5 Year Fixed 2.89%

5 Year Variable 2.99%

Current Mortgage News

In new figures released by the Ottawa Real Estate Board (OREB), 1,842 residential properties were sold in July, compared the 1,605 in the same month in 2018 which represents a 14.8% increase.

Qualifying rates have dropped but penalty calculation rates for the banks remain the same. Check out this week’s edition of Open House: The Real Estate and Mortgage Show

Considering a rental property, or properties, for your own financial portfolio? There are some major factors to consider when looking at the tax implications.

Great news for those looking for financing, the Bank of Canada has decreased the qualifying rate to 5.19%.

Following three months of increased home sales, June data suggests that the housing market has stabilized resulting from nearly even local markets where sales we up, such as Quebec and Southern Ontario, and markets where sales were down, namely the GVA, Calgary, Halifax, and Newfoundland and Labrador.

Once your home is paid off, consider some alternatives to make your equity work for you.

The Bank of Canada has announced that it will maintain they key interested rate at 1.75%.

Paying down your mortgage principal is an easy tax-free savings concept, especially given the fact that residential sale prices have increased a whopping 52% over the last 10 years!

A new report released by Generation Squeeze, a not-for-profit group that advocates for young Canadians, suggests that the affordability gap between millennials and baby-boomers is larger than people realize.

Latest on the Ottawa real estate market and investing in Ottawa real estate with a mortgage investment corp are featured on this edition of Open House- The Real Estate and Mortgage Show.

Frank Napolitano joins Leslie Roberts to discuss the First Time Home Buyers Incentive plan which is slated for release this September.

Low inventory and decreasing mortgage rates make for a busy Ottawa real estate market.