HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM
AGENT LICENSE ID
NS#161880285 ON#M08003750
BROKERAGE LICENSE ID
NS161759015 NB160000476 ONT M18000001
Catherine E Fogarty Mortgage Broker

Catherine E Fogarty

Mortgage Broker


Phone:
Address:
., Toronto, Ontario / Halifax, Nova Scotia

BROWSE

PARTNERS

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

Catherine is amazing.

For me being a new comer to Canada (on a working visa)  helped me get my mortgage to buy my house in a couple of days.
She managed to get me also a good mortgage rate.
I highly recommend Catherine and for sure I will collaborate with her in the future.
~ Adelin, Halifax NS

 

When I bought my first house my Realtor told me “you MUST see my Mortgage Broker Catherine Fogarty”. I have since gone to her with all of my mortgage needs and consider her a trusted family friend. Thanks Cat!
~ Monika, Toronto ON

 

I have no idea what to say! Lol "you're awesome!"
As a first time home owner I relied on Catherine's expertise in handling all of my mortgage needs. She walked me through each step and made the process less stressful.
~ Chris, Dartmouth NS
 
I found myself ending my marriage and starting a new chapter in my life. Needless to say it was a very difficult time, many changes occurred and I had a tremendous amount of loose ends to tie up. My biggest obstacle was keeping my beloved home and all the stress that came with it. Catherine provided me with a new mortgage at a great rate and did all the legwork with me just providing the basic details for her. I can't say enough about how she took my situation into consideration and made the transaction seamless. The mortgage she provided made it so I could be more comfortable financially and didn't have to worry about the day to day anymore. Thank you Catherine.
~ Rhonda, Bedford NS
 
I work in finance but I still call Catherine to broker all of my mortgages during the last several years. She has been there since the first purchase, to many others, including showing us how to add rental properties to our investment portfolio. She saved us time, cost, and helped increase our bottom line. I refer her to all of my family, friends, and colleagues.
~ Daniel, Toronto ON & Beeton, ON
 

As first time home buyers we were very lucky to have Catherine on our side. She diligently sought out the best rates and situation for myself and my wife and gave us excellent advice all the way through the process.
When it looked like we may not get our Mortage, she fought for us and made it happen where others may have given up.

Catherine made herself available to us far beyond regular business hours and was a pleasure to deal with.
If you want an expert on your side that will go above and beyond to make things happen I would highly recommend her!
~ Tony, Dartmouth NS

 

Catherine saved me from myself, navigating my first home purchase and renewals is overwhelming with so much happening in such a short period of time.  Catherine was there with solid mortgage advice and options through the entire process.  I know that she saved me money by finding the best solution every time.  I will continue to trust Catherine with every renewal I have and still recommend her to my closest friends and family, frankly anyone else that will listen as well.
~ Kevin, Newmarket, ON


BLOG / NEWS Updates

Budget 2019

To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces theFirst-Time Home Buyer Incentive. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with Canada Mortgage and Housing Corporation (CMHC). It is expected that approximately 100,000 first-time home buyers would be able to benefit from the Incentive over the next three years. Since no ongoing payments would be required with the Incentive, Canadian families would have lower monthly mortgage payments. For example, if a borrower purchases a new $400,000 home with a 5 per cent down payment and a 10 per cent CMHC shared equity mortgage ($40,000), the borrowers total mortgage size would be reduced from $380,000 to $340,000, reducing the borrowers monthly mortgage costs by as much as $228 per month. Terms and conditions for the First-Time Home Buyer Incentive would be released by CMHC. CMHC would offer qualified first-time home buyers a 10 per cent shared equity mortgage for a newly constructed home or a 5 per cent shared equity mortgage for an existing home. This larger shared equity mortgage for newly constructed homes could help encourage the home construction needed to address some of the housing supply shortages in Canada, particularly in our largest cities. The First-Time Home Buyer Incentive would include eligibility criteria to ensure that the program helps those with legitimate needs while ensuring that participants are able to afford the homes they purchase. The Incentive would be available to first-time home buyers with household incomes under $120,000 per year. At the same time, participants insured mortgage and the Incentive amount cannot be greater than four times the participants annual household incomes. Budget 2019 also proposes to increase the Home Buyers Plan withdrawal limit from $25,000 to $35,000, providing first-time home buyers with greater access to their Registered Retirement Savings Plan savings to buy a home.

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 per cent. Recent data suggest that the slowdown in the global economy has been more pronounced and widespread than the Bank had forecast in its January Monetary Policy Report (MPR). While the sources of moderation appear to be multiple, trade tensions and uncertainty are weighing heavily on confidence and economic activity. It is difficult to disentangle these confidence effects from other adverse factors, but it is clear that global economic prospects would be buoyed by the resolution of trade conflicts. Many central banks have acknowledged the building headwinds to growth, and financial conditions have eased as a result. Meanwhile, progress in US-China trade talks and policy stimulus in China have improved market sentiment and contributed to firmer commodity prices. For Canada, the Bank was projecting a temporary slowdown in late 2018 and early 2019, mainly because of last years drop in oil prices. The Bank had forecast weak exports and investment in the energy sector and a decline in household spending in oil-producing provinces. However, the slowdown in the fourth quarter was sharper and more broadly based. Consumer spending and the housing market were soft, despite strong growth in employment and labour income. Both exports and business investment also fell short of expectations. After growing at a pace of 1.8 per cent in 2018, it now appears that the economy will be weaker in the first half of 2019 than the Bank projected in January. Core inflation measures remain close to 2 per cent. CPI inflation eased to 1.4 per cent in January, largely because of lower gasoline prices. The Bank expects CPI inflation to be slightly below the 2 per cent target through most of 2019, reflecting the impact of temporary factors, including the drag from lower energy prices and a wider output gap. Governing Council judges that the outlook continues to warrant a policy interest rate that is below its neutral range. Given the mixed picture that the data present, it will take time to gauge the persistence of below-potential growth and the implications for the inflation outlook. With increased uncertainty about the timing of future rate increases, Governing Council will be watching closely developments in household spending, oil markets, and global trade policy. Information note The next scheduled date for announcing the overnight rate target is April 24, 2019. The next full update of the Banks outlook for the economy and inflation, including risks to the projection, will be published in the MPR at the same time. https://www.bankofcanada.ca/2019/03/fad-press-release-2019-03-06/

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