5 Year Fixed 3.39%

5 Year Variable 2.55%

Current Mortgage News

Thinking of building a dream home? Check out this episode of CTV Morning Live Mortgage Minute for more information about construction financing.

On this week’s episode of Open House: The Real Estate and Mortgage Show host Steve Gregory is joined by Frank Napolitano of Mortgage Brokers Ottawa and Paul Rushforth of Paul Rushforth Real Estate discussing the latest news in the Ottawa area real estate and mortgage markets. This week, the group discusses the impact of the mortgage stress test on the rental market and the shift of buyers looking for easily maintained urban properties.

According to a report released by the Ottawa Real Estate Board, sales of homes for May 2018 topped 2,279. These sales included 485 condominium properties and 1,794 residential.

Many clients have been asking their Mortgage Broker the likelihood that they can enter into offers with no financing conditions given the current market. This can be a challenge for both the Mortgage Broker and the Real Estate Agent when keeping in mind the best interest and individual scenario of the clients.

This means good news for variable rate product holders as no changes in prime are expected until July.

With deep discounts in the variable rate mortgage environment, you may be wondering if it’s beneficial to review your current mortgage and whether choosing a variable rate mortgage can save you money over your term.

The importance of properly pricing your home to sell, the advantages of the new lower rate variable rate mortgages and the benefits of alternative lending are all covered in this week’s edition of Open House: The Real Estate & Mortgage Show.

Recent data has been gathered on the home-to-income ratios of Ontario’s major cities, including median household income information from Statistics Canada and the average home prices in April 2018 from the Canadian Real Estate Association.

Saving money with the new variable rate mortgages rates, what to expect when paying condo fees, and more on this week’s edition of Open House: The Real Estate & Mortgage Show.

CTV Morning Live Host Annette Goerner is joined by Frank Napolitano of Mortgage Brokers Ottawa on this week’s edition of Mortgage Minute.

The three default insurers (CMHC, Genworth, and Canada Guaranty), along with Department of Finance have recently clarified some of the regulatory policy that for the first set of B-20 rules released in October of 2016.

Increases to the mortgage qualifying rates, increases in the number of sales and sale prices year over year, and mortgage document requirements- all this and more on this week's episode!