Tag Archives: Canada

Why is the Ottawa real estate market so hot right now?

The Ottawa real estate market has always kind of marched to the beat of its own drummer. We are insulated from the highs and lows of markets like Toronto and Vancouver because of the steady presence of the public service, … Continue reading

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New mortgage rules won’t apply to existing contracts.

I had a blog reader email me to ask if the new mortgage rules apply in a situation where he purchased a new home a year ago but won’t take possession until next year. His mortgage application is still in progress. … Continue reading

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New Mortgage Rules apply to ALL Buyers

I keep reading news articles about the new mortgage rules that suggest they only apply to buyers who have less than 20% downpayments. (Those are mortgages that are CMHC insured). I asked Cathy Macdonald, an Ottawa mortgage broker, if this … Continue reading

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