5 Year Fixed 2.74%

5 Year Variable 2.85%

Current Mortgage News

Launching earlier this week, the federal government’s new home buyers program aims to help nearly 100,000 Canadians achieve their home ownership dreams while helping with the monthly payments.

Another great week full of the top mortgage and real estate advice with host Steve Gregory, Frank of Mortgage Brokers Ottawa, and Josh of Paul Rushforth Real Estate.

For a fifth consecutive month, home sales across Canada rose once again in July according to the newly released report from the Canadian Real Estate Association (CREA).

Home Inspections, broker fees, and more on this week’s edition of Open House: The Real Estate and Mortgage Show

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!