Rick Sekhon, Mortgage Agent | Mississauga and surrounding area Mortgage Brokers
Rick Sekhon is a Mississauga and surrounding GTA mortgage broker. He has been ranked one of CMP's top 15 Brokers by volume and is focused on delivering the homeowner the best experience and lowest rates possible.
In the fall of 2018, many economists predicted that the Bank of Canada would increase interest rates 3 or 4 times in 2019, but that’s no longer the case! The global economy appears to be slowing and rarely do central banks increase rates when an economy is struggling. RBC recently announced a reduction in their five-year […]
Canada’s inflation rate rises to 3% in July, highest levels since 2011, according to Statistics Canada. That is 1% higher than the 2% inflation target set by the Bank of Canada. The Central Bank will likely hike rates on Sept 5th. Increasing rates is a proven tool used by the federal government for fighting inflation. […]
New mortgage loans down 7.7% from last year TORONTO — The Canada Mortgage and Housing Corporation says the country’s mortgage debt increased at a slower pace in the last quarter of 2017 compared to the year before. The Crown corporation attributes the slowdown to rising interest rates and decreasing home sales. In its quarterly mortgage […]
All of Canada’s Big Six banks have raised their prime rates! After the central bank’s announcement yesterday, Royal Bank of Canada, TD Canada Trust, Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and National Bank all said they will increase their prime rate by a quarter of a percentage point to […]
Credit market U-Turn: Bond yields now signal mortgage shoppers should go with a variable rate Recently, Canada’s five-year bond yield dove to a multi-month low, a bearish short-term signal for fixed mortgage rates. Why the U-Turn in rates? The whiplash in rates comes as President Trump threatens to tax Canada’s imports into the U.S. If […]
Brokers will have a leg-up on the competition – at least for the next few weeks – and should look to take advantage. Monoline rates will definitely increase in the near future … but until then brokers will benefit from RBC and other banks increasing their own rates. Once a lot of monoline business comes in, […]
Refinance and $ave! Keep your money where it belongs.. in your wallet. Call us now to calculate your $avings! By consolidating all of your debts and refinancing at a lower rate you can minimize your monthly payments. Not only are you paying less, you can also receive CASH IN HAND to renovate, to invest or to vacation. A $50,000 Equity […]
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