What are the opening hours?

Monday 8am - 8pm Tuesday 8am - 8pm Wednesday 8am - 8pm Thursday 8am - 8pm Friday 8am - 8pm Saturday 8am - 8pm Sunday 8am - 8pm

Rozil Redhu

Home
Canada
Mississauga, ON
Rozil Redhu

Call Directions Website

👨🏽‍💼Your Go-To Guy! Mortgages | Refinance | Pre Approvals | Debt Consolidation | Real Estate.
📢 Tap for motivation, news & knowledge.

10/31/2026

Happy Halloween 👻

10/28/2026

📢 Bank of Canada raises its key interest rate to 2.50%

Today the Bank of Canada raised its policy rate by 25 basis points, from 2.25% to 2.50%. It is the Bank's first rate increase since July 2023.

Why now? In the Bank's words, the hike is meant "to reduce the risk that elevated energy prices could spill over and become generalized inflation." Higher oil prices from the conflict in the Middle East are pushing up costs for families and businesses.

🏦 Big-bank prime rate: Canada's big banks' prime rate is expected to move from 4.45% to 4.70%.* Prime is set by each bank, not by the Bank of Canada, but it usually follows the Bank's move.
*As of October 28, 2026, the big banks have not officially announced this change. They usually do within one to two days.

What it means for you:
🔹 Variable-rate mortgage: your payment or the interest portion may go up
🔹 HELOC or line of credit tied to prime: your interest cost may rise
🔹 Fixed-rate mortgage: no change until your renewal
🔹 Renewing soon: your renewal options may look different than they did a few months ago

🔎 What's next, in the Bank of Canada's words:
🔹 "There could be a need to raise the policy rate further, but given the uncertainties, we will proceed carefully."
🔹 Inflation is "expected to rise to about 3½% by year end," then return "close to the 2% target by the middle of 2028."
🔹 Future decisions will be taken "one meeting at a time."

📅 Next rate decision: December 9, 2026
📅 Next Monetary Policy Report: January 27, 2027

✅ 3 smart moves right now:

On a variable mortgage or HELOC? Check your new payment and your budget.

-Renewing in the next 6 to 12 months? Start early and compare your options.

-Buying soon? Get pre-approved (OAC) so you know where you stand.

Renewing, buying or refinancing? Send me a DM and see how I can help you. 💬

Source: Bank of Canada, Oct 28, 2026

.ca

10/27/2026

📢 Bank of Canada decision tomorrow: rate hike odds have flipped!

After the last few reports, shifting market conditions and high crude prices, the chance of a rate hike on October 28 has jumped from about 30% to about 75%.

What changed? 👇
🔺 Inflation rose to 3.1% in September
🛢️ WTI crude is above US$100 and Brent is above US$110, far higher than the Bank expected in July
🎙️ Governor Macklem signalled the Bank will raise its inflation forecast

What the big banks expect on October 28:
🏦 RBC: hike
🏦 BMO: hike
🏦 Scotiabank: hike
🏦 CIBC: hike
🏦 Desjardins: hike
🏦 TD: hold

What it means for you:
✅ Variable-rate and HELOC borrowers could see payments rise if the Bank hikes
✅ Renewing soon? Now is the time to review your options
✅ Buying? Get pre-approved to protect yourself against rate changes, OAC

Disclaimer: These are market odds and economist forecasts only, not a guarantee. The Bank of Canada could still hold. Sources: Reuters, Bloomberg, market pricing as of October 27, 2026.

Renewing, buying or refinancing? Send me a DM and see how I can help you. 💬

.ca

10/19/2026

📊 Canada's inflation ticked up to 3.1% in September (from 3.0% in August). Economists expected 3.2%, so it came in a little cooler than forecast 👀

⛽ The headline
🔹 Gas prices were up 27.8% from a year ago
🔹 Take gas out and inflation was 2.2%, down from 2.4%
🔹 The Bank of Canada's favourite core measures both eased: CPI-trim 1.8%, CPI-median 1.9%

🛒 What drove it
🔥 Fuel oil +57.8%, which hit Atlantic Canada hardest
🏠 Rent +2.8% (same pace as August), and shelter overall +1.8%
🥦 Groceries +1.7%, the smallest yearly rise since May 2024
🏦 Mortgage interest costs −0.2% from a year ago
📍 Ontario had the lowest rate of any province at 2.5%. P.E.I. (5.7%) and Nova Scotia (5.6%) were the highest

⚖️ The mortgage angle
This was the Bank's last inflation report before its Oct 28 decision. As of Oct 19, markets were pricing about a 78% chance of a hold and 22% odds of a hike (BankofCanadaOdds.com). These are market odds, not a prediction or a guarantee, and the Bank decides independently.

🔁 Renewing or on a variable rate? DM me RATE and we'll go through your options together 💬

📚 Sources: Statistics Canada, The Daily, Oct 19, 2026; Reuters poll (LSEG) via The Canadian Press, Oct 16, 2026; BankofCanadaOdds.com, Oct 19, 2026. Educational only, not a rate quote or advice.

Rozil Redhu,
Mortgage Agent Level 2
Clover Mortgage | FSRA #13168
647-707-6945

.ca

10/12/2026

🍁🦃 Happy Thanksgiving! 🧡🍂

Wishing you and your loved ones a day full of good food 🥧, warm company 🏡 and plenty to be grateful for 🙏. Thank you for being part of my journey this year! 💚🍀

.ca

10/09/2026

Canada just lost 68,000 jobs in September. 📉 Here's what it could mean for your mortgage.

👉 The headline: This is the second drop in a row, after August lost 42,000. Unemployment rose to 6.5%, and economists were expecting a gain of about 9,200. Participation fell to 64.8%, the lowest since 1997 outside the pandemic.

👉 Who and where: About 7 in 10 of the lost jobs were young people aged 15 to 24. Education, health care and manufacturing all shed jobs. Ontario dipped by 20,000, but unemployment here held at 7.0%, almost a full point better than a year ago.

👉 The rate angle: This was the Bank of Canada's last jobs report before its October 28 decision. Capital Economics says two weak months make an October hike unlikely unless September inflation comes in hot. RBC says not to over-read it, since youth job losses are partly seasonal. As of today, markets lean toward a HOLD, at about 61% hold versus 39% hike.

📅 Next to watch: September inflation, out October 19.

Renewing or buying in the next few months? Your timing matters. Let's map out your options before the Bank decides. DM me JOBS or tap the link in bio. 📲

Rozil Redhu | Mortgage Agent Level 2
Clover Mortgage | FSRA #13168
[email protected]
647-707-6945

Sources: Statistics Canada, Labour Force Survey, September 2026; Capital Economics; RBC Economics. Hold and hike odds are market-implied probabilities from BankofCanadaOdds.com as of Oct 9, 2026. They are not a forecast or a guarantee. This post is for education only, not a rate quote or advice.

.ca

10/07/2026

GTA housing update 🏠
September 2026 is in — swipe through the numbers.

5,040 sales last month (−9.0% vs last year).
Average price $1,006,409 (−5.1%).
Benchmark (MLS® HPI) $917,600 (−4.7%).

Inside the carousel:
• By home type
• 416 vs 905
• Where sales came from
• Month-by-month through September
• Year-to-date: 47,115 sales, avg $1,025,266, about $48.3B in volume

2025 was the slowest recent year, at 62,311 sales. Through nine months, 2026 is still about 1.0% behind that pace.

Thinking of buying, renewing, or refinancing in the GTA? Happy to walk the numbers with you.

Source: TRREB Market Watch, September 2026

Rozil Redhu | Mortgage Agent Level 2
Clover Mortgage | FSRA # 13168
📱 647-707-6945
📧 [email protected]
🌐 MortgageBro.ca

07/01/2026

O Canada! ❤️🍁 Celebrating the best country today!

06/30/2026

📉 Canada's Rental Market Hits an Inflection Point
After years of tight supply, the rental market is finally softening. New construction is ramping up, and landlords in major cities are adjusting.
Asking rents are declining. Vacancies are lasting longer. Incentives like free rent and move-in credits are back in play.
Key Stats:

> 20th consecutive month of year-over-year asking rent declines nationally
> 2x the 10-year average rental units under construction
> 4.7% year-over-year decline in average Canadian asking rents (May 2026)

Great news for renters. A new reality for landlords.
Follow for more Canadian real estate & mortgage insights 👇ca

06/27/2026

🎉 Happy 50th Birthday, CN Tower!

For five decades you’ve stood tall and strong — a true masterpiece of Canadian engineering and a proud symbol of what we can achieve when we dream big. From the groundbreaking construction in 1976 to lighting up our skyline today, you’ve inspired generations with your strength, innovation, and unmistakable Canadian spirit.
Here’s to 50 incredible years… and to the next 50 of reaching even higher! 🇨🇦
Wishing you the happiest of birthdays,
Rozil Redhu
Clover🍀 Mortgage Inc.

Address

Clover Mortgage At 77 City Centre Drive Suite 505
Mississauga, ON
L5B1M5

Opening Hours

Monday	8am - 8pm
Tuesday	8am - 8pm
Wednesday	8am - 8pm
Thursday	8am - 8pm
Friday	8am - 8pm
Saturday	8am - 8pm
Sunday	8am - 8pm

Telephone

+16479225584

Website

https://RozilRedhu.ca/, https://MortgageBro.ca/

Alerts

Be the first to know and let us send you an email when Rozil Redhu posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.