5 Year Fixed 3.54%

5 Year Variable 2.70%

Current Mortgage News

With the summer winding down, Ottawa Real Estate Board (OREB) members sold a total of $1,586 residential properties in the month of August which is a 3.3% increase over August 2017.

Steve, Frank and Lisa take you through some recent changes in the HOT Ottawa market! Growth in areas that are normally quiet and listings are down elsewhere - it's a great time to buy!

Citing NAFTA negotiations, trade policy developments and inflation, the Bank of Canada has maintained the current benchmark rate at 1.5% in today’s announcement.

Are squeaky floors a turn off for buyers? What are the interest rates being offered? Could NAFTA negotiations hurt the real estate market? These questions and more ... ANSWERED on another episode of Open House.

Since October 2016, lenders have had the ability to tier their mortgage rates based on what loan-to-value (LTV) category you fall in- but what does that mean for you?

Speaking from the annual central banking retreat in the U.S. Bank of Canada Governor Stephen Poloz emphasized that he is unworried about the inflation data and the effects on the benchmark rate.

New real estate information available to the public, second mortgages, and more on this week’s episode of Open House: The Real Estate and Mortgage Show

In the latest data released by Equifax, the Canadian Mortgage and Housing Corporation (CMHC) noted that the average credit score for a Canadian home-owner is on the rise.

Rental markets and investment properties- this week on Open House: The Real Estate and Mortgage Show

The new statistical report from The Canadian Real Estate Association shows that home sales across Canada were up in July from the previous month by 1.9%.

The new Interest-Only Mortgages can be very beneficial when it comes to cash-flow.

New mortgage products are coming on to the market including an interest-only mortgage which is ideal with investment properties.