5 Year Fixed 3.09%

5 Year Variable 2.95%

Current Mortgage News

Announced this morning, the Bank of Canada has opted to maintain the overnight interest rate at 1.75%.

Canadian home ownership rates have continued to be among the highest in the world, despite affordability and stress test concerns.

With the low levels of inventory in Ottawa real estate, it is important to work with a team of professional Mortgage Brokers and Real Estate Agents to help navigate the process.

Representatives from the real estate, mortgage, and home builder industries have recently met separately with government representatives and politicians to discuss the impacts the mortgage lending guidelines are having on buyers.

Over the past year, qualifying for a mortgage has become more challenging. The millennial generation and single individuals particularly are finding it the toughest.

Thinking of listing your home in the spring market? With the low inventory levels, now is a great time to contact your team of trusted professionals including your Mortgage Broker.

Barb Kramer from Mortgage Brokers Ottawa and Dora Bejaoui of Paul Rushforth Real Estate join Steve Gregory on this week’s edition of Open House: The Real Estate and Mortgage show.

A total of 820 residential properties were sold in January according to the Ottawa Real Estate Board (OREB).

Watch this week's segment to see how an RRSP can help with down payment and additional costs on your eligible new home.

Mortgage Professionals Canada (MPC) released their State of the Mortgage Market Report. Although the report itself did address the stress test and subsequent implications, it also shed light on the current Canadian mortgage market moving into 2019.

Mortgage rates remain stable, listing your home for the spring market, and more information about Advanced Mortgage Investment Corporation on this week’s edition of Open House: The Real Estate and Mortgage Show

The Steve, Frank and Paul are joined by Paul Taylor, president of Mortgage Professionals Canada to talk about how government stress tests are hurting the Canadian market.