Full Service Cambridge Mortgage Broker

About Cambridge

Cambridge (2006 population 120,371) is located in Southern Ontario on the Grand River and Speed River in the Region of Waterloo, Ontario, Canada. It is composed of the former towns Galt, Preston, and Hespeler, Ontario. Galt covers the largest portion of Cambridge, taking up the southern half of the city. Prestonis located on the western side of the city while Hespeler is the most north-easterly section of Cambridge.

History

Cambridge began as a composite city in 1973, when the three municipalities of Galt, Preston and Hespeler and the settlement of Blair were amalgamated into a single legal entity under a new name. (A new name that was not so very new—Preston was once known as Cambridge Mills.) The first mayor of Cambridge was Claudette Miller, who at the time was one of the few female mayors, and at 35 the youngest mayor, in Canada. Each of the communities possessed a long and proud history and there was considerable resistance among the local population to this “shotgun marriage” arranged by the Provincial government. A healthy sense of rivalry had always governed relations among our three communities. Even today, while our residents will tell the outside world that they call Cambridge home, they will often identify themselves to each other as citizens of Galt or Preston or Hespeler.

As Cambridge has developed and the open spaces between the original municipalities have been filled in a fourth commercial core, entirely modern in its construction has emerged, a core that cannot be claimed for any one part of the city but only for Cambridge as a whole. The Macdonald-Cartier Freeway (401) running through its midst of Cambridge.

On May 17, 1974 flooding on the Grand River was so intense it filled the streets with water to a depth of about four feet. Hundreds of businesses and homes were severely damaged.

Economy

In 1988, Toyota Motor Manufacturing Canada opened a plant in Cambridge, which employed 4,518 people as of December 2005 and is by far Cambridge’s largest employer. Although highly beneficial to the town, traffic issues caused by slow-moving and long trains passing through main traffic routes to deliver material to the plant have caused some frustration in residents. Several other industrial companies also call Cambridge home, including Gerdau Ameristeel, ATS Automation Tooling Systems,Loblaw Companies Limited, Cambridge Memorial Hospital, Challenger Motor Freight Inc., Sutherland-Schultz Inc., Canadian General-Tower Ltd., iQor, Frito-Lay Canada (formerly Hostess), Babcock and Wilcox, Northstar Aerospace, Rockwell Automation and Com Dev.

Demographics

Cambridge has been characterised by rapid growth in recent years. According to the 2006 Census, the city has a population of 120,371. This represents an increase of 9.1 percent, or 10,000 people, in five years. The municipality is 112.86 square kilometres in size (43.58 square miles). According to recent Economic Development estimates, the population of Cambridge for 2009 is 126,000, and the projected population for 2031 is 180,000.

According to the most recent figures, Cambridge is overwhelmingly populated by people of a European ethnic background – 90.2%, mostly those of English (31,400), Scottish (20,625), Irish (19,040), German (14,110), Portuguese (10,685) and French (10,040) origins. Many Newfoundlanders (mostly from the Conception Bay and Bell Island area) have migrated to Cambridge, mostly due to the closure of the iron ore mines on Bell Island. There is also a significant Franco-Ontarian and Armenian population in Cambridge.

The city is largely Christian at 80.2%, followed by non-religious people who number 15%. Muslims and Hindus and other faiths make a little over 5% of the population. Over the last few years the numbers of Indians, Pakistanis and Afghanis moving in from other urban areas or immigrating from their respective countries, has doubled and tripled. Cambridge is also much younger than the national average. 21.6% of the population are under 14 years of age. Only 11% of the population is over 65, resulting in an average age of 35.2, significantly lower than the national average.

Transportation

Public transportation

Since 2000, public transport throughout the Region of Waterloo has been provided by Grand River Transit, which was created by a merger of the former Cambridge Transit and Kitchener Transit.

GRT operates a number of routes in Cambridge, four of which travel outside of the city: presently the 52, 61 and 72 buses run to southern Kitchener, while the iXpress limited-stop express route runs from Cambridge through Kitchener to the north end of Waterloo. More than 80 percent of GRT’s fleet consists of low-floor vehicles such as the Nova LFS. Low-floor buses run on highly-travelled routes including iXpress, while high-floor vehicles remain operating on routes with low ridership, such as routes 66, 71, and 53. GRT has recently purchased 6 hybrid buses in order to shrink their carbon footprint. Of the 6 hybrid buses, only one operates in Cambridge while the rest operate in Kitchener-Waterloo.

Intercity service is served by Greyhound Lines, from a terminal near Highway 401 and Hespeler Road. Commuter service to and from Toronto is the key routing, and no local trips are permitted to or from Kitchener. Coach Canada, who eventually took over Hamilton Street Railway’s Canada Coach Lines from Trentway-Wagar, still run almost every two hours during the daytime between Hamilton and Kitchener, and connect to Niagara Falls. As noted below, other services have been cancelled over the last decade within the region, and between other centres, such as Guelph, Brantford, Elmira, and Tillsonburg.

Cambridge Initiatives and Planning

Click the link to see the most recent Cambridge initiatives.

Cambridge Property Taxes

Click for the last available property tax rate for Cambridge.

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Call Me For Your Cambridge Mortgage Broker Needs

If you are currently looking for a mortgage in Cambridge it has never been a better time to get financing from a Cambridge mortgage broker. Canadian mortgage rates are at an all time low and the housing market has proven over the last 12 months how resilient our market is. I am very confident that with Ontario’s transit expansion plans coupled with Canada’s stance on immigration that the province will see a nice surge in housing prices over the next 10-15 years.

Home Purchase/ Mortgage Refinancing

If you are looking at buying a new home or looking to refinance your current home, call me today. We will find you the lowest mortgage rate for your home purchase or refinance.

First Time Home Buyers

The prospects are especially bright if you are a first time home buyer. If you are a first time home buyer give me, your Cambridge mortgage broker a call today. I can help you understand the many opportunities currently available for first time home buyers. Check out our mortgage calculator on the side bar, this will help you figure our how much you can afford. We can help first time home buyers save with the lowest mortgage rates.

Commercial Financing

If you are a commercial property owner in need of a Cambridge mortgage broker, call today. I have many Ontario commercial mortgage lenders who can help no matter what or where your property is located. If you are looking for a commercial mortgage broker with the lowest rates, call today.

Rental Properties

I can help real estate investors local or abroad in need of a rental mortgage. Whether you are a first time rental property owner or purchasing your eighth property we can help you.

Private Mortgage Lenders

Are you in need of a private mortgage from a Cambridge mortgage broker? Trillium mortgage is a leader in offering private mortgages and has access to an established and well reputable network of private lenders. We can offer the lowest mortgage rates on your private mortgage.

Second Mortgage / Home Loans / Debt Consolidation Loan

We offer second mortgage, home loans and debt consolidation loans. Bad credit histories are our specialty. Even if you are being foreclosed, are in power of sale or have recently gone bankrupt, we can help you. We offer the lowest interest rates on your second mortgage, home loans and debt consolidation loan needs.

Vacation Home / Cottage / Second Home

Are you looking a buying a vacation home, second home or a cottage? Call a Cambridge mortgage broker who can find you the lowest interest rate for your dream getaway.

No matter what your situation is, I can help. I will help every person get the mortgage they need. Give me a call today for your Cambridge mortgage broker needs.