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My Rates

6 Months 3.14%
1 Year 2.14%
2 Years 2.14%
3 Years 2.14%
4 Years 2.14%
5 Years 2.14%
7 Years 3.14%
10 Years 3.54%
6 Months Open 5.75%
1 Year Open 3.45%
*Rates subject to change and OAC
AGENT LICENSE ID
M09000057
BROKERAGE LICENSE ID
10349
Tim Fong Broker & Director of Sales and Development

Tim Fong

Broker & Director of Sales and Development


Phone:
Address:
7676 Woodbine Avenue, Suite 300, Markham, Ontario

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Welcome and thank you for taking the time to visit my website.

 

If you are looking to achieve your dream of home ownership or looking to achieve debt and financial freedom, please feel free to give me a call.  My objective is to provide sound mortgage advice and strategies to reduce your overall debt, free up cash flow and minimize interest costs.

 

Feel free to also follow me via social media for the icons above.

 

To the left, you can view references from my past clients to see the additional value I bring compared to your typical banker.   

 

If you have any questions, comments or concerns, please feel free to call or email me directly. I will always be happy to assist and I look forward to helping you with your financing needs.

 

Thank you, Tim

 


BLOG / NEWS Updates

Among Canadians who are not yet back in their regular workplace, close to 4 in 10 do not feel safe returning

Months after COVID-19 began to spread in Canada, a large number of Canadian workers continue to work from home or are simply absent from their physical workplace. The survey asked these people whether they felt safe returning to work. At the time of survey collection in June, close to 4 in 10 Canadian workers who were not in their regular workplace (38%) reported that they did not feel safe returning to work. The most commonly-reported reasons for not feeling safe were fear of contracting the virus and fear of infecting family members. About 30% said that they felt safe returning to their physical workplace, and another 32% said that they did not know or chose not to answer the question.

National Bank of Canada Weekly Economic Watch

Housing starts rose from 166.5K in April to 193.5K in May (seasonally adjusted and annualized). Urban starts improved 22K to 181.1K on increases in both the multi-unit (+14.9K to 135.9K) and the single-detached (+7.1K to 45.3K) segments. At the provincial level, urban starts shot up in Quebec from 0K in April to 56.3K as social distancing measures were eased but plunged 37.1K to 56.5K in Ontario. June results should provide a clearer snapshot of the post-lockdown residential construction industry in Canada. Projects delayed on account of the Covid-19 pandemic might sustain starts at a relatively high level for a short while but the longer-term horizon looks less promising in light of much higher joblessness and reduced immigration. Moreover, tougher CMHC standards for mortgage insurance will likely exclude some potential buyers by shrinking their purchasing power. We estimate that the new rules governing maximum gross debt service will reduce by about 11% the amount that the median Canadian household will be allowed to borrow. Source: NBA Economics and Strategy

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank Street Capital CMLS Fisgard Capital
ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages