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My Rates

6 Months 4.84%
1 Year 4.74%
2 Years 4.89%
3 Years 4.59%
4 Years 4.69%
5 Years 4.59%
7 Years 5.24%
10 Years 5.34%
*Rates subject to change and OAC
AGENT LICENSE ID
11947
BROKERAGE LICENSE ID
11947
Marilee Pott Mortgage Agent

Marilee Pott

Mortgage Agent


Phone:
Address:
2725 Queensview Dr, Suite 500, Ottawa, Ontario

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It PAYS to shop around.

Did you know that statistics show that well over half of Canadians with a mortgage renegotiate before their term is up. And the average five-year borrower changes their mortgage every three-and-a-half years? That means choosing the right mortgage product is just as important as getting the best rate. 

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier. But I’m here to help!

With access to over 30 lenders, I will work with you to determine the best mortgage product that suits your financial needs and future goals.  I will save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're purchasing a home or investment property, renewing your mortgage, refinancing, renovating or consolidating your debts — I’m the Mortgage Broker who can help you get YOU what best matches your needs. 


BLOG / NEWS Updates

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 3%, with the Bank Rate at 3% and the deposit rate at 3%. The Bank is also continuing its policy of quantitative tightening. The global and Canadian economies are evolving broadly in line with the Banks July projection. The effects of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine continue to dampen growth and boost prices. Global inflation remains high and measures of core inflation are moving up in most countries. In response, central banks around the world continue to tighten monetary policy. Economic activity in the United States has moderated, although the US labour market remains tight. China is facing ongoing challenges from COVID shutdowns. Commodity prices have been volatile: oil, wheat and lumber prices have moderated while natural gas prices have risen.

Prices have come down from their peak in July

From the National Bank of Canada Declining transactions in the resale market and rising interest rates continue to weigh on property prices, with the Teranet-National Bank Composite House Price Index falling 0.2% from June to July after seasonal adjustments. This is the first monthly decline since the one seen at the beginning of the pandemic in June 2020. Using the unsmoothed seasonally adjusted index, which is more sensitive to market fluctuations, the decline is even more pronounced, with property prices falling 1.4% from June to July. Moreover, price decreases continue to be widespread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in July, 58% experienced a decline during the month, the same proportion as observed in June, but much higher than those recorded since the beginning of the year. You have to go back to May 2020, at the very beginning of the pandemic when uncertainty was at its peak, to find such a large proportion of markets down. While the Bank of Canada has indicated that it will continue to raise its policy rate and that transactions in the real estate market should continue to decline, we anticipate that the composite index should decrease by 10% by the end of 2023. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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