Welcome to Devon Jones
Devon Jones

Devon Jones Mortgage Broker

877-385-6267 Ext. 103

(416) 884-1447

Will the bank of Canada cut interest rates this year?

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Last fall, when the Bank of Canada (BOC) signalled that it was likely done raising interest rates and would start reducing rates in 2024, Bay Street traders, economists, car...

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The First-Time Home buyer Incentive Program has come to an end!

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As of March 21, 2024 the FTHB program that helped to make homeownership more affordable is being discontinued by CMHC. The deadline for new or updated submissions for the...

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Exploring the Realm of Second Mortgages

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In the realm of financial strategies, second mortgages act as a potent tool for homeowners seeking to leverage their property’s equity. While the concept of a second mortgage may...

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3 in 10 Canadian homeowners regret their mortgage choice, 1 in 5 can‍‍’t afford it

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When considering long-term investment options, the majority of Canadians are in agreement that homeownership proves to be beneficial. Nonetheless, this journey often comes with unexpected hurdles, including unforeseen financial...

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Immigration and Housing Crisis

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The resounding alarm bells are taking on the deafening tone of bull horns, echoing across Canada’s real estate landscape. The critical issue at hand: the glaring inadequacy of housing...

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BOC on Rising Mortgage Interest Rates

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The Bank of Canada’s first-ever account of its internal policy discussions reveals that senior management is divided over whether Canada’s housing market would be more harmed by rising interest...

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The Benefits of Working with a Private Mortgage Lender

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Canadians use private mortgage lenders for various reasons. There is a stigma with private mortgage lenders that they are used only by people with bad credit. More and more...

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Comparison: Renting vs Buying:

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A recent study by Zoocasa reveals that the cost of renting versus buying comparable housing in select Canadian markets is equal. The difference between renting and buying was less...

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GTA June 2023 Home Sales Surge

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The Greater Toronto Area (GTA) witnessed a significant surge in new home sales during June compared to the previous year. However, despite this impressive growth, the numbers still fell...

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Getting a mortgage with bad credit

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Getting a Mortgage with bad credit Getting a mortgage with bad credit can sometimes be difficult, but possible in Canada. Whether you’re buying a home, refinancing your existing mortgage,...

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Best Mortgage Agents To Use In Durham Region

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Buying a home is a significant financial commitment that requires careful consideration. With so many mortgage options available in the market, choosing the right one that suits your needs and...

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HELOC Loans: Benefits & Drawbacks

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As a homeowner, you may have heard of Home Equity Lines of Credit (HELOCs) and wondered if they are a good option for financing your next big purchase. HELOCs...

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