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Current Mortgage News

Ottawa's year-over-year unemployment rate decreased by 1.5% to sit at 4.2% while housing starts increased by 27.4% in Q2.

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?

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.

And it’s more good news for the Ottawa housing market.

Highlights from Genworth Canada's Ontario Regional Risk Report for February 2018 plus CBRE's Canadian Market Outlook for 2018.

The Bank of Canada has maintained the key interest rate target at 1.25% in light of recent trade policy developments.

With the Toronto and Vancouver markets making waves in the headlines over the last few years, it's now Ottawa’s turn for the real estate spotlight.

The Financial Accountability Office of Ontario has released their report detailing their findings on the Ontario household debt load.

National Bank of Canada economists Stéfane Marion and Matthieu Arseneau have published a report that takes a deep dive into the typical Canadian household's debt and income levels and find that the reality is not as dire (when compared to our counterparts south of the border) once the typical Canadian's health care costs are added back.

Annette Goerner is joined by Frank Napolitano of Mortgage Brokers Ottawa and Michael Hapke of Advanced Mortgage Investment Corporation discussing the option of private mortgages for individual mortgage needs and for investors.

We read and enjoyed this article and report from iCapital Network out of the US. iCapital's research "'demonstrates that single-family offices, which otherwise hold complex priorities unique to the family they serve, are united in a belief that alternative investments can play a role in long-term wealth accumulation,” said Lawrence Calcano, chief executive officer of iCapital Network.

According to a credit monitoring agency, TransUnion, fewer borrowers are falling behind on their mortgage payments.