5 Year Fixed 3.44%

5 Year Variable 2.70%

Current Mortgage News

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.

According to a new survey by Royal LePage, more than half of baby-boomer survey respondents found big cities unaffordable for their planned retirement and were considering moving and downsizing from the family home.

According to a new release from the Ottawa Real Estate Board (OREB), the market continues to be hot in the Ottawa area as noted in a 5.9% increase in the number of sales from July 2017.

Timing your bridge financing, keeping your home maintained and at the right temperature for showings, and more on this edition of Open House: The Real Estate and Mortgage Show!

Wondering what your options might be? There are some significant differences in the way Mortgage Brokers and Banks handle business that should be important to you.

Many consumers are not made aware of, or are familiar with, the differences between the two mortgage charges.

A breakdown of the current listings in the Ottawa area and the impacts of the mortgage stress test on this week’s edition of Open house: The Real Estate and Mortgage Show.

Over 6 months into the new regulations handed down by the government earlier this year; and Canadians are starting to feel the impact of the new qualification rules.

The Canada Mortgage and Housing Corp. (CMHC) recently announced that they will be making changes to their self-employed borrower criteria starting October 1, 2018. Although they have not set out clear outlines, the changes are meant to positively impact the roughly 15% of Canadians that make up the self-employed workforce.

Tips for selling your home during this warm summer and the new CMHC program for self-employed- all this and more on this week’s edition of Open House: The Real Estate and Mortgage Show.

With the increase to the Bank of Canada interest rate, people may be feeling anxious about their variable rate debt.