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My Rates

6 Months 4.75%
1 Year 3.44%
2 Years 3.14%
3 Years 3.09%
4 Years 3.14%
5 Years 2.84%
7 Years 3.44%
10 Years 3.84%
*Rates subject to change and OAC
AGENT LICENSE ID
M16000311
BROKERAGE LICENSE ID
11931
Patrick Palmer Mortgage Agent

Patrick Palmer

Mortgage Agent


Office:
Phone:
Address:
1515 Rebecca Street, Unit c33, Burlington, Ontario

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Thank you for visiting my website which has been designed as a resource for answering questions people may have when thinking about a Mortgage for a Purchase, Renewal, Refinance, Equity Take Out, Investment and or other. There are many reasons why someone needs a mortgage and it is my top priority to find you the best one to meet your unique financial circumstances.

 

Please be aware that although I post the rates above, I also frequently have access to "Unpublished Rates" from lenders that are not available to the general public. If you are interested in learning more about these "Unpublished Rates", please contact me directly at 905-334-6329 or pat@zoommortgage.ca.

 

Every client has different needs, financial situation, and goals which mean that there is no one right solution for everyone. I start by first listening to my clients to better understand what they want from their mortgage and then shop their mortgage through our vetted network of financial lenders to find them the right solution that is tailored to their needs.

 

I believe a great mortgage is comprised not only of a strong rate but also strong terms, conditions, and features that provide the client with a complete mortgage solution.

 

I look forward to talking with you about how we can work together to help you make the most from your mortgage!


BLOG / NEWS Updates

Bank of Canada maintains overnight rate target at 1 ¾ percent

The Bank of Canada today maintained its target for the overnight rate at 1 percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 percent. The global economy is showing signs of stabilization, and some recent trade developments have been positive. However, there remains a high degree of uncertainty and geopolitical tensions have re-emerged, with tragic consequences. The Canadian economy has been resilient but indicators since the October Monetary Policy Report(MPR) have been mixed. Data for Canada indicate that growth in the near term will be weaker, and the output gap wider, than the Bank projected in October. The Bank now estimates growth of 0.3 percent in the fourth quarter of 2019 and 1.3 percent in the first quarter of 2020. Exports fell in late 2019, and business investment appears to have weakened after a strong third quarter. Job creation has slowed and indicators of consumer confidence and spending have been unexpectedly soft. In contrast, residential investment was robust through most of 2019, moderating to a still-solid pace in the fourth quarter.

LISTINGS FALL AGAIN TO END 2019, PUSHING PRICES HIGHER

Canadian Real Estate Association data show that national-level home sales fell 0.9% (sa m/m) in December 2019 after rising in the previous nine months. Limited availability looks to be increasingly weighing on sales activity. The month saw another broad-based decline in new listings18 of the 31 centres for which we have data witnessed fallsthat lifted the national sales-to-new listings ratio to 66.9%. It was the highest ratio since 2004 and a third straight month of supply- demand conditions tilted in favour of sellers (after data revisions). Fourteen cities reported sellers market conditions; the rest were balanced. The aggregate MLS Home Price Index (HPI) rose 3.4% (nsa y/y), its best gain since March 2018. Montreal remained Canadas tightest local market, with rising sales and falling listings leading to yet another record-high sales-to-new listings ratio and the citys steepest y/y MLS HPI gains since 2005. Ottawas ratio also reached a new high as new listings plunged by more than 20% (sa m/m), driving a record 12.5% (nsa y/y) MLS HPI increase. Toronto also crept into sellers market territory for the first time since March 2017as in Montreal, home purchases rose and new listings felland its 7.3% (nsa y/y) HPI rise was the sharpest since 2017. Click here for more. Source: Scotiabank Economics

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