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My Rates

6 Months 3.09%
1 Year 1.99%
2 Years 1.99%
3 Years 1.99%
4 Years 1.99%
5 Years 2.09%
7 Years 2.94%
10 Years 3.30%
6 Months Open 5.75%
1 Year Open 3.45%
*Rates subject to change and OAC
AGENT LICENSE ID
m17000858
BROKERAGE LICENSE ID
12406
Sarah Hughes Mortgage Broker

Sarah Hughes

Mortgage Broker


Address:
2140 Victoria St, Innisfil, Ontario

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Sarah is new to the Mortgage industry and the My Better Mortgage Family. Sarah comes to us with a Diploma from Georgian College in Hotel Management. With more than 10+ years of Retail Management experience and 15+ years of Customer Service experience (customer experience certified).  Sarah has a vast knowledge of how to exceed client expectations. Sarah has a proven track record of getting results in the most difficult of situations. 
As a mom of 4 and wife of 10 years Sarah understands the importance of maintaining, growing and exceeding financial goals and freedoms. With having 4 children in 5 years Sarah knows the hardships of trying to maintain financial freedom while providing for her family. Sarah is passionate about supporting families and committing to helping them meet and exceed their financial goals whether it is: first time home buyers, refinancing or being Mortgage FREE sooner. Sarah is dedicated to helping meet your NEEDS.

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BLOG / NEWS Updates

Scotiabank: Why Canada needs to focus on ways to encourage more home building

The recent run-up in housing prices, and the attendant worries about affordability and accessibility, have many stakeholders scrambling to find quick solutions. While understandable, those approaches are likely to have only minimal impacts on Canadas housing situation and its consequences for people looking for a reasonably priced place to live. Focusing on interest rate policy or macroprudential instruments, such as stricter mortgage stress tests, draws attention away from the underlying cause of the problem: the inability of supply to meet demand. Put simply, this country doesnt build enough housing. We should not be surprised by this. Canada has increased immigration dramatically in recent years to tremendous benefit to the economy, but we failed to pro-actively address the housing challenges the consequent population boom was sure to bring. Policy efforts must focus far more on anticipatory, collaborative, multistakeholder and very specific solutions to the housing situation rather than on the short-term and ultimately ineffective macroprudential Band-Aids applied in recent years. Scotiabank Economics is publishing research this week looking at the increase in Canadas housing stock relative to the increase in population over the past several years to get a sense of how effective we have been in creating new units. The numbers are not encouraging. One way to look at it is by using the ratio of new housing to population growth. By that measure, construction has been well below its historical average since mid-2017. That is perhaps not surprising, given that Canada has seen an immigration-fuelled population boom since 2015. In the three years leading up to the COVID-19 pandemic, population grew nearly twice as fast as new housing units were being built. That ratio improved somewhat with the COVID-related stall in immigration, but it is likely to reverse course once immigration returns to planned levels. Dan Rees is group head, Canadian banking at the Bank of Nova Scotia. Jean-Fran¬ćois Perrault is Scotiabanks chief economist

Two-thirds of Canadians were asset resilient in the year prior to the pandemic

Just over two-thirds (67.1%) of Canadians were asset resilient for at least three months in 2019, up from 63.6% in 1999. Over these two decades, several factors contributed to the overall rate of asset resilience. For one thing, Canadians held more liquid assets at the end of the period. Median person-adjusted household liquid assets rose from $6,300 in 1999 to $10,700 in 2019. Canadians were also slightly older, on averagethe median age of Canadians increased from 36.4 years to 40.8 years. Family income has also been rising since 1999, and asset resilience is associated with higher income. The median person-adjusted, household after-tax income of Canadians increased by one-third (+34.9%), rising from $37,300 in 1999 to $50,300 in 2019, while the share of Canadians below the LIM-AT edged down from 12.4% to 12.1%. source: https://www150.statcan.gc.ca/n1/daily-quotidien/210504/dq210504e-eng.htm

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