The region recently received a Triple-A credit rating, which is the highest rating a municipal or regional government can achieve. This is the 24th consecutive year that Peel has received this rating.
S&P Global Ratings has reaffirmed the Region of Peel’s Triple A credit rating.
As noted by S&P, the Region’s “experienced management team has the capability to implement the strategic plan and budget in line with a set of financial policies that we believe have broad political support.”
Earlier this year, Moody’s Investors Service stated that the region has a strong governance framework and prudent financial management practices, including comprehensive, transparent and timely financial reporting.
“Peel’s credit profile reflects strong positive fiscal outcomes, an excellent liquidity profile and a diverse and robust economy,” said Moody’s.
With the region’s Long Term Financial Planning Strategy (LTFPS), Peel council aims to invest in services, programs and infrastructure to meet the needs of Peel residents, businesses and community partners today and in the future. The region is also trying to build a community for life with its’ 20-year Strategic Plan.
Brampton was also named one of the best cities to live.
According to the Best Places to Live: Canada Liveability Report by ReMax, Brampton met many requirements for livability with high marks. In terms of getting the highest average of marks in the index, Brampton tied with Calgary for the overall best score: 7 high marks and 4 medium marks.
The city marks high in the following categories:
“A high credit rating provides access to lower long-term borrowing costs for the Region of Peel as well as Brampton, Caledon and Mississauga for investments in infrastructure such as water, wastewater, roads and affordable housing. Regional Council’s oversight of Peel’s long term financial condition ensures Peel’s services are affordable today and sustainable in the future for both residents and businesses,” said Commissioner of Finance and Chief Financial Officer Stephen VanOfwegen.
I would've given six stars if I could but this thing only let's me give 5 stars. Excellent brokerage in town Harry gives you the right advice, you can count on him for all your financing needs.
Exceptional customer service. Very friendly and caring people to work with. They reaiect your time and your hard earned money so you will be getting honest advise that protects you and your wealth.
Working with Harry was an absolute pleasure. Our mortgage approval was a bit of a process, as we were selling our present home and then using it as our down payment. But unfortunately, the market didn’t allow us to do so and Harry helped us through all of it. He went above and beyond to answer any questions we might have. What we appreciated the most was how hard he worked for us and made our purchase happen.
In today’s market not a lot of brokers can work on a deal like ours. We did our homework to find originators of our debts, but it was a daunting task and we were just going in circles until we called Harry at Majestic Mortgage. Harry answered all our questions in a professional and prompt manner and worked on our debts, he was focused 100% on providing us the best solution. Thanks Harry for all the effort and making the process quick and painless. We couldn't be happier with the service we received, and will definitely be returning to Harry.
-A. Baliswadi & K. Mahabir
It was great to have Harry Saund as our mortgage broker as first time buyers. He was very professional and everything went very smoothly with him. I would definitely recommend him to people looking to get a mortgage.