Richmond Hill, located in York region, is home to over 230,000 residents and growing! And what a beautiful and well-kept city it is – this is no surprise considering that it has been ranked as the 6^th best place to live in Canada. With that popularity comes higher home prices (outside of the supply and demand issue we’re currently facing throughout the entire country). As a Richmond Hill Mortgage Broker, our very existence as a business has been to find better mortgage options for our clients. And, since we’re not loyal to any one bank, we really do find options that work for our client’s best interest – unlike the major banks who can only sell you their products – and with this comes bias.

As prices continue to rise and while household income stays relatively stagnant, it’s inevitable that affordability is likely to become an issue. As a Richmond Hill Mortgage Broker, you need the highest affordability to remain competitive in the cutthroat market, and to do so involves strategy and planning (sometimes months in advance). We work with a long list of banks/lenders who have an even longer list of different mortgage products available. We’ll argue that there is no one-mortgage-for-everyone solution.

What used to be an industry dominated by major banks, is no more. Mortgage Brokers are emerging as the dominant source for mortgage financing, and broker channel banks are bringing their best game to make things happen for home buyers and homeowners throughout the country. With an average home price of $1,600,000 in Richmond Hill, you might need all the options you can get, but don’t let the sound of that exhaust you – without our guidance, it will be easy.