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5 Years 1.59%
*Rates subject to change and OAC
AGENT LICENSE ID
M19001031
BROKERAGE LICENSE ID
10252
MUKESH CHOUHAN Mortgage Agent

MUKESH CHOUHAN

Mortgage Agent


Address:
1305 Matheson Boulevard, Mississauga, Ontario

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Mukesh’s mantra is “helping home buyers and homeowners get the best mortgage for their needs”.

 

With a smart mind and a warm heart, Mukesh Chouhan always puts the needs of his customers before all else. With 16 years of experience in the mortgage and finance industry, he is determined to use his immense expertise and strong interpersonal skills to help every client find the best solutions for their mortgage needs. 

 

Mukesh will work tirelessly to help you find the right mortgage that suits your needs and aligns with your financial goals. His wide scope of financial experience allows him to uncover the varying needs of each client, working together to tailor a mortgage solution that'll pave the best path forward. Mukesh will fight to get you the lowest mortgage rates available to you and will not stop until he turns one lender's NO into another one’s YES! 


Call Mukesh at 647-894-3189 or email him at mukesh@mortgagediligent.com  to get started on your residential mortgage journey. "


BLOG / NEWS Updates

Slight increase in home sales in December

Summary On a seasonally adjusted basis, home sales increased 1.3% from November to December, a second monthly gain in ten months. Despite this relative stabilization of the market in December, sales were still down 37.8% from their February 2022 level. New listings were down 6.4% from November to December, a fifth contraction in six months which shows that both buyers and sellers remain on the sidelines in the current market environment. It should also be noted there is still a high proportion of sellers who are changing their minds, as we estimate that about one in five listings are withdrawn during the month. The low level of sales is still allowing supply to rebuild, with the number of months of inventory increasing from 4.1 to 4.2 in December. While easing, market conditions are still pointing in the direction of a favourable to sellers market with supply still very low on a historical basis. Housing starts fell 14.4K in December to a 9-month low of 248.6K (seasonally adjusted and annualized). Urban starts dropped 12.9K to 227.7K on declines in both the single-family (-5.5K to a post-pandemic low of 44.9K) and the multi-family segment (-7.4K to 182.9K). The Teranet-National Bank Composite National House Price Index decreased by 0.3% in December compared to the previous month and after adjusting for seasonal effects, the sixth consecutive monthly decrease. After adjusting for seasonal effects, 6 of the 11 markets in the composite index were down during the month: Winnipeg (-1.8%), Calgary (-1.1%), Ottawa-Gatineau (-1.1%), Edmonton (-0.9%). Montreal (-0.5%) and Toronto (-0.4%). Conversely, the Quebec City (+1.3%), Victoria (+1.1%). Hamilton (+0.8%), Halifax (+0.4%) and Vancouver (+0.1%) markets were up. https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf

What’s Happening in Canadian Housing Markets as We Head into 2023?

Sales in November were down 3.3% on a month-over-month basis, rejoining the trend of moderating sales that began back in February. The Aggregate Composite MLS Home Price Index (HPI) edged down 1.4% on a month-over-month basis in November, which, as with sales activity, continues the trend that began in the spring. The national MLS HPI now sits about 11.5% below its peak level but there are considerable regional differences. While prices are down more in Ontario and parts of British Columbia, they have softened to some degree almost everywhere. Calgary, Regina and Saskatoon stand out as markets where home prices are barely off their peaks. https://www.creacafe.ca/whats-happening-in-canadian-housing-markets-as-we-head-into-2023/

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