Get the Best Mortgage Rates Toronto and Expert Advice to Save the Most for the Life of Your Mortgage

Offering ideal mortgage rates in Kitchener and also Kitchener Mortgage Rates.

5 Year Fixed

1.94%

120 Day Rate Hold

20% Annual pre-payment.

Full Feature Mortgage

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5 Year Variable

1.85%

120 Day Rate Hold

20% Annual pre-payment.

Full Feature Mortgage

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3 Year Fixed

1.99%

120 Day Rate Hold

20% Annual pre-payment.

Full Feature Mortgage

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1-10 Year Fixed

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120 Day Rate Hold

20% Annual pre-payment.

Full Feature Mortgage

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Avoid a Costly Surprise

It is sometimes said that ‘the devil is in the details’ and this is no exception when it comes to mortgage fine print, terms and conditions. 

It’s easy for a lender to offer extremely low mortgage rates Toronto upfront, only to design complexity into the mortgage terms and conditions that can end up costing you, the borrower thousands of dollars more over time. 

Remember, the Banks and lenders have been at this for decades – studying consumer behaviour. They know what works and there is a point where lower mortgage rates Toronto may become a problem for borrowers.

We offer you the best mortgage rates Toronto with flexible, understandable terms and conditions that work for you, not against you over time.

 Toronto Mortgage Rates Monitoring and Optimization

As markets change and opportunities present themselves, leading investment advisors will help to ensure that you earn the best investment returns over time. This involves constantly monitoring the economy, markets, and government actions so that your portfolio performance is optimized.

Similarly, as leading Mortgage Brokers in Toronto, we monitor Toronto Mortgage Rates to help optimize your savings for the life of your mortgage. This is often 25 years or more, which is why we position ourselves as long term planners to save the most on your mortgage – it is not just a one time deal.

At Altrua Financial we have a good understanding of the economic forces behind mortgage rate changes and are ahead of these changes to offer you the money-saving advice, in many cases before the rest of the mortgage market reacts. This means more savings on your mortgage.

Optimizing Before Closing

  • When you connect with us, we will set you up on our Rate Watch system that tastefully delivers you the best mortgage rates weekly, up and until your closing.
  • At least 1 month before your mortgage closing or renewal date, we can apply to approve you for the best mortgage rate with the best lender. 
  • This provides the assurance of the best Toronto mortgage rates approval, but at the same time, it does not commit or ‘lock you in’ – so if rates continue to decline, then you will save more up and until closing.

Optimizing After Closing

  • After your mortgage closes with Altrua, we continue to apply the same close rate monitoring with your mortgage – in search of opportunities to help you save even more.
  • Our systems monitor your mortgage and its unique features including rate, time to maturity, penalty to leave the mortgage and rate environment.  There is no extra work on your part.
  • We proactively connect with you once we have found a very clear and substantial savings opportunity. Five years is a long time, and as we continue to watch the market carefully it is likely that an opportunity will arise.

Get on the Right Path for Toronto Mortgage Savings

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Mortgage Rates Toronto, the Local Economy, and Housing Market

It’s true that as far as mortgage rates Toronto are concerned, it is one of the ‘fiercest’ mats easy markets in Canada. It’s easy enough to go online and connect with 5 different leading Toronto mortgage brokers or banks and be quoted a rate.

But let’s say you shopped for a smartphone or a car based ONLY on cost. Afterall an interest rate is just the COST of the mortgage. Well, paying the lowest price for a smartphone or car, you will pretty clearly and suddenly experience, may not be the best solution for you.

Mortgages are invisible, and the fine print can be technical and more difficult to understand – so the best mortgage rates Toronto in many cases may be deceptive and missing certain features and benefits designed to protect you – and save you money over time. 

The Toronto Economy Fast Facts in 2020

  • Toronto’s economy is home to Canada’s banking and finance system which ranks first in the G7 for 11 years and is one of the strongest systems in the world.
  • Toronto’s GDP is growing significantly faster than the national average at 2
  • .4% per year compared to the National 1.8% per year.
  • Toronto is highly competitive in every major business sector from green energy, to technology fashion and design, food film and television, and every other major business.
  • Toronto celebrates a history of diversity and culture, in which many cultures live in harmony and enjoy the presence of each other, both in life and in business.

Toronto Housing Market Fast Facts and Mortgage Rates  in 2020

  • Lets cut to the chance: because of COVID, Toronto housing prices will be balanced in some areas, and down in many.
  • Under pessimistic valuations that project a 15% unemployment rate, housing prices may fall up to 15%
  • Under a more optimistic 2020, the unemployment situation of 10% housing prices may fall up to 10%.
  • In either case, there is a decrease in housing prices in Toronto as a result of COVID.

Toronto Housing Prices Looking Forward to 2021-2022

  • The important thing to remember however is that these declines are a result of COVID, not the natural or systemic nature of Toronto housing prices. In other words, once things return to even close to normal, Toronto housing prices are likely to resume their upward trend.
  • So for many, this dip in housing prices may represent a once in a lifetime opportunity to buy at a lower price in Toronto.
  • With housing prices dipping, whether you are buying in Toronto or renewing your mortgage in Toronto now is the ideal time to get not only the Best Toronto Mortgage Rate. 

Your Toronto housing price will not likely cost you over time, but your mortgage rate WILL. Its time to discuss a long term plan with Altrua to ensure you are paying the lest for your mortgage, for the life of your mortgage