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My Rates

1 Year 4.54%
2 Years 5.04%
3 Years 5.14%
4 Years 5.29%
5 Years 4.59%
7 Years 5.84%
10 Years 6.13%
*Rates subject to change and OAC
AGENT LICENSE ID
11931
BROKERAGE LICENSE ID
11931

Mortgage Broker



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1100 Burloak Dr., Suite 300, Burlington, Ontario

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If You Need a Mortgage, We Have the Solution
We know that different people need different things in a mortgage. That’s why we have solutions for all kinds of homeowners. Whether you are buying your first home, an investment or cottage property, or looking at home renovations or renewing your mortgage, we have a mortgage solution for you.

Your First Home

Renewing Your Mortgage

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Your Next Home

Investment Properties

Insurance Solutions

Recreation or Second Properties

Commercial & Business Financing

 

Welcome to ZoomMortgage.ca

The mortgage rate is a very important factor when selecting your mortgage.  At Zoom Mortgage we work with Canada’s best mortgage lenders.

Zoom Mortgage is able to secure exceptionally low mortgage rates with Canada’s top lenders.  After carefully reviewing your goals, needs and personal situation we will recommend the best mortgage.

Book an appointment for a personal mortgage consultation.

Office:
1100 Burloak Drive, Suite 300

Burlington, Ontario

L7L 6B2

Why Choose a Mortgage Broker Professional?
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Refinance & Home Equity

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Interest saving strategies

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BLOG / NEWS Updates

Higher interest rates and household debt: Cause for recession?

From National Bank of Canada There is a great deal of concern regarding the vulnerability of Canadian households not only to inflation shock but also to sharp interest rate hikes. For heavily indebted households, the bill could prove hefty. Those that contracted mortgages 4.Sx their gross income could see their monthly payments increase by $187 to $281 from 2022 to 2024 and absorb as much as 2.6% to 4.0% of their net income. At the macroeconomic level, however, the story is far different given the high proportion of properties without mortgages. By our calculations, the payment shock related to servicing the accumulated debt will represent 0.65% of disposable income over the next three years. The amount is significant but manageable in that it alone will not suffice to pull the economy into a recession. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/special-report_220728.pdf

Prices continue to lose momentum in June

With the decrease in resale market transactions and the increase in interest rates, property price growth moderated for a third consecutive month, but still remained solid in June at 1.0% after adjusting for seasonal effects. Using the seasonally adjusted unsmoothed index, which is more sensitive to market fluctuations, the moderation is even more pronounced, with property prices essentially flat in May and June. 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. The price declines have already begun to spread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in June, 58% experienced a decline during the month, compared to 34% in May and only 16% in January. We 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 in decline. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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