5 Year Fixed 2.74%

5 Year Variable 2.85%

Current Mortgage News

The time to break into the market is now! Steve, Frank and Paul break down some of the latest numbers.

We way in on the recently announced industry changes from the Federal Budget Plan 2019.

Frank and Paul talk about the proposed mortgage changes announced last week and the state of the current real estate market. They missed Steve for only the second time in 12 years as he celebrated the life of his father, Leo, who passed away March 14th.

The Federal Government has announced the new budget which contains measures to address affordable housing across Canada. The finance department anticipates legislation for the new program will pass in time for a September launch.

Frank and Paul break down the realtor advantage and what you gain when you list with professionals rather than by yourself.

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.