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My Rates

6 Months 4.45%
1 Year 4.79%
2 Years 4.99%
3 Years 4.99%
4 Years 5.04%
5 Years 5.04%
7 Years 5.64%
10 Years 5.69%
6 Months Open 8.25%
1 Year Open 6.45%
*Rates subject to change and OAC
AGENT LICENSE ID
M20000044
BROKERAGE LICENSE ID
12406
Samantha Devillez Mortgage Agent

Samantha Devillez

Mortgage Agent


Phone:
Address:
2140 Victoria St, Innisfil, Ontario

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Hello and welcome!

My name is Samantha. I am a Mom, Entrepreneur and a Licensed Mortgage Professional. I love to educate my clients and support them in making mortgage decisions that set them up for success and happiness. The mortgage process can be overwhelming and a lot of clients still think that you only use a Mortgage Agent "when you can't get approved by the bank". I am here to debunk that narrative and provide advice for my clients that gets them into a mortgage that suits their needs. Mortgages are not a one size fits all and I work for YOU to get you into a mortgage that checks all YOUR boxes. Whatever your mortgage financing needs, I am here to help support you and make your mortgage approval process a stress-free experience.


BLOG / NEWS Updates

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 3%, with the Bank Rate at 3% and the deposit rate at 3%. The Bank is also continuing its policy of quantitative tightening. The global and Canadian economies are evolving broadly in line with the Banks July projection. The effects of COVID-19 outbreaks, ongoing supply disruptions, and the war in Ukraine continue to dampen growth and boost prices. Global inflation remains high and measures of core inflation are moving up in most countries. In response, central banks around the world continue to tighten monetary policy. Economic activity in the United States has moderated, although the US labour market remains tight. China is facing ongoing challenges from COVID shutdowns. Commodity prices have been volatile: oil, wheat and lumber prices have moderated while natural gas prices have risen.

Prices have come down from their peak in July

From the National Bank of Canada Declining transactions in the resale market and rising interest rates continue to weigh on property prices, with the Teranet-National Bank Composite House Price Index falling 0.2% from June to July after seasonal adjustments. This is the first monthly decline since the one seen at the beginning of the pandemic in June 2020. Using the unsmoothed seasonally adjusted index, which is more sensitive to market fluctuations, the decline is even more pronounced, with property prices falling 1.4% from June to July. Moreover, price decreases continue to be widespread across the country. In fact, for all 32 markets where the seasonally adjusted unsmoothed index was available in July, 58% experienced a decline during the month, the same proportion as observed in June, but much higher than those recorded since the beginning of the year. You 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 down. 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. https://www.nbc.ca/content/dam/bnc/en/rates-and-analysis/economic-analysis/economic-news-teranet.pdf

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