5 Year Fixed 2.59%

5 Year Variable 2.30%

Current Mortgage News

In a highly anticipated move the Bank of Canada lowered their overnight lending interest rate to 1.25% this morning, the first interest rate cut since 2015.

Multiple Offers continue to dominate the housing market in Ottawa

Housing market seeing many instances of 'multiple offers' in this listing starved market

Recently released statistics by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.

Bill Morneau, Minister of Finance, has announced that the qualifying rate for the mortgage stress test will change effective April 6, 2020.

Low inventory and price increases continue to sellers' market in Ottawa real estate. All this and more on this edition of Open House: The Real Estate and Mortgage Show.

According to the latest data released by the Ottawa Real Estate Board (OREB), residential property sales decreased 4.5% from 817 in January 2019 to 780 last month.

Since the official launch of the federal program in September 2019, a mere 4% of the 3-year goal has been funded according to new data.

Steve, Frank and Dora discuss the state of the market, and the large amount of first-time home buyers they have seen recently.

Barb Kramer and Anisa Lancione join host Steve Gregory and Paul Rushforth this week to discuss the latest in Mortgage and Real Estate news.

The central bank has opted once again to maintain the overnight lending interest rate at 1.75% this morning, a level it has maintained for over a year.

The gang's all here! Frank and Paul talk real estate and take your calls as well.