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My Rates

6 Months 3.75%
1 Year 2.79%
2 Years 2.59%
3 Years 2.49%
4 Years 2.44%
5 Years 2.04%
7 Years 2.89%
10 Years 3.29%
*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:
1100 Burloak Dr Suite 300, 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Please be aware that although I post the rates above, I also frequently have access to "Unpublished Rates" from lenders that are not available to the general public. If you are interested in learning more about these "Unpublished Rates", please contact me directly at 905-334-6329 or pat@zoommortgage.ca.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

Employment continues to rebound in July

From February to April, 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. This included a drop in employment of 3.0 million and a COVID-related increase in absences from work of 2.5 million. Employment rose by 419,000 (+2.4%) in July, compared with 953,000 (+5.8%) in June. Combined with gains of 290,000 in May, this brought employment to within 1.3 million (-7.0%) of its pre-COVID February level. The number of Canadians who were employed but worked less than half their usual hours for reasons likely related to COVID-19 dropped by 412,000 (-18.8%) in July. Combined with declines recorded in May and June, this left COVID-related absences from work at just under 1 million (+972,000; +120.3%) above February levels. By the week of July 12 to July 18, the total number of affected workers stood at 2.3 million, a reduction since April of 58.0%.

Canadian home sales and new listings up again in June

Home sales recorded over Canadian MLS Systems in June 2020 rebounded by a further 63%, returning them to normal levels for the month some 150% above where they were in April. Transactions were once again up on a m-o-m basis across the country. Among Canadas largest markets, sales rose 83.8% in the Greater Toronto Area (GTA), 75.1% in Montreal, 60.3% in Greater Vancouver, 99.7% in the Fraser Valley, 54.9% in Calgary, 59% in Edmonton, 22.5% in Winnipeg, 34.8% in Hamilton-Burlington, 67.9% in London and St. Thomas, 55.6% in Ottawa and 43.6% in Quebec City. Actual (not seasonally adjusted) sales activity posted a 15.2% y-o-y gain in June. REALTORS across Canada are increasingly seeing business pick back up, stated Costa Poulopoulos, Chair of CREA. With sellers and buyers returning to the market, we continue to make sure clients stay safe by complying with government and health officials directives and advice, increasingly using technology to list and show properties virtually while providing secure methods to complete required forms and contracts. As always, but maybe now more than ever, REALTORS remain the best source for information and guidance when negotiating the sale or purchase of a home, continued Poulopoulos.

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TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank Street Capital CMLS Fisgard Capital
ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages