Fixed Rates

Prime 7.20%
5 Year Fixed Rate 5.19%
4 Year Fixed Rate 5.39%
3 Year Fixed Rate 5.79%
2 Year Fixed Rate 6.09%
1 Year Fixed Rate 6.44%

Variable Rates

5 Year Variable Rate Prime -.90%
3 Year Variable Rate Prime -.90%

Private Mortgage Rates

First Mortgages starting as low as 7.99%

Second Mortgages starting as low as 9.99%

Up to 80% LTV
Beacon Scores from 300 +

Navigating Markham’s Mortgage Landscape

Markham’s real estate sales continue to decline due to elevated borrowing costs, an uncertain economy, and lack of affordability. This trend has caused many would-be Ontario homeowners to delay their purchase until the financial landscape becomes more favourable.

However, experts project a shift in the near future. If you're looking to save money and secure better terms, contacting mortgage brokers in Markham is wise.

Reuters predicts that the Bank of Canada will lower interest rates by the second quarter of 2024, as the economy and inflation start to slow. This is expected to positively impact the real estate market by stimulating housing demand.

While many turn to traditional banks, working with a mortgage broker in Markham can offer significant advantages when exploring financial options. At Canadalend, we provide competitive rates and superior terms through our network of lenders.

We engage with our clients to understand their financial concerns and goals, ensuring we find the most suitable solutions.

Mortgage Rates Markham: Our Mortgage Solutions

We customize our Markham mortgage solutions to align with our client's individual circumstances and financial objectives. Our approach empowers homeowners, giving them greater control over their future.

Mortgage Refinancing

Many Canadians have taken advantage of low interest rates and increasing market values to consolidate debt or renovate. Refinancing can lower monthly payments, freeing up additional cash, or provide financing by accessing your home’s equity for renovations.

Home Buyers Mortgage Plans

Canadalend’s home buyer's mortgage plans make the home-buying process stress-free and seamless. Whether you want to purchase your first home or upgrade, our agents offer tailored finance options and personalized guidance with competitive rates.

Second Mortgage

If you require financial help, second mortgages can offer the perfect solution. They are secured against a home previously mortgaged. It raises funds for anything you require money for and can be an alternative to refinancing a first mortgage.

Commercial & Industrial Solutions

As leading commercial mortgage brokers in Markham, our agents can help you unlock financial opportunities to funnel the growth of your business. Whether you are a new or existing entrepreneur, we work with your requirements to provide tailored solutions unique to your situation.

We offer flexible repayment and term options, allowing customers to customize their mortgage terms to align with their growth plans, cash flow projections, and objectives.

Private Mortgages

Private lending gives people customized funding options in unique financial circumstances like self-employment or damaged credit. Mortgage lenders in Markham offer flexibility for people who can’t qualify for a traditional bank loan or require fast financing.

The criteria for qualification examines market value, income potential and location instead of income and credit score for a more viable financial option.

Bad Credit Mortgages

Obtaining a mortgage is challenging if your credit is damaged. In 2014, Canada Mortgage and Housing Corporation (CMHC) provided stricter lending rules, raising qualifying credit scores. Since their lenders must follow their terms, it left homeowners feeling frustrated.

By leveraging our pool of private lenders, our strategic short-term solutions give clients competitive rates, lowering their payments. It allows them to rebuild their credit score quickly and easily.

Self-Employed Mortgages in Markham, Ontario

Self-employed individuals experience difficulty in qualifying for a mortgage because they have a reduced taxable income. Our long list of private and institutional lenders provides excellent rates for entrepreneurs. They understand you contend with tax write-offs causing significant declared income reductions.

These lenders won’t make you prove your income. A reasonable estimate of annual income is acceptable for approval.

Home Equity Loans

Your home’s market value increases over time as you pay your mortgage. Home equity loans allow you to withdraw money accumulated in your home based on its value. It provides lower interest rates than a credit card, allowing you to combine bill payments. Interest-only payments allow for greater financial flexibility for you to grow other investments.

Home Equity Line of Credit (HELOC)

Home Equity Line of Credit gives homeowners flexible access to their funds by leveraging home equity. It provides individuals with a revolving credit line to use for different purposes. HELOCs give homeowners flexibility and financial freedom by allowing them to borrow when most needed.

Mortgage & Tax Arrears

Mortgage and tax arrears place additional strain on homeowners. However, our portfolio of private lenders can assist you in paying off what you owe. Circumstances beyond our control frequently happen, causing us to miss payments.

However, we can assess your situation and provide the best options. Competitive rates can reduce your payments, making life more enjoyable.

Reverse Mortgage

Reverse mortgages access your home’s equity without the need to move or sell. Homeowners 55 and over can unlock tax-free funding for greater flexibility and financial security. Flexible payments allow you to make regular mortgage payments or defer them based on your situation.

No income requirements are making them desirable to seniors with limited income.

Mortgage Renewal

Instead of remaining with your current lender, our agents can find you a better mortgage and rate, saving you money. With our vast portfolio of available lenders, we generate competition for your business, driving down monthly payments and creating better terms. Our rates exceed what the traditional banks can offer.

What Sets Our Mortgage Brokers in Markham Apart

Why go through the lengthy hassle with a traditional bank when there is an easy way? With changes in CMHC regulations, many Canadians will experience rejections on their mortgage application — including those who are self-employed or have low credit scores.

In 2020, there were 30,985 self-employed people in Markham, Ontario. Furthermore, 15% of Canada falls under this same employment bracket, and the numbers are rising. These changes affect many Canadians who need better options.

People need better choices, and this is where Canadalend shines. Our experienced team of mortgage brokers has access to a substantial pool of lenders vying for your business. We get our customers the best rates and terms by increasing competition between lenders.

Canadalend tailors their services to our customers’ financial situations and goals. Your home is your most important investment and asset. Therefore, our clients must receive the services they deserve.

Our team dedicates themselves to five-star service. We will review all your options with you to determine which is the best and most viable one.

Awards & Recognitions

I understand that by submitting this form, I consent to Canadalend’s Disclaimer and Privacy Policy. I also agree to be contacted by email, phone, text message or any other form of communication by Canadalend and its affiliates. My consent can be withdrawn at any time.