5 Year Fixed 3.44%

5 Year Variable 2.70%

Current Mortgage News

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.

The June stats have been released by the Canadian Real Estate Association (CREA) and although home sales increased in June, the average selling price was still somewhat lower than June 2017.

On this episode, Steve, Frank and Paul discuss the Bank of Canada, new and current interest rate markets, what to do when selling your home and your mortgage is up for maturity and how Amazon will increase east end activity. Check out the podcast here:

With the increase to the Bank of Canada’s interest rate yesterday to 1.5%, the cost of variable rate mortgages will also increase.

Although the threat of the trade war between Canada and the United States continues, the Bank of Canada has opted to move forward with the much anticipated benchmark interest rate increase today.

The news is out! We are very proud to be recognized for the 8th year in a row as a Top Service Provider by Consumer Choice. Congratulations to all the winners!

Getting a HELOC with an existing mortgage, June home sales, potential rate changes, and much more in the world of real estate and mortgages!

According to the Ottawa Real Estate Board’s recent release on the June housing market, a total of 2,070 residential properties were sold throughout the month of June with 455 condo properties and 1,615 residential properties.

Mortgage penalties, condo fees and prepayment privileges- all this and more of this edition of Open House: The Real Estate and Mortgage Show.

With a Bank of Canada interest rate announcement coming in the next few weeks there has been speculations as to whether the bank will indeed increase the rates on July 11th.

With rising interest rates and rising house prices, some home buyers wonder if not is the right time to buy, or if they should “wait out” the market for a period of time. The real questions may be, can you afford to wait?