Serca Financial Mortgage Group transforms the way individuals and families achieve their real estate aspirations and financial goals. We are committed to transforming the lives of our clients by providing unparalleled mortgage brokerage services, guided by innovation, integrity, and expertise.
Our teams are equipped to support the growth of our real estate partners' enterprises by offering more financing options to their clients, collaborate seamlessly with real estate developers to ensure efficient and hassle-free closings, and cater to those seeking a more personalized and tailored service, complete with access to multiple lenders, the potential for more favorable rates, and guidance during challenging circumstances.
We believe that every customer deserves the best care and service when purchasing or refinancing the home of their dreams. We're here to serve your mortgage needs and have what it takes to make a difference in your next mortgage transaction.
We can place all types of mortgages including purchases, refinances, equity takeouts, debt consolidations, renewals and mortgages for self employed.
Since our business is built primarily through referrals from satisfied customers, your positive mortgage experience is essential! Your mortgage is a big decision and a powerful financial tool. At Serca Financial Mortgage Group, our vision is to be everyone's number one choice for every real estate dream & financial aspiration. We aim to be the trusted partner on your journey, and together, we'll unlock the doors to true real estate wealth & financial goals, one mortgage at a time. Connect with us today to do a complimentary application, see what we can do for you now, or create a plan for you for your future real estate & mortgage needs.
Ontario Expanding HST Rebate to Lower the Cost of New Homes in Partnership with the Federal Government
The Ontario government is continuing to lower costs and help families realize the dream of homeownership by removing the full 13 per cent of the Harmonized Sales Tax (HST) for eligible buyers of new homes valued up to $1 million, for a maximum rebate of $130,000, as part of the upcoming 2026 Budget. This maximum rebate of $130,000 would be maintained for new homes valued up to $1.5 million, and would decrease proportionally from $130,000 at $1.5 million to a maximum of $24,000 for homes valued at $1.85 million and above, building on the province and federal governments previous move to rebate the HST for all first-time buyers of new homes up to $1 million.
https://news.ontario.ca/en/release/1007212/ontario-expanding-hst-rebate-to-lower-the-cost-of-new-homes-in-partnership-with-the-federal-government
TD Economics: Canada - What Might Have Been
This weeks data releases and Bank of Canada (BoC) statement describe a world that could have been, with a domestic backdrop that showed signs of easing inflation. The war in Iran has upended that. With escalatory strikes on energy infrastructure this week, WTI oil prices are holding at $94 (as of the time of writing). All the focus is now on how big and persistent the energy shock will be with the prospect of stagflation looming.
It is unfortunate that households and businesses will face this new pinch, because this mornings retail sales data sent some positive signals. Real volumes posted a solid gain in January, taking the three-month gain to 7.7% (annualized) and Februarys preliminary estimate of the nominal figure showed another solid month could be expected. After a year of fits and starts, it looks like things were just starting to turn a corner. The expected surged in gasoline and energy prices in March will muddy the picture and likely eat into the real spending figures in the months ahead.
https://economics.td.com/ca-weekly-bottom-line
Bank of Canada maintains policy rate at 2¼%
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%.
The war in the Middle East has increased volatility in global energy prices and financial markets, and heightened the risks to the global economy. The breadth and duration of the conflict, and hence its economic impacts, are highly uncertain.
Prior to the war, the global economy was on pace to grow at around 3%, as expected in the January Monetary Policy Report (MPR). Economic growth in the United States has moderated but remains solid, driven by consumption and strong AI-related investment. US inflation remains above target and has evolved largely as expected. In the euro area, domestic demand is supporting growth while exports have contracted. Chinas economy continues to be boosted by strength in exports, but domestic demand remains weak.
Since the outbreak of the conflict in the Middle East, global oil and natural gas prices have risen sharply, and this will boost global inflation in the near-term. In addition to energy supply disruptions, transportation bottlenecks stemming from the effective closure of the Strait of Hormuz could impact the supply of other commodities, such as fertilizer. Financial conditions have tightened from accommodative levels. Global bond yields have risen, equity market prices have declined, and credit spreads have widened. The Canada-US dollar exchange rate has remained relatively stable.
https://www.bankofcanada.ca/2026/03/fad-press-release-2026-03-18/
