The City of Kitchener is located in Southern Ontario, Canada. It was orignally named the Town of Berlin from 1854 until 1912 and then the City of Berlin from 1912 until 1916. The city had a population of 204,668 in 2006 according to the Canada 2006 Census. The metropolitan area, which includes the neighbouring cities of Waterloo and Cambridge, has 451,235 people, making it the 11th largest Census Metropolitan Area in Canada and the 5th largest CMA in the province of Ontario. It’s the seat of the Waterloo Regional Municipality, and is adjacent to the smaller cities of Cambridge to the south, and Waterloo to the north. Kitchener and Waterloo are often referred to jointly as “Kitchener-Waterloo” (or “KW”), although they have separate municipal governments. Including Cambridge, the three cities are known as the “tri-cities”. Kitchener covers an area of 136.86 square kilometres. In 2004, the city celebrated its 150th anniversary.

Kitchener is a growing city, and along with the city of Waterloo is home to 2 universities. The city is an excellent place to settle down and raise a family. Buying a home in Kitchener is great for living and for investing. For your Kitchener mortgage, First Toronto Mortgage offers a variety of home mortgage prodcts. Kitchener mortgage products, include mortgage Kitchener fixed rates, mortgage Kitchener variable rates, home mortgage Kitchener refinances, Kitchener home mortgage renewals. So if you are buying a home in Kitchener, Ontario, contact First Toronto Mortgage for Kitchener mortgage.

Kevin Somnauth, CFA
First Toronto Mortgage (http://firsttorontomortgage.com)

London, Ontario is a city in Southwestern Ontario, Canada with a metropolitan area population of 457,720. London, Ontario had a population of 352,395 in the 2006 census. London is the middle of Middlesex County, at the forks of theThames River, approximately halfway between Toronto, Ontario and Detroit, Michigan. The City of London is a separated municipality, politically separate from Middlesex County, though it remains the official county seat.

London was first permanently settled by Europeans between 1801 and 1804 by Peter Hagerman and became a village in 1826. London has grown into the largest Southwestern Ontario municipality, annexing many of the smaller communities that surrounded it.

The city has developed a strong focus towards education, health care, tourism, development, and manufacturing. London is home to Fanshawe College and the University of Western Ontario, which contributes to the city’s reputation for research and cultural activity. The city hosts a number of artistic accomplishements. London’s festivals contribute to its tourism industry, but its economic activity is centred on military vehicle production, medical research, insurance, and information technology. London’s university and hospitals are among its top ten employers. London lies at the junction of Highway 401 and Highway 402, connecting it to Toronto, Detroit, and Sarnia, but lacks an internal freeway. It also has an international airport and train and bus stations.

London is a very modern city that is consitently being developed. With modern real estate, residential and commercial buildings are very attractive. As a result the homes and lifestyle are quite beautiful. Many people are moving away from the megacity of Toronto to London, Ontario, a beautiful city.

First Toronto Mortgage specializes in obtaining London mortgages. London mortgage products includes fixed London mortgage rates, variable London mortagage rates, open home mortgage product, closed home mortgage products, London mortgage puchase products, London home refinancing products and many more. For your London mortgage, think First Toronto Mortgage.

Posted by Kevin Somnauth, CFA
First Toronto Mortgage (http://firsttorontomortgage.com)

Brantford is a city located on the Grand River in Ontario, Canada. This municipality is geographically surrounded by the County of Brant and they are part of the same census division, but Brantford is municipally distinct from it. The city had a population of 90,192 in the Canada 2006 Census.

Brantford is connected to Woodstock, Ontario in the west and Hamilton, Ontario in the east by Highway 403 and to Cambridge to the north and Simcoe to the south by Highway 24.

Brantford is sometimes known by the nickname The Telephone City as former city resident Alexander Bell conducted the first distant telephone call from the community to Paris, Ontario in 1876. It is also the birthplace of hockey player “The Great One” Wayne Gretzky, comedian Phil Hartman, as well as Group of Seven member Lawren Harris.

Brantford, Ontario has a strong housing market. It is within commuting distance to Toronto, Ontario (the strongest economical city in Canada). Yet, it is outside of the Greater Toronto Area, so housing prices are still affordable today. As the the megacity of Toronto grows, areas just outside Toronto will see land and housing prices soar. Buying a house in Brantford certainly makes financial sense.

First Toronto Mortgage offers home mortgage financing to Toronto and to Central Ontario. If you are thinking of buying a home in Brantford, Ontario, and need a home mortgage, First Toronto Mortgage can get you the right mortgage product at the best mortgage rate in the market.

Posted by Kevin Somnauth, CFA
First Toronto Mortgage (http://firsttorontomortgage.com)

Last week RBC cut it’s 5-year fixed home mortgage rate in Canada. RBC’s posted 5-year fixed mortgage rate dropped from 5.79% to 5.69%. The special 5-year fixed mortgage rate dropped from 4.39% to 4.29%.

So what does this mortgage rate decrease mean? Perhaps, it means that the forecasted interest rates over the next 5 years were inflated. If interest rates are still expected to soar as high as economists are predicting, than 5-year fixed mortgage rates should not be decreasing. Also, variable mortgage rates should of increased much more than they have so far. Predicting home mortgage rates witihin the next 5-years is a guessing game, which is why I am a firm believer in variable mortgage products.

Posted by Kevin Somnauth, CFA
First Toronto Mortgage

Welcome to the lauching of FirstTorontoMortgage.com. The site has been re-designed to offer clients much more service than before. With more functional features, information, and a user-friendly interface, firsttorontomortgage.com has been designed to make the mortgage process even easier.