5 Year Fixed 3.74%

5 Year Variable 3.15%

Current Mortgage News

Bank of Canada rates and forecasts for 2019, industry rule changes, and shopping for your mortgage- all this and more on this edition of Open House: The Real Estate and Mortgage Show

The Bank of Canada maintained its key interest rate today, keeping the benchmark rate 1.75%. This is the interest rate that impacts borrowing interest rates for consumers, specifically the prime rate for variable rate debt.

Don’t ignore your mortgage maturity date, it’s best to work with your Mortgage Broker 6 months prior to the date to see the options available. All this and more on this week’s edition of Open House: The Real Estate and Mortgage Show.

Throughout the 2018, Canada has experienced increases in immigration and youth employment, which, along with an aging population, saw more demand in the rental housing markets.

Two years after the introduction of the initial stress test, there are things that can help you qualify for a mortgage.

If your mortgage is coming up for renewal in the next 6 months, now is the time to get in touch with your Mortgage Broker. Selling your home? Pictures help tell the story before a potential buyer steps foot into the property. All this and more on this edition of Open House: The Real Estate and Mortgage Show.

Although recent reports have shown a dip in Canadian real estate, given the home sale data from October, it seems that the Canadian housing market remains balanced according to the recent data release from the Canadian Real Estate Associate (CREA).

The days of assuming low mortgage debt loads means less of a credit risk to the lenders and banks are in the past.

Have a HELOC on your property? Some banks have changed qualifying policies; listen now to find out more.

Mortgage Forecast: What’s next in the market this year

In the month of October, members of the Ottawa Real Estate Board (OREB) sold a total of 1,383 residential properties. This is an increase from both last October which saw 1,237 sales and the 5 year average of 1,223 sales for an increase of nearly 12%.

: Sometimes prepping a house to show involves difficult conversations about décor and personal items. Thinking of selling your home, what to consider in regards to your mortgage. All this and more on this week’s episode of Open House: The Real Estate and Mortgage Show on CFRA.