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My Rates

6 Months 7.60%
1 Year 4.69%
2 Years 4.69%
3 Years 4.29%
4 Years 4.49%
5 Years 4.29%
7 Years 5.19%
10 Years 5.29%
6 Months Open 8.95%
1 Year Open 8.00%
*Rates subject to change and OAC
AGENT LICENSE ID
M23006193
BROKERAGE LICENSE ID
12347
Scott Murray Mortgage Agent Level1

Scott Murray

Mortgage Agent Level1


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Address:
6 Thomasfield Drive, Guelph, Ontario, N1G 4J3

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lt Makes Sense To Use An Expert

Especially when dealing with complex financial matters like mortgages. Being a member of Canada's #1 Mortgage Broker Network with experts who are part of the Canadian Association of Accredited Mortgage Professionals ensures that the services provided adhere to a strict Code of ethics and professional conduct. This adds a layer of trust and credibility to the services offered.

 

Mortgage agents play a crucial role as trusted intermediaries, working with numerous financial institutions, which means they can provide access to a wide range of mortgage options. Having access to over 40 of Canada's best mortgage lending financial institutions gives borrowers the opportunity to compare different offers and terms, enabling them to make more informed decisions.

 

Moreover, the fact that your professional services are paid for by the lenders and not the clients can be very appealing to potential borrowers, as it provides an incentive to seek the assistance of a mortgage expert without incurring additional costs.

 

Shopping for the best mortgage is not a straightforward process, and it requires specialized expertise to navigate through various bank offers and terms. An experienced mortgage professional can save homeowners time, effort, and potentially money by helping them find the most suitable mortgage financing available in the market.

 

Additionally, the mortgage process can be daunting for many homeowners, and some financial institutions may not provide the necessary support to make it easier for borrowers. Having a knowledgeable mortgage agent to guide them through the process can alleviate some of the stress and confusion.

 

My clients rely on me to secure the best mortgage financing for their needs. It's an opportunity for them to receive personalized assistance, access to multiple lenders, and the expertise required to make informed decisions.

Give me a call.  Let's talk.

 


BLOG / NEWS Updates

NBC: Residential market remains at a standstill in April amid trade uncertainty

Home sales remained relatively unchanged (-0.1%) from March to April following four monthly contractions. As a result, the number of transactions was 19% below the level in November last year, reversing last years rebound following the central banks interest rate cuts, and roughly in line with the depreciated level of sales observed in 2022. Sales increased in 6 of the countrys 10 provinces: New Brunswick (+5.2%), Manitoba (+3.3%), Quebec (+2.0%), Newfoundland (+1.9%), Nova Scotia (+1.8%), and Ontario (+1.1%). On the other hand, sales declined in B.C. (-2.3%), Alberta (-3.4%), Saskatchewan (-6.3%), and P.E.I. (-6.5%). There is no doubt that the ongoing trade conflict with the U.S. has weighed on consumer confidence and the housing market across the country, with potential buyers waiting for more economic visibility before acting. On the supply side, new listings decreased 1.0% from March to April. Combined with the low level of sales, active listings increased by 1.9% during the month, the fourth monthly advance in a row despite still elevated cancelled listings in April. Overall, the number of months of inventory (active listings-to-sales) increased for the fifth consecutive month, edging up from 5.0 in March to 5.1 in April, its highest level since April 2019 (excluding Covid). Meanwhile, market conditions loosened slightly during the month but remained relatively balanced compared to the historical average. This balanced market condition at the national level is explained by particularly soft conditions in Ontario and B.C., while market conditions in every other province continue to indicate a favourable to sellers market. These looser market conditions have had an impact on prices, with the MLS Home Price Index declining by 1.2% month-over-month and by 3.6% year-over-year. On an annual basis, home sales dropped by 9.8% compared to April 2024, thus reaching their lowest level for that period of the year since 2009. Sales were down in four of the ten provinces: Ontario (- 20.2%), B.C. (-14.6%), Alberta (-11.7%), and Saskatchewan (-10.6%). On the other hand, the sharpest increases were observed in Quebec (+10.0%), Newfoundland (+7.4%), and Manitoba (+6.6%). For the first four months of 2025, cumulative home sales were down 7.2% compared to the same period in 2024. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-canada.pdf

Statistic Canada: Building permits, March 2025

In March, the total value of building permits issued in Canada decreased by $549.4 million (-4.1%) to $12.9 billion. The decrease was led by the non-residential sector (-$716.3 million), and it was tempered by the residential sector (+$166.9 million). On a constant dollar basis (2017=100), the total value of building permits issued in March decreased 5.1% from the previous month and was up 11.1% on a year-over-year basis. Single-family permits slow residential sector growth Residential construction intentions in Canada increased $166.9 million (+2.0%) in March to reach $8.7 billion. A gain in the multi-family component (+$322.5 million to $5.9 billion) was partially offset by a decline in the single-family component (-$155.6 million to $2.8 billion). The rise in the multi-family component in March was particularly strong in British Columbia (+$397.8 million), driven by the Vancouver census metropolitan area (CMA) (+$652.3 million). Meanwhile, the single-family component decrease was primarily observed in Ontario (-$185.7 million) and was supported by Quebec (-$26.0 million). Overall, 22,800 multi-family dwellings and 4,400 single-family dwellings were authorized for construction in March, representing a 4.6% increase from the previous month. https://www150.statcan.gc.ca/n1/daily-quotidien/250514/dq250514a-eng.htm

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