A. Q.  Mufti

A. Q. Mufti

Sales Representative

RE/MAX Real Estate Centre Inc., Brokerage*

Mobile:
416-908-5600
Office:
905-270-2000
Email Me
A. Q.  Mufti

A. Q. Mufti

Sales Representative

RE/MAX Real Estate Centre Inc., Brokerage*

Mobile:
416-908-5600
Office:
905-270-2000
Email Me

As BOC eying on rate hike next year, how will it affect my dream of home ownership?

April 22, 2021

Despite the COVID-19 pandemic, the Bank of Canada sees a stronger than expected economic recovery hence is expected to raise the lending rate in the second half of next year, 2022.

 

Is it good news for the homebuyers? The answer is yes and no.

 

It is bad news for the buyers who are still waiting to get into the real estate market both as first-time homeowners and as investors but have not made up their minds.

Because if they still have to wait for next year they will be looking into paying higher rates compared to historically low rates these days.

It is even more likely, as the banks normally do, that the banks may increase their lending rate in advance in anticipation of the BOC rate hikes. So the hike in the bank rates starts to affect them even earlier than anticipated.

 

On the other hand, it is somewhat good news, especially for first-time homebuyers, as it may have some cooling effect on the ever-climbing house prices that is going on for over a year now and does not seem to have any other cooling effect in sight.

 

But again, it is a double whammy in the sense that they may be looking for some slowing down in the house prices, which may not come true due to many other factors, but on the other hand, they will be paying for higher monthly payments.

 

Besides, their affordability would also reduce due to the debt ratio the lenders calculate based on their earnings, liabilities, and the monthly payment they can afford.

 

Does it all sound complicated?

I can help you understand the current real estate situation and walk you through towards achieving your goal of having your dream home or find the best investment opportunities.

I can be reached directly at 416-908-5600.

Please pray for the safety of all and seeing an end to the COVID-19 pandemic soon.

#BeSafeAndHelpOthersBeSafe

 

A. Q. Mufti

 

Dir: 416-908-5600

E-Mail: info@aqmufti.com

Profile: http://www.aqmuftirealty.com/about_me/25723
Web:    www.aqmufti.com

             www.aqmuftirealty.com

 

Instant FREE Updates When Your Neighbours Are Selling!: https://www.aqmuftirealty.com/landing/neighbourhood-buzzer

 

To read the full article of Financial Post please follow the link:

https://financialpost.com/news/economy/a-stronger-than-expected-recovery-has-bank-of-canada-eyeing-interest-rate-hikes-in-second-half-of-2022

Have Questions?

About Me

PROFESSIONALISM, INTEGRITY, COMMITTMENT

With a strong passion for real estate and an unwavering commitment to integrity, I am dedicated to delivering exceptional service to my clients. My extensive experience, coupled with a diverse background, allows me to offer a comprehensive approach to all your real estate needs.

Professional Achievements:

  • Trusted Realtor in Mississauga with deep expertise in the Greater Toronto Area (GTA) and surrounding regions
  • ABR - Accredited Buyer's Agent
  • SRS - The Seller Representative Specialist
  • CNE - Certified Negotiation Expert
  • Certified Project Management Professional (PMP)
  • Master’s degree in Geography.
  • Former Member of the Toronto Regional Real Estate Board (TRREB) Members Communications Committee.
  • Honored with:
    • Queen’s Diamond Jubilee Medal,
    • King Charles Coronation Medal,
    • Mississauga Mayor’s Civic Service Awards,
    • Gold Medal of Excellence for Human Rights (twice),
    • MuslimFest Community Award, at their 25th annual celebration
    • Community award for dedicated community services,
    • and others
  • Community Leader with over 25 years of active service
  • Nomination candidate for Member of Parliament (MP)
  • Served two 4-year terms as a Member of Mississauga Mayor’s Diversity & Inclusion Advisory Committee (DIAC).
  • Member of Mississauga Mayor’s Combating Racism and Hate Advisory Committee (CRDHAC).
  • Served as member of Halton Region School Board's Equity and Inclusive Education Committee,
  • Member of Halton Region Police’s Multi-Faith Support Team MFST
  • Member of Peel Region Police Resource Council
  • Served as Member of Peel Region Public School Parents Council.
  • Served as Team Captain of Cancer Society’s Relay for Life
  • Served as Board Member of international relief organization.
  • Served for over 13 years as a member of Board of Directors of Trillium Health Partners Foundation
  • Serving as member of Emeritus BOD of Trillium Health Partners Foundation
  • Serving as member of Multi-Billion Campaign Cabinet of Trillium Health Partners Foundation
  • Served as Scouts Canada leader
  • Column writer
  • TV Panelist on current affairs
  • Chair of Family Day Walkathon, raising $5 million for Trilium Hospital, Missisauga
  • Past Project Manager and IT Consultant, bringing a strategic and analytical approach to real estate
  • Multilingual: Fluent in:
    • English,
    • Urdu,
    • Hindi, Punjabi,
    • Can communicate in Arabic

 

RE/MAX has more than 100,000 agents across 95+ countries and sells more real estate than any other Canadian brand.

At RE/MAX Real Estate Centre Inc., I am committed to providing you, your family, and friends with exceptional services for all your real estate needs, including Residential, Commercial, and Agri/Farm Business.

RE/MAX Real Estate Centre Inc. operates out of over a dozen locations with over a thousand trained real estate professionals. In 2017 alone, 10,852 properties were sold, and 105,144 appointments were scheduled.

 

With my background in IT and Project Management, combined with years of dedicated service to charitable and nonprofit organizations, I bring professionalism, ethics, and sincerity to every transaction. I strive for excellence in everything I do.

 

If you are looking to buy or sell your next home or business, I would be delighted to help you achieve your goals. My focus is not on short-term gains but on building long-term relationships by finding solutions that best meet your needs.

 

My focus is on building long-term relationships with my clients by providing:

  • Dedicated attention to your unique needs.
  • Best-in-class promotion and marketing strategies.
  • Strong negotiation skills.
  • Detailed care of critical aspects often overlooked.
  • In-depth market trend analysis.
  • Honest discussions about the pros and cons of each opportunity.

 

I am available during weekdays and weekends and will personally meet or return your call at a time convenient for you.

You can reach me directly by calling 416-908-5600 or by emailing me at info@aqmufti.com.

I look forward to hearing from you soon.

 

A. Q. Mufti

Your Trusted Realtor in Mississauga, Oakville, Milton and beyond.

 

 



Designation: Realtor, MSc, PMP, ABR, SRS, CNE

Education: MSc

Speciality: Buy, Sell, and Rent Residential, Commercial (Office & Warehouse), and Agricultural Properties

Years of Experience: Over 10 Years

Awards: Queen's Diamond Jubilee Medal, King Charles Coronation Medal, Gold Medal of Excellence for Human Rights Community award for dedicated community services, Mississauga Mayor’s Civic Service Awards, Muslim Fest Community Award, at their 25th annual celebration

Area Covered: Mississauga, Oakville, Milton, Burlington, Brampton, GTA and beyond, including Waterloo, London, Oxford, Paris, Woodstock, Niagara, Thorold

Languages Spoken: Arabic, English, Hindi, Punjabi, Urdu



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