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AGENT LICENSE ID
M08005484
BROKERAGE LICENSE ID
10317
Marcel Ghazouli Mortgage Broker

Marcel Ghazouli

Mortgage Broker


Phone:
Address:
210-1179 King St W, Toronto, Ontario

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Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.  Lack of relevant  information or fear of the unknown can cause costly mistakes down the road. 

Mortgage lending has changed for the better.  If ever a second opinion was warranted, it is definitely worth your while to call me and find out more.  With so many more borrowing solutions available today, you have more choices and strategies than ever before to attain your future financial goals.  I'm here to help you achieve them.   

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.  I’m an independent, unbiased expert with access to over 40 lenders.  This is because I don't work for any one lender, I work for you.  This means that the end result will be customized to fit your immediate financial needs and future goals, and not those of the lender.

As your personal Mortgage advisor, I will be with you through the life of your mortgage.  I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’ll help you get the right financing, from the right lender, at the right rate. Let's get started!


BLOG / NEWS Updates

Unemployment rate unchanged in October

Following two consecutive months of growth, employment held steady in October. The unemployment rate was unchanged at 5.5%. On a year-over-year basis, employment grew by 443,000 or 2.4%, driven by gains in full-time work. Over the same period, total hours worked were up 1.3%. In October, employment increased in British Columbia and Newfoundland and Labrador, and was little changed in the other provinces. Employment was down for men in the core working ages of 25 to 54, and grew for the population aged 55 and over. Employment declined in manufacturing and construction. At the same time, employment was up in public administration and in finance, insurance, real estate, rental and leasing. The number of self-employed workers decreased, while the number of employees in the public sector increased for the second consecutive month.

Canada: Household Credit Growth Continues To Climb in September

CANADIANS BORROWING HAND OVER FIST Total Canadian household credit growth continued to accelerate in September, reaching a pace last seen in mid-2018. Despite a slight deceleration from the previous month to 4.3% at a seasonally adjusted annualized rate (m/m saar), trend growth remains at elevated levels. Both mortgage and consumer credit growth contributed to the 68 bps slowdown from the prior month (46 bps and 22 bps, respectively), but borrowing conditions remain favourable overall with trend growth still in strongly positive territory. RESIDENTIAL MORTGAGE CREDIT EXPANSION CONTINUES ITS ASCENT Residential mortgage credit growth continued on its upward trajectory in September supported by favourable borrowing conditions and strong labour markets. Mortgage loan growth accelerated by 4.9% m/m saar in September, pushing the year-on-year trend growth rate to 4.2% y/ythe fastest pace since mid-2018, marking a well-pronounced recovery in the mortgage-borrowing market. Canadas real estate market looks to be rebounding following a turbulent couple of years due to various policy announcements from 2017 to 2018 designed to cool the market. Mortgage borrowing has picked up through the second half of 2019 with the uptick in demand following a reduction in the mortgage qualifying rate in July and a decline in 5-year mortgage rates. With the Bank of Canada under pressure to continue to provide a stimulative environment following sustained levels of uncertainty, residential mortgage credit growth is expected to remain supported in the foreseeable-future. Strength in Canadian labour markets has also been conducive to a favourable borrowing environment. Septembers surge in job gains contributed to a fall in the unemployment rate to 5.5%. Source: Scotiabank

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TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
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ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages