the reconstruction phase, according to StatCan. As a result, we are not likely to find out the true impact of this disaster on the labour market until the November survey of employment, payrolls and hours (SEPH) is released in late January. With these caveats, the underlying picture of the labour market in Canada is one of continuing recovery. The ratio of employment to population (61.5%), the labour force participation rate (65.3%), the unemployment rate (5.9%) are all within 0.2 0.3 ppts of their respective February 2020 levels, signalling a rapid diminishing of the labour market slack. Even the ranks of those unemployed for 52 weeks or longer, while still significantly elevated at 293K (Feb 2020: 179K), continued to fall rapidly in December. The tightness in the labour market spurred a recovery in wages, which grew 2.7% y/y in December, although this increase was much weaker than the rate of inflation over the same period. While the spread of the Omicron variant will likely lead to short term weakness in employment, in particular in the high-contact industries that are subject to public health restrictions, it is already exacerbating labour shortages in essential services as scores of employees self-isolate having tested positive for the virus. With inflation running significantly above the Bank of Canadas inflation-control target range, the labour market slack essentially gone and wages picking up, the short term impact of the Omicron spread is unlikely to alter the Bank of Canada on its path to higher rates in 2022. Source: Scotiabank Global Economics

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