Payotte AI Passport

Merylee Sevilla

Mortgage Agent Level 2 · Mortgage Centre Canada – Get A Better Mortgage Inc. · Ottawa

Merylee Sevilla is a mortgage agent level 2 with Mortgage Centre Canada – Get A Better Mortgage Inc. in Ottawa, Ontario, holding FSRA licence no. M22003357 (verifiable on the FSRA register), serving Ottawa and all of Ontario since June 2021.

Call · (613) 404-7090 Send an email Website ↗

Calculate for Ottawa: buy or sell

Buy

Land transfer tax, down payment and mortgage in Ottawa

No reference price published for Ottawa: example at $500,000. Change any field and everything is recalculated.

Purchase price in $

Down payment in $

First-time buyer

Ontario land transfer tax$6,475

First-time buyer rebatetick “first-time buyer”

Tax to pay$6,475

Minimum down payment (federal rule)$25,000

Mortgage insurance premium (added to the loan)none (20% or more)

Mortgage$400,000

Monthly payment, 25 years at 4.58%$2,232

Household income needed (stress test)$100,000

Official schedule, bracket by bracket, paid in cash at closing: the tax cannot be financed in the mortgage. Rate: Bank of Canada 5-year fixed mortgage rate (August 2026); your lender will set its own. Income needed: 6.58% qualifying rate, 39% GDS, property tax at 1% a year and $150 a month for heating. Not included: lawyer or notary fees, inspection, title insurance (no official schedule). All the schedules · First-time buyer programs · Down payment and mortgage insurance

Sell

Capital gain on a sale: what is taxable

Your principal residence: generally no tax on the gain. The same federal rule applies in Ottawa as everywhere in Canada (Income Tax Act).

Sale price in $

Purchase price in $

Capital gain$100,000

Your principal residence (designated every year)$0 taxable

Other property (cottage, rental): taxable amount$50,000

Land transfer tax$0 — paid by the buyer

Agent's commissionnegotiated, not computed

Principal residence designated for every year owned: nothing taxable, but the sale must be reported. Other property: $50,000 of taxable amount is added to your income for the year; the resulting tax depends on your marginal rate and is not computed here.

Principal residence: the Canada Revenue Agency exemption wipes out the gain for each year the home is designated; the sale must still be reported (partial designation: part of the gain becomes taxable). Other property (cottage, rental): half the gain becomes a taxable amount, added to that year's income (1/2 inclusion rate, CRA guide T4037; the increase to 2/3 was cancelled on March 21, 2025 — checked on canada.ca on October 15, 2026). It is not the tax owed: that depends on your marginal rate, which Payotte does not compute. Gain = sale price − purchase price, before selling costs and deductible improvements. No official schedule sets the agent's commission. Tax on selling, case by case

A question about these figures or an address? Merylee Sevilla can answer.

Call · (613) 404-7090 Send an email Website ↗

What Payotte publishes

Licence: FSRA no. M22003357 ↗ Verifiable on the FSRA register (link): status, agency and disciplinary record.
Agency: Mortgage Centre Canada – Get A Better Mortgage Inc.
Brokerage licence: FSRA no. 10874 Declared in writing.
Areas served: Ottawa, all of Ontario Declared in writing: “I use my head office address and can service Ontario (ideally Ottawa)”
Services: First time homebuyer, Refinance, New to Canada, Separations, Commercial/industrial Declared in writing.
Practising since: June 2021 Declared in writing.
Google profile: See on Google Maps ↗

Information confirmed in writing by Merylee Sevilla on October 30, 2026. Page updated on October 30, 2026.

In their own words

Advice to clients and clients helped, in their own words

“I always tell my clients that finding the right mortgage isn’t just about getting the lowest rate. It’s about finding a solution that makes sense for you, your finances, and your future. Whether you’re buying your first home, renewing, refinancing, self-employed, investing in real estate, or looking for commercial financing, I’m here to help you explore your options and make informed decisions. I believe in honest advice, clear communication, and making the mortgage process as simple and stress-free as possible. As your Mortgage Matchmaker, my goal isn’t just to get you approved, but to find financing that truly fits your needs. No pressure, no judgment, just real conversations and solutions that work for you.”

Merylee Sevilla, written answer of October 30, 2026. Published word for word.

Frequently asked questions

Is Merylee Sevilla's licence valid?

Merylee Sevilla declares FSRA licence no. M22003357, attached to the agency Mortgage Centre Canada – Get A Better Mortgage Inc.. Payotte publishes no status for this licence: it is verifiable on the FSRA register, which should be checked before signing.

What areas does Merylee Sevilla serve?

Ottawa and all of Ontario, according to Merylee Sevilla's written statement of October 30, 2026.

What services does Merylee Sevilla offer?

First time homebuyer, Refinance, New to Canada, Separations and Commercial/industrial, as a mortgage agent level 2.

How long has Merylee Sevilla been practising?

Since June 2021, according to Merylee Sevilla's written statement.

How can I reach Merylee Sevilla?

Merylee Sevilla can be reached by phone at (613) 404-7090 or by email at mortgages@merylee.ca. The buttons at the top of this page start a call or a pre-filled email.

What is the AI Passport?

The AI Passport is a dated page a professional gets on Payotte so that search engines and AI assistants read them correctly: their name, licence and contact details in one place, with a link to the official register. It is neither a ranking nor a recommendation. Payotte does not score professionals who have a Passport, and it does not replace your own check: consult the register before signing.

In Ottawa, Payotte also recommends mortgage brokers by area: see the experts in Ottawa.

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