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My Rates

6 Months 3.14%
1 Year 2.04%
2 Years 2.04%
3 Years 2.04%
4 Years 2.04%
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
M08001086
BROKERAGE LICENSE ID
10125
ARPAD KOMJATHY Principal Broker

ARPAD KOMJATHY

Principal Broker


Phone:
Address:
251 Consumers Rd, Suite 1200, North York, Ontario

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You don’t get a mortgage because you like debt.  You want a mortgage to have a roof of your own over your head and to increase your wealth.  We provide you with a strategy and execution to achieve just that.  Your goal is to increase your wealth and a mortgage is part of that process: it allows you to acquire a piece of real estate asset (your home). 

 

We create a plan for you to detail how that acquisition and mortgage will fit with your wealth accumulation.  We make sure that the mortgage we arrange for you serves the overriding objective of making you wealthy. 

 

Visit www.NorthernLightsRetirement.ca for more information.


BLOG / NEWS Updates

Employment continues to rebound in July

From February to April, 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. This included a drop in employment of 3.0 million and a COVID-related increase in absences from work of 2.5 million. Employment rose by 419,000 (+2.4%) in July, compared with 953,000 (+5.8%) in June. Combined with gains of 290,000 in May, this brought employment to within 1.3 million (-7.0%) of its pre-COVID February level. The number of Canadians who were employed but worked less than half their usual hours for reasons likely related to COVID-19 dropped by 412,000 (-18.8%) in July. Combined with declines recorded in May and June, this left COVID-related absences from work at just under 1 million (+972,000; +120.3%) above February levels. By the week of July 12 to July 18, the total number of affected workers stood at 2.3 million, a reduction since April of 58.0%.

Canadian home sales and new listings up again in June

Home sales recorded over Canadian MLS Systems in June 2020 rebounded by a further 63%, returning them to normal levels for the month some 150% above where they were in April. Transactions were once again up on a m-o-m basis across the country. Among Canadas largest markets, sales rose 83.8% in the Greater Toronto Area (GTA), 75.1% in Montreal, 60.3% in Greater Vancouver, 99.7% in the Fraser Valley, 54.9% in Calgary, 59% in Edmonton, 22.5% in Winnipeg, 34.8% in Hamilton-Burlington, 67.9% in London and St. Thomas, 55.6% in Ottawa and 43.6% in Quebec City. Actual (not seasonally adjusted) sales activity posted a 15.2% y-o-y gain in June. REALTORS across Canada are increasingly seeing business pick back up, stated Costa Poulopoulos, Chair of CREA. With sellers and buyers returning to the market, we continue to make sure clients stay safe by complying with government and health officials directives and advice, increasingly using technology to list and show properties virtually while providing secure methods to complete required forms and contracts. As always, but maybe now more than ever, REALTORS remain the best source for information and guidance when negotiating the sale or purchase of a home, continued Poulopoulos.

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