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September Rate Outlook (on October 1)

I never thought I would hear the words “I think Justin’s a good person who’s doing a good job,” out of Donald Trump’s mouth, but there it is, and at the last minute NAFTA was settled with a stupid new … Continued

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Community Trust gives back to broker channel

    “We work with a lot of people through the phone, through email, and we don’t always see them,” said the broker and Mortgage Outlet director. “Today, we get to see them and connect with them, have a little … Continued

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Toronto has rebounded

    “The condo market is still on fire—it never slowed down,” said Mortgage Outlet’s Principal Broker Shawn Stillman. “Even month-over-month, the price per square foot is hitting new highs, and they’ve always been strong. Where the weakness is, however, … Continued

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August Rate Outlook

Variable: August provided a mixed bag of news, 54k net new jobs, but a loss of 28k full time jobs, inflation of 1.4% and Mexico and the US signing a Free Trade agreement behind Canada’s back. Given the uncertainly in … Continued

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July Rate Outlook

Variable: Given the uncertainly in the Canadian economy, it looks like the number of rate increases are going fewer and father apart, with most banks only expecting only one more late 2018.  The big surprise in the mortgage market is … Continued

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Mortgage Outlet – In the News

Variable trumps fixed According to one mortgage broker CMP spoke to, the real reason chartered banks have increased fixed rates is because they’re trying to shackle borrowers. “Banks are losing some of their customers at the renewal stage to mortgage … Continued

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June Rate Outlook

Over the past 30 days, there has been a mixed bag economic news and all eyes are on next Bank of Canada meeting.  The market believes there is only a 50% chance of the BoC increasing rates; however, I expect … Continued

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Mortgage Outlet – In the News

Federal Conservatives decry B-20, push for study to examine effects Mortgage Outlet’s Principal Broker Shawn Stillman doesn’t believe Kmiec will be successful in imploring the Liberals to study the mortgage rules simply because it’s Politics 101. “It’s unlikely he’ll be … Continued

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Mortgage Outlet – In the News

Honesty is the best policy for lenders Mortgage Outlet won Best Newcomer Mortgage Brokerage at this year’s Canadian Mortgage Awards, and according to Elan Weintraub, it’s a fruitful result of the firm’s high standard of service. “Everyone at Mortgage Outlet … Continued

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Mortgage Report – Debt is very, very bad. Unless it is very, very good.

Could it be the perfect time to get some good debt and unlock the value in your home to invest in Toronto real estate? I’ve mentioned in the past that I’m a risk averse person (my family has two Volvos!). … Continued

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May Rate Outlook

Since March we have been treading water with rates, fixed rates have remained flat with bond yields not moving and variable rates have not changed as the BoC did not increase rates as expected in May. With an increase in … Continued

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Do NOT renew your mortgage – unless you enjoy wasting thousands of dollars

When a mortgage term is almost complete, banks send letters to their clients to ‘renew’ them into a new mortgage.  Signing this letter usually takes one minute – and most people don’t give it a second thought – but this … Continued

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Winner of Regional Brokerage of the Year – Ontario

Mortgage Outlet is proud to receive the Regional Brokerage of the Year (Ontario) at the 2018 Mortgage Awards of Excellence. The Mortgage Awards of Excellence celebrates leadership, achievement and the pursuit of distinction in Canada’s mortgage industry; designed for the … Continued

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Mortgage Outlet – In the News

Mortgage Outlet featured in the news:   Why More Millennials Live At Home – And It’s Not Because They’re Lazy – Toronto Storeys Mortgage broker Elan Weintraub didn’t move out of his parents’ North York apartment after he graduated from … Continued

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April Rate Outlook

Since March we have been treading water with rates, fixed rates have remained flat with bond yields not moving and variable rates have not changed as the BoC did not increase rates as expected. With an increase in inflation and … Continued

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