Lic 10845, Independently Owned & Operated

Our National Kick Off will be held on Thursday January 23rd!!

Don’t miss this FREE one of kind event with 32 lender/insurer/MAC partner booths, lunch, awards ceremony, games & prizes, and much more!!!

We will connect live with all the different locations so the whole MAC Family can kickoff 2014 TOGETHER!

Should you invest in RRSP?
or Credit Card Repayment?, TFSA? or Mortgage Pay down?

The blitz is on. Every financial institution in Canada is trying to convince you to make an RRSP contribution – preferably with them – before the March 3 deadline. But should you? Not always.

Don’t get me wrong. I happen to be a big believer in the saving power of RRSPs. In fact, I have just written a book in which I refer to them as “the ultimate wealth builder”. Most people should put some money into them, especially those who don’t have an employer pension plan — which happens to be the majority of Canadians.

Condo and townhouse construction helped push up housing starts in Toronto in January, contrary to most of the rest of the country where they slipped below expectations.

In fact, the decline in starts across most of Canada were so sizable, “housing is tracking as a drag effect on the economy in the first quarter of the new year,” according to Scotiabank economics.

There’s no way of knowing how significant a role weather played, notes Scotiabank, although one thing is clearer: that the record year of condo sales across the GTA in 2011, when more than 28,000 units sold, is now playing out on the ground and bolstering building, and construction employment, across the GTA.

What does this mean for people looking for a mortgage, specifically – is a fixed or variable rate mortgage plan the better option? Unfortunately there is no concrete way to say which option is the ‘right option’ as each individual homebuyer must address his or her own personal needs rather than following remarks from economists.

Understand the differences between variable and fixed mortgage rates, which are most popular, and if a variable or fixed mortgage rate is most suitable for you. Bank of Canada affects Variable Rate Mortgages whereas Bond Market affects Fixed Rate Mortgages. One of the first decisions homebuyers and mortgage shoppers face is whether to select a fixed rate or variable rate mortgage. Both types of mortgages can be beneficial depending on many factors, including your current financial situation, your comfort level with fluctuating rates and your credit score. Learn more about your two options so you can make an informed decision.


We Serve Our Clients
Best Of Capacity

  • Jas Bath

    The experience with AKAL Mortgages Inc. is great!!! I recently got approved for a business loan thought them and the agent that helped me with the process was outstanding. I am impressed with the convenience and very helpful service. I hear their agents on the radio all the time making consumer aware of the options available about mortgages and loans. And, they way they do, touch my heart. So honest and ethical.

  • Oli Rubion

    My wife and I visited AKAL mortgages Inc. due to their reputation in the market. We were attended in a timely fashion to discuss our mortgage and line of credit needs. We are so glad that we were provided with great options and solutions to choose from. We are very happy and satisfied from the services provided by AKAL mortgages Inc. We definitely recommend their services to our family and friends.


Awards and Recognition